CI Global Investments Inc. raised its position in Viper Energy Partners LP (NASDAQ:VNOM) by 111.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,098,552 shares of the oil and gas producer’s stock after acquiring an additional 2,164,352 shares during the quarter. Viper Energy Partners makes up approximately 1.5% of CI Global Investments Inc.’s portfolio, making the stock its 22nd biggest position. CI Global Investments Inc. owned 3.60% of Viper Energy Partners worth $76,397,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of VNOM. Scholtz & Company LLC lifted its position in Viper Energy Partners by 0.9% during the second quarter. Scholtz & Company LLC now owns 69,345 shares of the oil and gas producer’s stock worth $1,089,000 after buying an additional 625 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of Viper Energy Partners by 9.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 19,771 shares of the oil and gas producer’s stock worth $310,000 after acquiring an additional 1,726 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of Viper Energy Partners in the 3rd quarter worth approximately $106,000. Virtu KCG Holdings LLC grew its position in shares of Viper Energy Partners by 77.4% in the 2nd quarter. Virtu KCG Holdings LLC now owns 19,160 shares of the oil and gas producer’s stock worth $301,000 after acquiring an additional 8,357 shares in the last quarter. Finally, Creative Planning grew its position in shares of Viper Energy Partners by 1,215.5% in the 2nd quarter. Creative Planning now owns 13,155 shares of the oil and gas producer’s stock worth $207,000 after acquiring an additional 12,155 shares in the last quarter. Hedge funds and other institutional investors own 17.96% of the company’s stock.
Shares of Viper Energy Partners LP (NASDAQ VNOM) traded down $0.13 during midday trading on Tuesday, hitting $19.82. The company had a trading volume of 82,600 shares, compared to its average volume of 235,168. The company has a market cap of $2,271.95, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 1.38 and a beta of 1.01. Viper Energy Partners LP has a 1-year low of $14.76 and a 1-year high of $20.81. The company has a current ratio of 8.92, a quick ratio of 8.92 and a debt-to-equity ratio of 0.04.
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Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings results on Tuesday, October 24th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. The business had revenue of $42.21 million for the quarter, compared to the consensus estimate of $40.88 million. Viper Energy Partners had a return on equity of 12.08% and a net margin of 60.87%. The business’s revenue was up 111.2% on a year-over-year basis. During the same quarter last year, the business posted $0.12 EPS. equities research analysts forecast that Viper Energy Partners LP will post 0.97 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th will be paid a dividend of $0.337 per share. The ex-dividend date is Monday, November 6th. This represents a $1.35 annualized dividend and a yield of 6.80%. This is an increase from Viper Energy Partners’s previous quarterly dividend of $0.33. Viper Energy Partners’s payout ratio is presently 153.41%.
In other Viper Energy Partners news, Director Michael L. Hollis bought 2,500 shares of the business’s stock in a transaction on Friday, August 18th. The shares were purchased at an average price of $16.07 per share, with a total value of $40,175.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
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VNOM has been the subject of several research reports. Mizuho upgraded Viper Energy Partners from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 23rd. Barclays PLC set a $20.00 target price on Viper Energy Partners and gave the stock a “buy” rating in a research report on Monday, October 16th. Zacks Investment Research upgraded Viper Energy Partners from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. UBS AG initiated coverage on Viper Energy Partners in a research report on Monday, October 2nd. They issued a “neutral” rating and a $18.00 target price for the company. Finally, Stifel Nicolaus set a $20.00 target price on Viper Energy Partners and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.45.
About Viper Energy Partners
Viper Energy Partners LP is engaged in owning, acquiring and exploiting oil and natural gas properties in North America. The Company’s assets are located in the Permian Basin of West Texas. As of December 31, 2016, the Permian Basin consisted of approximately 85,000 square miles. As of December 31, 2016, its assets consisted of mineral interests underlying 107,568 gross acres in the Permian Basin.
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