Boston Partners grew its holdings in shares of Viper Energy Partners LP (NASDAQ:VNOM) by 27.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,127,350 shares of the oil and gas producer’s stock after purchasing an additional 457,308 shares during the period. Boston Partners owned about 1.87% of Viper Energy Partners worth $39,654,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Penserra Capital Management LLC purchased a new stake in Viper Energy Partners during the third quarter worth about $106,000. Creative Planning increased its stake in Viper Energy Partners by 1,215.5% during the second quarter. Creative Planning now owns 13,155 shares of the oil and gas producer’s stock worth $207,000 after purchasing an additional 12,155 shares during the period. Credit Suisse AG purchased a new stake in Viper Energy Partners during the first quarter worth about $270,000. Renaissance Technologies LLC purchased a new stake in Viper Energy Partners during the first quarter worth about $281,000. Finally, Virtu KCG Holdings LLC increased its stake in shares of Viper Energy Partners by 77.4% during the second quarter. Virtu KCG Holdings LLC now owns 19,160 shares of the oil and gas producer’s stock worth $301,000 after buying an additional 8,357 shares during the period. Institutional investors own 17.96% of the company’s stock.
Viper Energy Partners LP (NASDAQ VNOM) opened at $19.95 on Monday. The company has a quick ratio of 8.92, a current ratio of 8.92 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2,270.00, a P/E ratio of 22.67, a P/E/G ratio of 1.38 and a beta of 1.01. Viper Energy Partners LP has a fifty-two week low of $14.27 and a fifty-two week high of $20.81.
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, beating the Zacks’ consensus estimate of $0.22 by $0.02. The firm had revenue of $42.21 million during 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 firm’s quarterly revenue was up 111.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 earnings per share. equities analysts anticipate that Viper Energy Partners LP will post 0.97 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th will be issued a $0.337 dividend. This represents a $1.35 dividend on an annualized basis and a yield of 6.76%. This is an increase from Viper Energy Partners’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Monday, November 6th. Viper Energy Partners’s dividend payout ratio is 155.17%.
In other Viper Energy Partners news, Director Michael L. Hollis purchased 2,500 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average cost of $16.07 per share, with a total value of $40,175.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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A number of analysts recently weighed in on the stock. Northland Securities set a $22.00 target price on shares of Viper Energy Partners and gave the stock a “buy” rating in a research note on Sunday, July 23rd. Imperial Capital assumed coverage on shares of Viper Energy Partners in a research note on Tuesday, August 15th. They set an “outperform” rating and a $21.00 target price on the stock. Piper Jaffray Companies cut their target price on shares of Viper Energy Partners from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, September 18th. Stifel Nicolaus restated a “buy” rating and set a $20.00 target price on shares of Viper Energy Partners in a research note on Sunday, September 10th. Finally, TheStreet upgraded shares of Viper Energy Partners from a “c+” rating to a “b-” rating in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $21.45.
Viper Energy Partners Company Profile
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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