Viper Energy Partners LP (NASDAQ:VNOM) Position Raised by Sapience Investments LLC

Sapience Investments LLC raised its stake in Viper Energy Partners LP (NASDAQ:VNOM) by 15.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 353,750 shares of the oil and gas producer’s stock after buying an additional 47,600 shares during the quarter. Viper Energy Partners makes up about 1.5% of Sapience Investments LLC’s investment portfolio, making the stock its 21st largest holding. Sapience Investments LLC owned about 0.26% of Viper Energy Partners worth $10,903,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sanders Morris Harris LLC bought a new stake in Viper Energy Partners in the second quarter valued at $422,000. FIL Ltd lifted its stake in Viper Energy Partners by 187.4% in the first quarter. FIL Ltd now owns 366,079 shares of the oil and gas producer’s stock valued at $12,139,000 after buying an additional 238,691 shares during the last quarter. FMR LLC lifted its stake in Viper Energy Partners by 14.7% in the first quarter. FMR LLC now owns 4,117,055 shares of the oil and gas producer’s stock valued at $136,522,000 after buying an additional 528,497 shares during the last quarter. San Francisco Sentry Investment Group CA lifted its stake in Viper Energy Partners by 15.4% in the second quarter. San Francisco Sentry Investment Group CA now owns 3,375 shares of the oil and gas producer’s stock valued at $104,000 after buying an additional 450 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its stake in shares of Viper Energy Partners by 8.8% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 335,520 shares of the oil and gas producer’s stock valued at $10,341,000 after purchasing an additional 27,050 shares in the last quarter. Institutional investors own 38.77% of the company’s stock.

Viper Energy Partners stock traded up $3.25 during midday trading on Monday, hitting $32.41. The company’s stock had a trading volume of 44,254 shares, compared to its average volume of 204,589. The company has a quick ratio of 17.70, a current ratio of 17.70 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average price is $29.40 and its 200-day moving average price is $30.97. Viper Energy Partners LP has a 12 month low of $22.76 and a 12 month high of $44.00. The company has a market capitalization of $3.94 billion, a PE ratio of 30.04 and a beta of 1.38.

Viper Energy Partners (NASDAQ:VNOM) last issued its quarterly earnings results on Tuesday, July 30th. The oil and gas producer reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). Viper Energy Partners had a return on equity of 0.62% and a net margin of 13.18%. The business had revenue of $72.19 million during the quarter, compared to the consensus estimate of $69.49 million. During the same quarter last year, the firm posted $1.35 earnings per share. Viper Energy Partners’s revenue was down 4.1% compared to the same quarter last year. As a group, equities analysts anticipate that Viper Energy Partners LP will post 0.3 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 14th were given a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.38. This represents a $1.88 annualized dividend and a yield of 5.80%. Viper Energy Partners’s payout ratio is 174.07%.

A number of equities research analysts recently weighed in on the stock. Capital One Financial assumed coverage on shares of Viper Energy Partners in a research note on Tuesday, July 2nd. They set an “overweight” rating and a $37.00 price objective on the stock. ValuEngine upgraded shares of Viper Energy Partners from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st. Evercore ISI assumed coverage on shares of Viper Energy Partners in a research note on Tuesday, July 30th. They set an “outperform” rating and a $38.00 price objective on the stock. Stifel Nicolaus lifted their price objective on shares of Viper Energy Partners from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Northland Securities restated a “buy” rating and set a $35.00 price objective on shares of Viper Energy Partners in a research note on Monday. One investment analyst has rated the stock with a sell rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. Viper Energy Partners has an average rating of “Buy” and a consensus target price of $40.88.

Viper Energy Partners Profile

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2018, it had mineral interests in 14,841 net royalty acres in the Permian Basin and Eagle Ford Shale with estimated proved oil and natural gas reserves of 63,136 thousand barrels of crude oil equivalent.

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Institutional Ownership by Quarter for Viper Energy Partners (NASDAQ:VNOM)

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