Stephens Inc. AR Has $330,000 Stake in Viper Energy Partners LP (VNOM)
Stephens Inc. AR grew its position in Viper Energy Partners LP (NASDAQ:VNOM) by 13.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,950 shares of the oil and gas producer’s stock after purchasing an additional 1,200 shares during the quarter. Stephens Inc. AR’s holdings in Viper Energy Partners were worth $330,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of VNOM. Bank of New York Mellon Corp purchased a new stake in shares of Viper Energy Partners in the 3rd quarter valued at $288,000. JPMorgan Chase & Co. grew its stake in shares of Viper Energy Partners by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,064,741 shares of the oil and gas producer’s stock valued at $44,825,000 after acquiring an additional 167,826 shares during the period. Bank of Montreal Can grew its stake in shares of Viper Energy Partners by 237.6% during the 4th quarter. Bank of Montreal Can now owns 205,300 shares of the oil and gas producer’s stock valued at $5,346,000 after acquiring an additional 144,495 shares during the period. State of New Jersey Common Pension Fund D bought a new position in shares of Viper Energy Partners during the 4th quarter valued at approximately $872,000. Finally, Emerald Advisers LLC grew its stake in shares of Viper Energy Partners by 132.2% during the 4th quarter. Emerald Advisers LLC now owns 14,559 shares of the oil and gas producer’s stock valued at $379,000 after acquiring an additional 8,289 shares during the period. 33.95% of the stock is currently owned by institutional investors.
Several research analysts have recently issued reports on the company. Zacks Investment Research cut Viper Energy Partners from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 26th. ValuEngine upgraded Viper Energy Partners from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 7th. SunTrust Banks raised their price objective on Viper Energy Partners to $40.00 and gave the stock a “buy” rating in a research note on Thursday, February 7th. BidaskClub upgraded Viper Energy Partners from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. Finally, TD Securities raised their price objective on Viper Energy Partners from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Viper Energy Partners presently has a consensus rating of “Buy” and an average target price of $42.14.
VNOM stock traded up $0.60 during trading on Friday, hitting $28.41. 795 shares of the company traded hands, compared to its average volume of 563,664. The company has a current ratio of 20.09, a quick ratio of 20.09 and a debt-to-equity ratio of 0.10. The stock has a market cap of $3.66 billion, a P/E ratio of 25.92 and a beta of 1.29. Viper Energy Partners LP has a 1 year low of $22.76 and a 1 year high of $44.00.
Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05). The company had revenue of $61.59 million for the quarter, compared to analysts’ expectations of $68.04 million. Viper Energy Partners had a net margin of 46.62% and a return on equity of 2.33%. During the same quarter in the prior year, the business posted $0.38 earnings per share. On average, research analysts predict that Viper Energy Partners LP will post 1.2 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 13th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 5.35%. The ex-dividend date of this dividend was Friday, May 10th. Viper Energy Partners’s dividend payout ratio is currently 140.74%.
About Viper Energy Partners
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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