SG Americas Securities LLC lowered its stake in shares of Viper Energy Partners LP (NASDAQ:VNOM) by 22.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 25,593 shares of the oil and gas producer’s stock after selling 7,269 shares during the period. SG Americas Securities LLC’s holdings in Viper Energy Partners were worth $402,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. raised its stake in shares of Viper Energy Partners by 6.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 18,045 shares of the oil and gas producer’s stock valued at $324,000 after buying an additional 1,095 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Viper Energy Partners during the 1st quarter valued at about $121,000. PEAK6 Investments L.P. purchased a new position in shares of Viper Energy Partners during the 1st quarter valued at about $196,000. Wexford Capital LP raised its stake in shares of Viper Energy Partners by 2.1% during the 1st quarter. Wexford Capital LP now owns 527,976 shares of the oil and gas producer’s stock valued at $9,493,000 after buying an additional 11,028 shares during the last quarter. Finally, Creative Planning raised its stake in shares of Viper Energy Partners by 1,215.5% during the 2nd quarter. Creative Planning now owns 13,155 shares of the oil and gas producer’s stock valued at $207,000 after buying an additional 12,155 shares during the last quarter. Institutional investors and hedge funds own 15.69% of the company’s stock.
A number of equities analysts have weighed in on VNOM shares. TheStreet upgraded Viper Energy Partners from a “c+” rating to a “b-” rating in a research note on Monday, August 14th. Northland Securities set a $21.00 price objective on Viper Energy Partners and gave the company a “buy” rating in a research note on Monday, July 17th. Stifel Nicolaus reiterated a “buy” rating and set a $19.00 price objective on shares of Viper Energy Partners in a research note on Friday, July 14th. Piper Jaffray Companies started coverage on Viper Energy Partners in a research note on Saturday, May 27th. They set a “buy” rating and a $22.00 price objective for the company. Finally, Mizuho upgraded Viper Energy Partners from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $20.58.
In related news, CEO Travis D. Stice bought 30,811 shares of the company’s stock in a transaction on Friday, July 21st. The stock was bought at an average cost of $14.75 per share, with a total value of $454,462.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael L. Hollis bought 2,500 shares of the company’s stock in a transaction on Friday, August 18th. The stock was bought at an average cost of $16.07 per share, with a total value of $40,175.00. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 756,418 shares of company stock valued at $10,901,466.
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Viper Energy Partners LP (NASDAQ VNOM) opened at 17.05 on Wednesday. The company has a 50 day moving average price of $16.99 and a 200 day moving average price of $17.10. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 22.55 and a beta of 0.96. Viper Energy Partners LP has a 52 week low of $13.53 and a 52 week high of $19.38.
Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas producer reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. The firm had revenue of $36.62 million during the quarter, compared to the consensus estimate of $35.79 million. Viper Energy Partners had a net margin of 58.60% and a return on equity of 11.19%. Analysts expect that Viper Energy Partners LP will post $0.91 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 17th were given a $0.332 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.33 dividend on an annualized basis and a yield of 7.79%. This is an increase from Viper Energy Partners’s previous quarterly dividend of $0.30. Viper Energy Partners’s dividend payout ratio (DPR) is presently 175.00%.
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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