Fmr LLC grew its position in Viper Energy Partners LP (NASDAQ:VNOM) by 26.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,455,100 shares of the oil and gas producer’s stock after buying an additional 302,400 shares during the period. Fmr LLC owned 1.49% of Viper Energy Partners worth $22,845,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. bought a new stake in shares of Viper Energy Partners in the 1st quarter valued at about $121,000. Creative Planning boosted its holdings 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 valued at $207,000 after buying an additional 12,155 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Viper Energy Partners in the 1st quarter valued at about $235,000. Credit Suisse AG bought a new stake in shares of Viper Energy Partners in the 1st quarter valued at about $270,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Viper Energy Partners in the 1st quarter valued at about $281,000. Institutional investors and hedge funds own 15.64% of the company’s stock.
Viper Energy Partners LP (NASDAQ:VNOM) opened at 18.16 on Tuesday. The company has a 50 day moving average of $18.29 and a 200 day moving average of $17.24. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 24.02 and a beta of 0.99. Viper Energy Partners LP has a 12 month low of $13.53 and a 12 month high of $19.83.
Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas producer reported $0.23 earnings per share (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 return on equity of 11.19% and a net margin of 58.60%. On average, equities analysts predict that Viper Energy Partners LP will post $0.94 EPS for the current year.
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 have recently weighed in on the stock. Northland Securities restated a “buy” rating and issued a $24.00 price target on shares of Viper Energy Partners in a report on Thursday, October 12th. Imperial Capital restated an “in-line” rating and issued a $23.00 price target (up from $21.00) on shares of Viper Energy Partners in a report on Wednesday, October 4th. Barclays PLC set a $20.00 price target on shares of Viper Energy Partners and gave the company a “buy” rating in a report on Monday, October 16th. UBS AG initiated coverage on shares of Viper Energy Partners in a research report on Monday, October 2nd. They issued a “neutral” rating and a $18.00 price objective for the company. Finally, Zacks Investment Research raised shares of Viper Energy Partners from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $21.18.
Viper Energy Partners 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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