Russell Investments Group Ltd. Grows Position in Viper Energy Partners LP (VNOM)

Russell Investments Group Ltd. raised its position in Viper Energy Partners LP (NASDAQ:VNOM) by 126.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 38,903 shares of the oil and gas producer’s stock after acquiring an additional 21,707 shares during the quarter. Russell Investments Group Ltd.’s holdings in Viper Energy Partners were worth $1,637,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. FMR LLC increased its stake in shares of Viper Energy Partners by 7.6% in the second quarter. FMR LLC now owns 3,068,984 shares of the oil and gas producer’s stock valued at $97,932,000 after purchasing an additional 217,580 shares during the period. Kayne Anderson Capital Advisors LP raised its position in Viper Energy Partners by 31.9% during the second quarter. Kayne Anderson Capital Advisors LP now owns 1,969,595 shares of the oil and gas producer’s stock worth $62,843,000 after acquiring an additional 476,000 shares in the last quarter. Raymond James & Associates raised its position in Viper Energy Partners by 911.9% during the second quarter. Raymond James & Associates now owns 1,352,117 shares of the oil and gas producer’s stock worth $43,146,000 after acquiring an additional 1,218,494 shares in the last quarter. Millennium Management LLC raised its position in Viper Energy Partners by 2,165.2% during the second quarter. Millennium Management LLC now owns 491,569 shares of the oil and gas producer’s stock worth $15,686,000 after acquiring an additional 469,868 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in Viper Energy Partners by 66,794.9% during the second quarter. Toronto Dominion Bank now owns 368,591 shares of the oil and gas producer’s stock worth $11,761,000 after acquiring an additional 368,040 shares in the last quarter. Institutional investors own 29.74% of the company’s stock.

In other news, President Hof Matthew Kaes Van’t sold 14,800 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $38.71, for a total value of $572,908.00. Following the sale, the president now directly owns 72,473 shares in the company, valued at approximately $2,805,429.83. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael L. Hollis purchased 3,000 shares of Viper Energy Partners stock in a transaction dated Thursday, November 1st. The stock was bought at an average price of $33.68 per share, for a total transaction of $101,040.00. The disclosure for this purchase can be found here. Corporate insiders own 0.30% of the company’s stock.



Shares of Viper Energy Partners stock opened at $28.76 on Thursday. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 26.88 and a beta of 1.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 13.32 and a current ratio of 13.32. Viper Energy Partners LP has a 12-month low of $20.75 and a 12-month high of $44.00.

Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, October 29th. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.36). The firm had revenue of $78.60 million for the quarter, compared to analyst estimates of $78.65 million. Viper Energy Partners had a return on equity of 10.95% and a net margin of 67.73%. The company’s quarterly revenue was up 84.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 earnings per share. On average, analysts predict that Viper Energy Partners LP will post 1.28 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Shareholders of record on Monday, November 12th were paid a dividend of $0.58 per share. The ex-dividend date was Thursday, November 8th. This represents a $2.32 dividend on an annualized basis and a yield of 8.07%. Viper Energy Partners’s payout ratio is 216.82%.

Several equities analysts have recently weighed in on the stock. Piper Jaffray Companies began coverage on shares of Viper Energy Partners in a research report on Friday, September 28th. They issued an “overweight” rating on the stock. Zacks Investment Research raised shares of Viper Energy Partners from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Wednesday, September 26th. BidaskClub raised shares of Viper Energy Partners from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 20th. Oppenheimer reaffirmed a “buy” rating on shares of Viper Energy Partners in a research report on Monday, October 29th. Finally, Credit Suisse Group increased their price objective on shares of Viper Energy Partners from $39.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 30th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $42.15.

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About Viper Energy Partners

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. The company holds mineral interests covering an area of approximately 43,843 net acres in the Permian Basin, West Texas. As of December 31, 2017, its estimated proved oil and natural gas reserves consisted of 38,246 thousand barrels of crude oil equivalent.

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

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