Virtu Financial LLC Takes Position in Viper Energy Partners LP (NASDAQ:VNOM)

Virtu Financial LLC bought a new stake in Viper Energy Partners LP (NASDAQ:VNOM) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 29,475 shares of the oil and gas producer’s stock, valued at approximately $342,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VNOM. Cardinal Capital Management LLC CT increased its stake in Viper Energy Partners by 7.7% during the fourth quarter. Cardinal Capital Management LLC CT now owns 2,208,896 shares of the oil and gas producer’s stock worth $25,667,000 after purchasing an additional 157,206 shares during the period. Advisory Research Inc. acquired a new stake in shares of Viper Energy Partners during the fourth quarter worth $9,123,000. Morgan Stanley lifted its holdings in shares of Viper Energy Partners by 33.3% during the fourth quarter. Morgan Stanley now owns 668,468 shares of the oil and gas producer’s stock worth $7,767,000 after purchasing an additional 167,047 shares during the period. Stephens Investment Management Group LLC purchased a new position in Viper Energy Partners in the fourth quarter worth $7,631,000. Finally, Comerica Bank purchased a new position in Viper Energy Partners in the fourth quarter worth $7,493,000. 33.57% of the stock is currently owned by institutional investors.

NASDAQ:VNOM opened at $14.64 on Thursday. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of -6.10 and a beta of 2.64. Viper Energy Partners LP has a 1-year low of $6.52 and a 1-year high of $18.49. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The business’s fifty day moving average price is $16.00 and its 200 day moving average price is $12.29.

Viper Energy Partners (NASDAQ:VNOM) last issued its earnings results on Sunday, February 21st. The oil and gas producer reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.15. The company had revenue of $76.32 million for the quarter, compared to analyst estimates of $56.51 million. Viper Energy Partners had a positive return on equity of 0.67% and a negative net margin of 60.82%. The business’s revenue was down 17.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 EPS. Equities analysts forecast that Viper Energy Partners LP will post 0.16 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 11th. Investors of record on Thursday, March 4th were paid a dividend of $0.14 per share. This is an increase from Viper Energy Partners’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, March 3rd. This represents a $0.56 annualized dividend and a yield of 3.83%. Viper Energy Partners’s dividend payout ratio is presently 430.77%.

A number of research analysts have recently weighed in on VNOM shares. TD Securities raised their price target on Viper Energy Partners from $15.00 to $19.50 and gave the company a “buy” rating in a research report on Tuesday, February 23rd. KeyCorp raised their price target on Viper Energy Partners from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Monday, March 22nd. Siebert Williams Shank reissued a “hold” rating on shares of Viper Energy Partners in a research note on Friday, December 18th. Finally, Simmons raised Viper Energy Partners from a “neutral” rating to an “overweight” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $14.59.

Viper Energy Partners Company Profile

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2019, it had mineral interests in 24,304 net royalty acres in the Permian Basin and Eagle Ford Shale with estimated proved oil and natural gas reserves of 88,946 thousand barrels of crude oil equivalent.

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

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