Viper Energy Partners (NASDAQ:VNOM – Get Rating) will release its earnings data after the market closes on Monday, August 1st. Analysts expect Viper Energy Partners to post earnings of $0.66 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Viper Energy Partners (NASDAQ:VNOM – Get Rating) last issued its earnings results on Monday, May 2nd. The oil and gas producer reported $0.23 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.10). The firm had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $173.84 million. Viper Energy Partners had a return on equity of 3.22% and a net margin of 12.72%. During the same period in the previous year, the firm earned ($0.08) earnings per share. On average, analysts expect Viper Energy Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Viper Energy Partners Trading Down 0.7%
Shares of VNOM opened at $26.84 on Monday. The stock has a market capitalization of $4.50 billion, a P/E ratio of 25.56 and a beta of 2.10. Viper Energy Partners has a twelve month low of $16.49 and a twelve month high of $35.85. The company has a quick ratio of 3.68, a current ratio of 3.68 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $29.23 and a two-hundred day simple moving average of $28.83.
Viper Energy Partners Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 19th. Stockholders of record on Thursday, May 12th were issued a dividend of $0.67 per share. This is a positive change from Viper Energy Partners’ previous quarterly dividend of $0.47. This represents a $2.68 dividend on an annualized basis and a dividend yield of 9.99%. The ex-dividend date was Wednesday, May 11th. Viper Energy Partners’s dividend payout ratio is currently 255.24%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on VNOM. Raymond James boosted their price target on Viper Energy Partners from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, April 25th. StockNews.com downgraded Viper Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, July 15th. KeyCorp raised their price target on Viper Energy Partners from $28.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, April 11th. Trust Financial boosted their objective price on shares of Viper Energy Partners from $40.00 to $45.00 in a research report on Thursday, April 21st. Finally, Piper Sandler dropped their target price on shares of Viper Energy Partners from $39.00 to $37.00 in a research report on Friday. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Viper Energy Partners presently has a consensus rating of “Moderate Buy” and an average price target of $37.00.
Insider Buying and Selling at Viper Energy Partners
In related news, major shareholder Holdings LP Blackstone III sold 9,550 shares of the business’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $34.02, for a total transaction of $324,891.00. Following the sale, the insider now owns 1,152,185 shares of the company’s stock, valued at $39,197,333.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 130,495 shares of company stock valued at $4,462,788. 0.30% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership grew its stake in shares of Viper Energy Partners by 92.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 175,415 shares of the oil and gas producer’s stock worth $5,187,000 after acquiring an additional 84,433 shares during the last quarter. JPMorgan Chase & Co. its position in Viper Energy Partners grew by 88.1% during the 1st quarter. JPMorgan Chase & Co. Now owns 148,739 shares of the oil and gas producer’s stock valued at $4,397,000 after purchasing an additional 69,651 shares during the last quarter. State Street Corp increased its stake in Viper Energy Partners by 61.3% during the 1st quarter. State Street Corp now owns 123,861 shares of the oil and gas producer’s stock valued at $3,663,000 after purchasing an additional 47,058 shares in the last quarter. Vanguard Group Inc. its raised holdings in Viper Energy Partners by 11.1% in the first quarter. Vanguard Group Inc. Now owns 392,426 shares of the oil and gas producer’s stock worth $11,604,000 after buying an additional 39,075 during the last quarter. Finally, BlackRock Inc. its raised holdings in Viper Energy Partners by 22.2% in the first quarter. BlackRock Inc. Now owns 191,522 shares of the oil and gas producer’s stock worth $5,664,000 after buying an additional 34,839 during the last quarter. Institutional investors own 47.03% of the company’s stock.
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, 2021, it had mineral interests in 27,027 net royalty in the Permian Basin and Eagle Ford Shale; and estimated proved oil and natural gas reserves of 127,888 thousand barrels of crude oil equivalent.
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