Teacher Retirement System of Texas grew its holdings in Viper Energy Partners LP (NASDAQ:VNOM – Get Rating) by 9.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,244 shares of the oil and gas producer’s stock after purchasing an additional 1,040 shares during the period. Teacher Retirement System of Texas’ holdings in Viper Energy Partners were worth $362,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in VNOM. Rockefeller Capital Management L.P. increased its holdings in shares of Viper Energy Partners by 14.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 6,266 shares of the oil and gas producer’s stock valued at $133,000 after purchasing an additional 788 shares during the period. Ensign Peak Advisors Inc acquired a new position in shares of Viper Energy Partners in the 4th quarter valued at about $138,000. CIBC Asset Management Inc bought a new stake in shares of Viper Energy Partners in the 1st quarter valued at approximately $207,000. Regentatlantic Capital LLC bought a new stake in shares of Viper Energy Partners in the 1st quarter valued at approximately $215,000. Finally, BTC Capital Management Inc. bought a new stake in shares of Viper Energy Partners in the 4th quarter valued at approximately $298,000. Institutional investors and hedge funds own 47.03% of the company’s stock.
Viper Energy Partners Stock Down 0.4 %
Shares of VNOM stock opened at $32.34 on Friday. Viper Energy Partners LP has a 12 month low of $17.80 and a 12 month high of $35.85. The firm has a market cap of $5.37 billion, a PE ratio of 22.77 and a beta of 2.07. The stock has a 50 day moving average of $28.23 and a 200-day moving average of $29.40. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 0.30.
Viper Energy Partners (NASDAQ:VNOM – Get Rating) last issued its quarterly earnings results on Monday, August 1st. The oil and gas producer reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. Viper Energy Partners had a return on equity of 4.34% and a net margin of 14.55%. The company had revenue of $239.32 million during the quarter, compared to analyst estimates of $219.91 million. During the same period in the previous year, the company earned $0.09 earnings per share. The company’s quarterly revenue was up 109.7% compared to the same quarter last year. On average, equities analysts predict that Viper Energy Partners LP will post 1.46 EPS for the current year.
Viper Energy Partners Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 23rd. Investors of record on Tuesday, August 16th were paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 10.02%. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.67. The ex-dividend date was Monday, August 15th. Viper Energy Partners’s dividend payout ratio is presently 228.17%.
Analyst Ratings Changes
VNOM has been the subject of several recent research reports. Credit Suisse Group boosted their price target on Viper Energy Partners to $37.00 in a research note on Tuesday, August 9th. Piper Sandler lowered their price target on Viper Energy Partners from $39.00 to $37.00 in a research note on Friday, July 22nd. Barclays boosted their price target on Viper Energy Partners from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, June 14th. TD Securities upped their target price on Viper Energy Partners from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Finally, TheStreet raised Viper Energy Partners from a “c+” rating to a “b-” rating in a research report on Thursday, August 18th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Viper Energy Partners presently has a consensus rating of “Moderate Buy” and an average target price of $37.22.
Insider Activity at Viper Energy Partners
In related news, major shareholder Holdings L.P. Blackstone III sold 41,500 shares of the company’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $32.94, for a total value of $1,367,010.00. Following the completion of the transaction, the insider now directly owns 898,993 shares in the company, valued at $29,612,829.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 213,495 shares of company stock worth $7,196,808. 0.30% of the stock is owned by corporate insiders.
About Viper Energy Partners
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 acres 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.
Receive News & Ratings for Viper Energy Partners Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Viper Energy Partners and related companies with MarketBeat.com’s FREE daily email newsletter.