Holdings L.P. Blackstone III Sells 20,000 Shares of Viper Energy Partners LP (NASDAQ:VNOM) Stock

Viper Energy Partners LP (NASDAQ:VNOMGet Rating) major shareholder Holdings L.P. Blackstone III sold 20,000 shares of Viper Energy Partners stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $31.37, for a total transaction of $627,400.00. Following the transaction, the insider now directly owns 12,564,631 shares of the company’s stock, valued at approximately $394,152,474.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Holdings L.P. Blackstone III also recently made the following trade(s):

  • On Thursday, April 14th, Holdings L.P. Blackstone III sold 32,000 shares of Viper Energy Partners stock. The shares were sold at an average price of $31.55, for a total value of $1,009,600.00.
  • On Tuesday, April 12th, Holdings L.P. Blackstone III sold 2,168 shares of Viper Energy Partners stock. The stock was sold at an average price of $31.09, for a total value of $67,403.12.
  • On Thursday, April 7th, Holdings L.P. Blackstone III sold 15,000 shares of Viper Energy Partners stock. The shares were sold at an average price of $31.24, for a total value of $468,600.00.
  • On Tuesday, April 5th, Holdings L.P. Blackstone III sold 48,000 shares of Viper Energy Partners stock. The shares were sold at an average price of $30.80, for a total transaction of $1,478,400.00.
  • On Friday, April 1st, Holdings L.P. Blackstone III sold 6,200 shares of Viper Energy Partners stock. The stock was sold at an average price of $30.06, for a total transaction of $186,372.00.
  • On Friday, March 25th, Holdings L.P. Blackstone III sold 45,000 shares of Viper Energy Partners stock. The shares were sold at an average price of $31.31, for a total transaction of $1,408,950.00.
  • On Monday, March 21st, Holdings L.P. Blackstone III sold 16,496 shares of Viper Energy Partners stock. The shares were sold at an average price of $30.07, for a total value of $496,034.72.
  • On Thursday, March 17th, Holdings L.P. Blackstone III sold 20,000 shares of Viper Energy Partners stock. The stock was sold at an average price of $29.67, for a total value of $593,400.00.
  • On Wednesday, March 2nd, Holdings L.P. Blackstone III sold 80,000 shares of Viper Energy Partners stock. The stock was sold at an average price of $29.89, for a total value of $2,391,200.00.
  • On Monday, February 28th, Holdings L.P. Blackstone III sold 210,000 shares of Viper Energy Partners stock. The shares were sold at an average price of $29.38, for a total transaction of $6,169,800.00.

Shares of NASDAQ:VNOM traded up $0.73 during midday trading on Wednesday, reaching $31.98. The company had a trading volume of 321,853 shares, compared to its average volume of 658,246. The stock has a market cap of $5.36 billion, a P/E ratio of 41.00 and a beta of 2.21. The company’s 50 day moving average price is $29.44 and its 200 day moving average price is $25.61. The company has a current ratio of 4.54, a quick ratio of 4.54 and a debt-to-equity ratio of 0.35. Viper Energy Partners LP has a 52-week low of $15.98 and a 52-week high of $32.22.

Viper Energy Partners (NASDAQ:VNOMGet Rating) last released its earnings results on Tuesday, February 22nd. The oil and gas producer reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.17. Viper Energy Partners had a net margin of 11.48% and a return on equity of 2.21%. The firm had revenue of $165.79 million for the quarter, compared to analysts’ expectations of $125.77 million. During the same period in the previous year, the company earned $0.12 earnings per share. The company’s quarterly revenue was up 117.2% on a year-over-year basis. Research analysts forecast that Viper Energy Partners LP will post 1.58 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 11th. Shareholders of record on Friday, March 4th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 5.88%. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, March 3rd. Viper Energy Partners’s dividend payout ratio is 241.03%.

VNOM has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of Viper Energy Partners from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, March 25th. Piper Sandler boosted their price objective on Viper Energy Partners from $32.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, April 7th. Truist Financial raised their target price on Viper Energy Partners from $35.00 to $40.00 in a report on Thursday, February 24th. Zacks Investment Research upgraded Viper Energy Partners from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a report on Wednesday, March 16th. Finally, TD Securities raised their price objective on Viper Energy Partners from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, February 23rd. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $31.89.

A number of large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its stake in shares of Viper Energy Partners by 0.6% in the third quarter. Wellington Management Group LLP now owns 9,305,450 shares of the oil and gas producer’s stock valued at $203,324,000 after buying an additional 52,959 shares during the period. Cardinal Capital Management LLC CT lifted its holdings in Viper Energy Partners by 2.0% during the fourth quarter. Cardinal Capital Management LLC CT now owns 2,836,074 shares of the oil and gas producer’s stock valued at $60,437,000 after purchasing an additional 55,660 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in Viper Energy Partners by 5.3% during the fourth quarter. Eagle Asset Management Inc. now owns 2,593,077 shares of the oil and gas producer’s stock valued at $56,010,000 after purchasing an additional 130,235 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Viper Energy Partners by 13.3% during the third quarter. Bank of New York Mellon Corp now owns 2,458,876 shares of the oil and gas producer’s stock worth $53,727,000 after purchasing an additional 289,370 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Viper Energy Partners by 4.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,407,639 shares of the oil and gas producer’s stock worth $51,307,000 after purchasing an additional 98,290 shares in the last quarter. 37.94% of the stock is owned by institutional investors and hedge funds.

About Viper Energy Partners (Get Rating)

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.

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