Short Interest in Viper Energy Partners LP (NASDAQ:VNOM) Rises By 20.6%

Viper Energy Partners LP (NASDAQ:VNOM) was the recipient of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 826,700 shares, an increase of 20.6% from the July 31st total of 685,700 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average trading volume of 376,200 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Investors Weigh In On Viper Energy Partners

Large investors have recently modified their holdings of the stock. Eagle Global Advisors LLC boosted its stake in shares of Viper Energy Partners by 32.6% during the 4th quarter. Eagle Global Advisors LLC now owns 56,700 shares of the oil and gas producer’s stock worth $1,802,000 after acquiring an additional 13,953 shares in the last quarter. Canoe Financial LP bought a new stake in shares of Viper Energy Partners during the 1st quarter worth $9,800,000. Pacific Heights Asset Management LLC bought a new stake in shares of Viper Energy Partners during the 1st quarter worth $1,400,000. Boston Partners boosted its stake in shares of Viper Energy Partners by 7.4% during the 4th quarter. Boston Partners now owns 1,893,480 shares of the oil and gas producer’s stock worth $60,012,000 after acquiring an additional 131,009 shares in the last quarter. Finally, Sentry Investment Management LLC boosted its position in shares of Viper Energy Partners by 252.2% in the fourth quarter. Sentry Investment Management LLC now owns 5,793 shares of the oil and gas producer’s stock worth $184,000 after buying an additional 4,148 shares during the period. 37.34% of the stock is owned by institutional investors.

Viper Energy Partners Stock Up 0.6 %

Shares of VNOM stock opened at $28.02 on Wednesday. Viper Energy Partners has a 1 year low of $24.48 and a 1 year high of $36.10. The stock has a market cap of $4.53 billion, a PE ratio of 12.51 and a beta of 1.90. The business’s fifty day moving average is $26.92 and its 200-day moving average is $27.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.77 and a current ratio of 3.77.

Viper Energy Partners (NASDAQ:VNOM) last released its quarterly earnings data on Monday, July 31st. The oil and gas producer reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.26. The business had revenue of $160.79 million during the quarter, compared to analyst estimates of $159.57 million. Viper Energy Partners had a return on equity of 7.26% and a net margin of 21.93%. Equities analysts expect that Viper Energy Partners will post 1.65 earnings per share for the current fiscal year.

Viper Energy Partners Cuts Dividend

The business also recently disclosed a None dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 10th were paid a dividend of $0.09 per share. This represents a dividend yield of 1.33%. The ex-dividend date of this dividend was Wednesday, August 9th. Viper Energy Partners’s dividend payout ratio is presently 48.21%.

Wall Street Analyst Weigh In

VNOM has been the topic of several analyst reports. Stifel Nicolaus lowered their target price on Viper Energy Partners from $33.00 to $32.00 in a research report on Monday, May 22nd. Evercore ISI raised their target price on Viper Energy Partners from $34.00 to $35.00 in a research report on Friday, July 21st. Truist Financial raised their target price on Viper Energy Partners from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Piper Sandler raised their target price on Viper Energy Partners from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, August 14th. Finally, StockNews.com cut Viper Energy Partners from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

About Viper Energy Partners