Viper Energy Partners LP (NASDAQ:VNOM) Receives Consensus Rating of “Buy” from Analysts

Viper Energy Partners LP (NASDAQ:VNOM) has been given a consensus recommendation of “Buy” by the eight analysts that are presently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $37.69.

Several research analysts recently issued reports on the stock. Raymond James increased their price target on shares of Viper Energy Partners from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 6th. Truist Financial raised their price objective on shares of Viper Energy Partners from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. StockNews.com lowered shares of Viper Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Stifel Nicolaus raised their price objective on shares of Viper Energy Partners from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Piper Sandler raised their price objective on shares of Viper Energy Partners from $34.00 to $38.00 in a report on Wednesday, September 6th.

Hedge Funds Weigh In On Viper Energy Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in Viper Energy Partners by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 62,727 shares of the oil and gas producer’s stock valued at $1,994,000 after acquiring an additional 360 shares during the last quarter. Integrated Advisors Network LLC boosted its stake in Viper Energy Partners by 1.4% in the first quarter. Integrated Advisors Network LLC now owns 30,431 shares of the oil and gas producer’s stock valued at $852,000 after acquiring an additional 431 shares during the last quarter. BTC Capital Management Inc. boosted its stake in Viper Energy Partners by 4.8% in the first quarter. BTC Capital Management Inc. now owns 14,126 shares of the oil and gas producer’s stock valued at $394,000 after acquiring an additional 651 shares during the last quarter. Creative Planning boosted its stake in Viper Energy Partners by 5.5% in the fourth quarter. Creative Planning now owns 15,262 shares of the oil and gas producer’s stock valued at $485,000 after acquiring an additional 800 shares during the last quarter. Finally, CWM LLC boosted its stake in Viper Energy Partners by 128.2% in the second quarter. CWM LLC now owns 1,483 shares of the oil and gas producer’s stock valued at $40,000 after acquiring an additional 833 shares during the last quarter. 37.34% of the stock is owned by institutional investors.

Viper Energy Partners Stock Performance

NASDAQ:VNOM opened at $28.86 on Monday. Viper Energy Partners has a 12-month low of $24.48 and a 12-month high of $36.10. The company has a quick ratio of 3.77, a current ratio of 3.77 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $4.66 billion, a PE ratio of 12.88 and a beta of 1.86. The firm has a 50-day moving average price of $27.33 and a 200 day moving average price of $27.54.

Viper Energy Partners (NASDAQ:VNOM) last posted its quarterly earnings results on Monday, July 31st. The oil and gas producer reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.26. Viper Energy Partners had a net margin of 21.93% and a return on equity of 7.26%. The firm had revenue of $160.79 million during the quarter, compared to analyst estimates of $159.57 million. Research analysts anticipate that Viper Energy Partners will post 1.86 earnings per share for the current fiscal year.

Viper Energy Partners Cuts Dividend

The business also recently declared 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. The ex-dividend date was Wednesday, August 9th. This represents a dividend yield of 1.33%. Viper Energy Partners’s dividend payout ratio (DPR) is currently 48.21%.

About Viper Energy Partners