Scholtz & Company LLC lessened its stake in Viper Energy Partners LP (NASDAQ:VNOM) by 48.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 95,440 shares of the oil and gas producer’s stock after selling 88,145 shares during the quarter. Viper Energy Partners accounts for about 2.2% of Scholtz & Company LLC’s holdings, making the stock its 18th biggest position. Scholtz & Company LLC owned approximately 0.08% of Viper Energy Partners worth $2,485,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. FIL Ltd raised its stake in Viper Energy Partners by 2.9% during the 3rd quarter. FIL Ltd now owns 102,949 shares of the oil and gas producer’s stock valued at $4,334,000 after purchasing an additional 2,934 shares during the last quarter. Price Capital Management Inc. acquired a new position in Viper Energy Partners during the 3rd quarter valued at $131,000. Brasada Capital Management LP raised its stake in Viper Energy Partners by 5.2% during the 3rd quarter. Brasada Capital Management LP now owns 83,166 shares of the oil and gas producer’s stock valued at $3,501,000 after purchasing an additional 4,100 shares during the last quarter. Lee Financial Co raised its stake in Viper Energy Partners by 19.4% during the 3rd quarter. Lee Financial Co now owns 27,320 shares of the oil and gas producer’s stock valued at $1,150,000 after purchasing an additional 4,445 shares during the last quarter. Finally, Penn Capital Management Co. Inc. acquired a new position in Viper Energy Partners during the 3rd quarter valued at $213,000. 29.83% of the stock is owned by institutional investors.
In related news, President Hof Matthew Kaes Van’t sold 5,000 shares of Viper Energy Partners stock in a transaction that occurred on Thursday, December 20th. The shares were sold at an average price of $25.76, for a total transaction of $128,800.00. Following the transaction, the president now owns 52,673 shares of the company’s stock, valued at approximately $1,356,856.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by company insiders.
A number of equities analysts have recently issued reports on VNOM shares. Oppenheimer restated a “buy” rating on shares of Viper Energy Partners in a research note on Monday, October 29th. Credit Suisse Group increased their price objective on shares of Viper Energy Partners from $39.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, October 30th. ValuEngine cut shares of Viper Energy Partners from a “buy” rating to a “hold” rating in a research report on Thursday, December 6th. Ifs Securities assumed coverage on shares of Viper Energy Partners in a research report on Monday, October 29th. They set a “strong-buy” rating for the company. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $44.00 target price on shares of Viper Energy Partners in a research report on Monday, November 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Viper Energy Partners has an average rating of “Buy” and a consensus target price of $43.91.
Shares of NASDAQ:VNOM opened at $34.28 on Thursday. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 31.74 and a beta of 1.31. The company has a debt-to-equity ratio of 0.23, a quick ratio of 13.32 and a current ratio of 13.32. Viper Energy Partners LP has a 12 month low of $21.51 and a 12 month high of $44.00.
Viper Energy Partners (NASDAQ:VNOM) last issued its earnings results on Tuesday, February 5th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.17). The business had revenue of $73.67 million during the quarter, compared to the consensus estimate of $81.53 million. Viper Energy Partners had a net margin of 49.62% and a return on equity of 7.06%. During the same period last year, the business posted $0.37 EPS. Analysts expect that Viper Energy Partners LP will post 0.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, February 25th. Stockholders of record on Tuesday, February 19th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 5.95%. The ex-dividend date of this dividend is Friday, February 15th. Viper Energy Partners’s dividend payout ratio (DPR) is presently 214.81%.
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Viper Energy Partners Profile
Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. The company holds mineral interests covering an area of approximately 43,843 net acres in the Permian Basin, West Texas. As of December 31, 2017, its estimated proved oil and natural gas reserves consisted of 38,246 thousand barrels of crude oil equivalent.
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