Boston Partners Cuts Stake in Viper Energy Partners LP (VNOM)

Boston Partners cut its position in Viper Energy Partners LP (NASDAQ:VNOM) by 29.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,496,750 shares of the oil and gas producer’s stock after selling 630,600 shares during the period. Boston Partners’ holdings in Viper Energy Partners were worth $34,919,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in VNOM. FMR LLC increased its holdings in shares of Viper Energy Partners by 26.2% in the second quarter. FMR LLC now owns 1,455,100 shares of the oil and gas producer’s stock valued at $22,845,000 after purchasing an additional 302,400 shares during the period. Virtu KCG Holdings LLC increased its holdings in shares of Viper Energy Partners by 77.4% in the second quarter. Virtu KCG Holdings LLC now owns 19,160 shares of the oil and gas producer’s stock valued at $301,000 after purchasing an additional 8,357 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Viper Energy Partners by 9.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 19,771 shares of the oil and gas producer’s stock valued at $310,000 after purchasing an additional 1,726 shares during the period. Penserra Capital Management LLC acquired a new position in shares of Viper Energy Partners in the third quarter valued at about $106,000. Finally, Alps Advisors Inc. acquired a new position in shares of Viper Energy Partners in the third quarter valued at about $514,000. 26.95% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on VNOM. Zacks Investment Research lowered Viper Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. ValuEngine raised Viper Energy Partners from a “hold” rating to a “buy” rating in a report on Thursday. Deutsche Bank initiated coverage on Viper Energy Partners in a report on Thursday, February 1st. They issued a “buy” rating and a $27.00 price objective on the stock. SunTrust Banks restated a “buy” rating and issued a $32.00 target price on shares of Viper Energy Partners in a research note on Tuesday. Finally, BidaskClub upgraded Viper Energy Partners from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Viper Energy Partners currently has a consensus rating of “Buy” and an average price target of $25.29.

Shares of Viper Energy Partners LP (VNOM) opened at $23.14 on Thursday. Viper Energy Partners LP has a one year low of $14.76 and a one year high of $26.19. The company has a quick ratio of 8.92, a current ratio of 8.92 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2,640.00, a PE ratio of 22.04, a PEG ratio of 1.18 and a beta of 1.05.

Viper Energy Partners (NASDAQ:VNOM) last issued its earnings results on Tuesday, February 6th. The oil and gas producer reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.10. Viper Energy Partners had a return on equity of 12.08% and a net margin of 60.87%. The firm had revenue of $59.20 million for the quarter, compared to the consensus estimate of $51.28 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. The company’s revenue was up 112.2% compared to the same quarter last year. research analysts expect that Viper Energy Partners LP will post 0.97 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Boston Partners Cuts Stake in Viper Energy Partners LP (VNOM)” was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece of content can be accessed at https://sportsperspectives.com/2018/02/08/boston-partners-cuts-stake-in-viper-energy-partners-lp-vnom.html.

Viper Energy Partners Company Profile

Viper Energy Partners LP is engaged in owning, acquiring and exploiting oil and natural gas properties in North America. The Company’s assets are located in the Permian Basin of West Texas. As of December 31, 2016, the Permian Basin consisted of approximately 85,000 square miles. As of December 31, 2016, its assets consisted of mineral interests underlying 107,568 gross acres in the Permian Basin.

Want to see what other hedge funds are holding VNOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viper Energy Partners LP (NASDAQ:VNOM).

Institutional Ownership by Quarter for Viper Energy Partners (NASDAQ:VNOM)

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.

Latest News

Leave a Reply