Hof Matthew Kaes Van’t Sells 2,300 Shares of Viper Energy Partners LP (VNOM) Stock

Viper Energy Partners LP (NASDAQ:VNOM) President Hof Matthew Kaes Van’t sold 2,300 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $33.51, for a total value of $77,073.00. Following the transaction, the president now directly owns 44,624 shares in the company, valued at approximately $1,495,350.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Hof Matthew Kaes Van’t also recently made the following trade(s):

  • On Thursday, December 20th, Hof Matthew Kaes Van’t sold 5,000 shares of Viper Energy Partners stock. The stock was sold at an average price of $25.76, for a total value of $128,800.00.

Shares of NASDAQ:VNOM traded down $0.14 during trading on Friday, reaching $33.64. 264,448 shares of the company traded hands, compared to its average volume of 677,843. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 31.15 and a beta of 1.32. The company has a debt-to-equity ratio of 0.33, a quick ratio of 10.84 and a current ratio of 10.84. Viper Energy Partners LP has a 52 week low of $22.35 and a 52 week high of $44.00.

Viper Energy Partners (NASDAQ:VNOM) last released its earnings results on Tuesday, February 5th. The oil and gas producer reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.17). The company had revenue of $73.67 million for 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 6.74%. During the same quarter in the previous year, the company posted $0.37 earnings per share. Research analysts predict that Viper Energy Partners LP will post 0.21 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, February 25th. Stockholders of record on Tuesday, February 19th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, February 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.06%. Viper Energy Partners’s dividend payout ratio (DPR) is currently 188.89%.

Several institutional investors have recently bought and sold shares of VNOM. Capital World Investors acquired a new position in shares of Viper Energy Partners during the 3rd quarter worth $166,610,000. CI Investments Inc. acquired a new position in shares of Viper Energy Partners during the 4th quarter worth $37,850,000. HITE Hedge Asset Management LLC raised its holdings in shares of Viper Energy Partners by 221.4% during the 4th quarter. HITE Hedge Asset Management LLC now owns 1,735,295 shares of the oil and gas producer’s stock worth $45,187,000 after buying an additional 1,195,378 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in shares of Viper Energy Partners during the 3rd quarter worth $49,279,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Viper Energy Partners by 571.0% during the 3rd quarter. Wells Fargo & Company MN now owns 1,226,697 shares of the oil and gas producer’s stock worth $51,644,000 after buying an additional 1,043,868 shares in the last quarter. 32.23% of the stock is owned by institutional investors.

VNOM has been the topic of several recent analyst reports. ValuEngine lowered Viper Energy Partners from a “buy” rating to a “hold” rating in a research report on Thursday, December 6th. Raymond James set a $52.00 price target on Viper Energy Partners and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $44.00 price target on shares of Viper Energy Partners in a research report on Monday, November 19th. BidaskClub lowered Viper Energy Partners from a “hold” rating to a “sell” rating in a report on Tuesday, December 25th. Finally, Citigroup set a $33.00 target price on Viper Energy Partners and gave the stock a “buy” rating in a report on Monday, December 17th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $43.09.

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Viper Energy Partners Company Profile

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2018, it had mineral interests in 14,841 net royalty acres in the Permian Basin and Eagle Ford Shale with estimated proved oil and natural gas reserves of 63,136 thousand barrels of crude oil equivalent.

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