Viper Energy Partners LP (NASDAQ:VNOM – Get Rating) major shareholder Holdings L.P. Blackstone III sold 6,692 shares of the business’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $35.05, for a total transaction of $234,554.60. Following the sale, the insider now directly owns 1,070,493 shares in the company, valued at approximately $37,520,779.65. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Holdings L.P. Blackstone III also recently made the following trade(s):

• On Thursday, June 2nd, Holdings L.P. Blackstone III sold 9,550 shares of Viper Energy Partners stock. The shares were sold at an average price of $34.02, for a total transaction of $324,891.00.
• On Tuesday, May 31st, Holdings L.P. Blackstone III sold 64,253 shares of Viper Energy Partners stock. The shares were sold at an average price of $33.21, for a total transaction of $2,133,842.13.
• On Thursday, April 21st, Holdings L.P. Blackstone III sold 5,643 shares of Viper Energy Partners stock. The stock was sold at an average price of $32.13, for a total transaction of $181,309.59.
• On Tuesday, April 19th, Holdings L.P. Blackstone III sold 20,000 shares of Viper Energy Partners stock. The stock was sold at an average price of $31.37, for a total transaction of $627,400.00.
• On Thursday, April 14th, Holdings L.P. Blackstone III sold 32,000 shares of Viper Energy Partners stock. The shares were sold at an average price of $31.55, for a total transaction of $1,009,600.00.
• On Tuesday, April 12th, Holdings L.P. Blackstone III sold 2,168 shares of Viper Energy Partners stock. The shares were sold at an average price of $31.09, for a total transaction of $67,403.12.
• On Thursday, April 7th, Holdings L.P. Blackstone III sold 15,000 shares of Viper Energy Partners stock. The shares were sold at an average price of $31.24, for a total transaction of $468,600.00.
• On Tuesday, April 5th, Holdings L.P. Blackstone III sold 48,000 shares of Viper Energy Partners stock. The shares were sold at an average price of $30.80, for a total transaction of $1,478,400.00.
• On Friday, April 1st, Holdings L.P. Blackstone III sold 6,200 shares of Viper Energy Partners stock. The shares were sold at an average price of $30.06, for a total transaction of $186,372.00.
• On Friday, March 25th, Holdings L.P. Blackstone III sold 45,000 shares of Viper Energy Partners stock. The shares were sold at an average price of $31.31, for a total transaction of $1,408,950.00.

VNOM stock traded down $0.25 during mid-day trading on Wednesday, hitting $35.14. 428,566 shares of the company were exchanged, compared to its average volume of 620,945. The company has a quick ratio of 3.68, a current ratio of 3.68 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $5.89 billion, a P/E ratio of 33.56 and a beta of 2.07. The business has a fifty day simple moving average of $30.61 and a 200-day simple moving average of $27.38. Viper Energy Partners LP has a 12-month low of $15.98 and a 12-month high of $35.85.

Viper Energy Partners (NASDAQ:VNOM – Get Rating) last issued its quarterly earnings results on Monday, May 2nd. The oil and gas producer reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.03). Viper Energy Partners had a return on equity of 3.22% and a net margin of 12.72%. During the same quarter last year, the firm posted ($0.08) EPS. Research analysts predict that Viper Energy Partners LP will post 1.68 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 19th. Stockholders of record on Thursday, May 12th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 7.63%. The ex-dividend date was Wednesday, May 11th. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.47. Viper Energy Partners’s dividend payout ratio is currently 255.24%.

A number of brokerages recently issued reports on VNOM. Piper Sandler upped their price objective on shares of Viper Energy Partners to $39.00 and gave the company a “na” rating in a report on Wednesday, May 18th. TD Securities upped their price objective on shares of Viper Energy Partners from $34.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, May 3rd. Barclays upped their price objective on shares of Viper Energy Partners from $25.00 to $35.00 in a report on Thursday, April 28th. Truist Financial upped their price objective on shares of Viper Energy Partners from $40.00 to $45.00 in a report on Thursday, April 21st. Finally, StockNews.com began coverage on shares of Viper Energy Partners in a report on Thursday, March 31st. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Viper Energy Partners currently has an average rating of “Buy” and an average target price of $35.00.

Several institutional investors and hedge funds have recently modified their holdings of VNOM. Morgan Stanley lifted its position in shares of Viper Energy Partners by 20.1% during the second quarter. Morgan Stanley now owns 1,414,903 shares of the oil and gas producer’s stock worth $26,644,000 after purchasing an additional 237,242 shares in the last quarter. Citigroup Inc. raised its holdings in Viper Energy Partners by 30.6% in the third quarter. Citigroup Inc. now owns 3,919 shares of the oil and gas producer’s stock valued at $86,000 after acquiring an additional 919 shares in the last quarter. Natixis acquired a new stake in Viper Energy Partners in the third quarter valued at approximately $3,548,000. HighTower Advisors LLC acquired a new stake in Viper Energy Partners in the third quarter valued at approximately $305,000. Finally, Dark Forest Capital Management LP acquired a new stake in Viper Energy Partners in the third quarter valued at approximately $43,000. 47.03% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Partners Company Profile (Get Rating)

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2021, it had mineral interests in 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and estimated proved oil and natural gas reserves of 127,888 thousand barrels of crude oil equivalent.

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