Raymond James Financial Services Advisors Inc. Grows Holdings in Viper Energy Partners LP (VNOM)

Raymond James Financial Services Advisors Inc. grew its holdings in Viper Energy Partners LP (NASDAQ:VNOM) by 42.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,089 shares of the oil and gas producer’s stock after purchasing an additional 8,318 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Viper Energy Partners were worth $524,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VNOM. Scholtz & Company LLC increased its holdings in shares of Viper Energy Partners by 0.9% during the 2nd quarter. Scholtz & Company LLC now owns 69,345 shares of the oil and gas producer’s stock worth $1,089,000 after buying an additional 625 shares during the last quarter. Williams Jones & Associates LLC increased its holdings in shares of Viper Energy Partners by 74.3% during the 2nd quarter. Williams Jones & Associates LLC now owns 236,075 shares of the oil and gas producer’s stock worth $3,706,000 after buying an additional 100,600 shares during the last quarter. Virtu KCG Holdings LLC increased its holdings in shares of Viper Energy Partners by 77.4% during the 2nd quarter. Virtu KCG Holdings LLC now owns 19,160 shares of the oil and gas producer’s stock worth $301,000 after buying an additional 8,357 shares during the last quarter. FMR LLC increased its holdings in shares of Viper Energy Partners by 26.2% during the 2nd quarter. FMR LLC now owns 1,455,100 shares of the oil and gas producer’s stock worth $22,845,000 after buying an additional 302,400 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Viper Energy Partners in the 2nd quarter valued at approximately $1,664,000. 27.14% of the stock is currently owned by institutional investors and hedge funds.

VNOM has been the subject of several research reports. Zacks Investment Research downgraded shares of Viper Energy Partners from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Northland Securities reiterated a “buy” rating and issued a $24.00 target price on shares of Viper Energy Partners in a report on Tuesday, September 5th. UBS began coverage on shares of Viper Energy Partners in a research note on Monday, October 2nd. They issued a “neutral” rating and a $18.00 price target for the company. SunTrust Banks began coverage on shares of Viper Energy Partners in a research note on Wednesday, November 29th. They issued a “buy” rating for the company. Finally, Stifel Nicolaus restated a “buy” rating and issued a $20.00 price target on shares of Viper Energy Partners in a research note on Sunday, September 10th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $22.27.

Shares of Viper Energy Partners LP (NASDAQ:VNOM) opened at $21.71 on Wednesday. The stock has a market cap of $2,447.32, a price-to-earnings ratio of 24.42, a PEG ratio of 1.48 and a beta of 1.06. Viper Energy Partners LP has a 1 year low of $14.76 and a 1 year high of $22.30. The company has a debt-to-equity ratio of 0.04, a quick ratio of 8.92 and a current ratio of 8.92.

Viper Energy Partners (NASDAQ:VNOM) last released its quarterly earnings data on Tuesday, October 24th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The business had revenue of $42.21 million during the quarter, compared to analysts’ expectations of $40.88 million. Viper Energy Partners had a net margin of 60.87% and a return on equity of 12.08%. The company’s revenue for the quarter was up 111.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 EPS. research analysts anticipate that Viper Energy Partners LP will post 0.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were given a dividend of $0.337 per share. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.33. This represents a $1.35 annualized dividend and a dividend yield of 6.21%. The ex-dividend date of this dividend was Monday, November 6th. Viper Energy Partners’s payout ratio is 153.41%.

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About Viper Energy Partners

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.

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

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