FMR LLC boosted its holdings in Viper Energy Partners LP (NASDAQ:VNOM) by 14.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,117,055 shares of the oil and gas producer’s stock after buying an additional 528,497 shares during the quarter. FMR LLC owned approximately 3.05% of Viper Energy Partners worth $136,522,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of VNOM. Cullen Frost Bankers Inc. purchased a new position in Viper Energy Partners in the first quarter valued at $50,000. Capital Investment Advisory Services LLC purchased a new position in shares of Viper Energy Partners during the first quarter worth about $60,000. PNC Financial Services Group Inc. purchased a new position in shares of Viper Energy Partners during the fourth quarter worth about $76,000. Belpointe Asset Management LLC purchased a new position in shares of Viper Energy Partners during the first quarter worth about $138,000. Finally, Baldwin Brothers Inc. MA purchased a new position in shares of Viper Energy Partners during the first quarter worth about $157,000. 38.91% of the stock is currently owned by hedge funds and other institutional investors.
In other news, President Hof Matthew Kaes Van’t sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $31.65, for a total value of $79,125.00. Following the completion of the sale, the president now directly owns 42,124 shares of the company’s stock, valued at approximately $1,333,224.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.30% of the stock is owned by corporate insiders.
Shares of VNOM traded down $0.18 during mid-day trading on Thursday, reaching $30.22. 418,010 shares of the company’s stock were exchanged, compared to its average volume of 495,645. The company has a debt-to-equity ratio of 0.10, a quick ratio of 20.09 and a current ratio of 20.09. The stock’s 50-day simple moving average is $29.37. Viper Energy Partners LP has a 52-week low of $22.76 and a 52-week high of $44.00. The company has a market cap of $4.08 billion, a P/E ratio of 27.98 and a beta of 1.38.
Viper Energy Partners (NASDAQ:VNOM) last issued its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.05). Viper Energy Partners had a return on equity of 2.33% and a net margin of 46.62%. The business had revenue of $61.59 million for the quarter, compared to analysts’ expectations of $68.04 million. During the same period last year, the business earned $0.38 earnings per share. On average, equities research analysts predict that Viper Energy Partners LP will post 0.41 EPS for the current fiscal year.
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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