GSA Capital Partners LLP cut its stake in Viper Energy Partners LP (NASDAQ:VNOM) by 86.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,560 shares of the oil and gas producer’s stock after selling 113,189 shares during the period. GSA Capital Partners LLP’s holdings in Viper Energy Partners were worth $560,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC raised its position in Viper Energy Partners by 75.5% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 13,250 shares of the oil and gas producer’s stock worth $423,000 after buying an additional 5,700 shares during the last quarter. Geneva Partners LLC purchased a new position in Viper Energy Partners during the 2nd quarter worth approximately $204,000. Kayne Anderson Capital Advisors LP raised its position in Viper Energy Partners by 31.9% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 1,969,595 shares of the oil and gas producer’s stock worth $62,843,000 after buying an additional 476,000 shares during the last quarter. SG Americas Securities LLC purchased a new position in Viper Energy Partners during the 2nd quarter worth approximately $2,872,000. Finally, Toronto Dominion Bank raised its position in Viper Energy Partners by 66,794.9% during the 2nd quarter. Toronto Dominion Bank now owns 368,591 shares of the oil and gas producer’s stock worth $11,761,000 after buying an additional 368,040 shares during the last quarter. Hedge funds and other institutional investors own 25.25% of the company’s stock.

In related news, President Hof Matthew Kaes Van’t sold 7,615 shares of Viper Energy Partners stock in a transaction on Friday, August 17th. The shares were sold at an average price of $38.58, for a total value of $293,786.70. Following the sale, the president now owns 64,873 shares of the company’s stock, valued at approximately $2,502,800.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is currently owned by company insiders.

VNOM has been the topic of a number of analyst reports. BidaskClub cut shares of Viper Energy Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 14th. TD Securities set a $44.00 price objective on shares of Viper Energy Partners and gave the stock a “buy” rating in a research note on Saturday, August 11th. Northland Securities set a $45.00 price objective on shares of Viper Energy Partners and gave the stock a “buy” rating in a research note on Thursday, August 16th. Raymond James raised their price objective on shares of Viper Energy Partners from $38.00 to $45.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 16th. Finally, Zacks Investment Research cut shares of Viper Energy Partners from a “buy” rating to a “hold” rating in a research note on Friday, August 24th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Viper Energy Partners currently has an average rating of “Buy” and an average price target of $36.64.

Shares of NASDAQ VNOM opened at $38.67 on Monday. The company has a market cap of $4.85 billion, a PE ratio of 36.14 and a beta of 1.02. Viper Energy Partners LP has a 12 month low of $17.15 and a 12 month high of $40.48. The company has a debt-to-equity ratio of 0.36, a quick ratio of 23.74 and a current ratio of 23.74.

Viper Energy Partners (NASDAQ:VNOM) last issued its quarterly earnings data on Wednesday, August 8th. The oil and gas producer reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.33. Viper Energy Partners had a net margin of 88.05% and a return on equity of 14.66%. The business had revenue of $75.41 million for the quarter, compared to analysts’ expectations of $70.06 million. During the same quarter last year, the company earned $0.23 EPS. The business’s revenue was up 106.0% on a year-over-year basis. analysts forecast that Viper Energy Partners LP will post 1.63 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 20th. Investors of record on Monday, August 13th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 10th. This represents a $2.40 dividend on an annualized basis and a yield of 6.21%. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.48. Viper Energy Partners’s dividend payout ratio (DPR) is currently 224.30%.

Viper Energy Partners Company Profile

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. The company holds mineral interests covering an area of approximately 43,843 net acres in the Permian Basin, West Texas. As of December 31, 2017, its estimated proved oil and natural gas reserves consisted of 38,246 thousand barrels of crude oil equivalent.

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

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