Home Hedge Funds Viper Energy Partners (VNOM) to Release Quarterly Earnings on Monday

Viper Energy Partners (VNOM) to Release Quarterly Earnings on Monday

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Viper Energy Partners (NASDAQ:VNOMGet Rating) is scheduled to issue its quarterly earnings data after the market closes on Monday, August 1st. Analysts expect the company to announce earnings of $0.66 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Viper Energy Partners (NASDAQ:VNOMGet Rating) last released its 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 $0.33 by ($0.10). Viper Energy Partners had a return on equity of 3.22% and a net margin of 12.72%. The firm had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $173.84 million. During the same period in the prior year, the company posted ($0.08) earnings per share. On average, analysts expect Viper Energy Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Viper Energy Partners Price Performance

Shares of NASDAQ:VNOM opened at $26.84 on Monday. The company has a market capitalization of $4.50 billion, a P/E ratio of 25.56 and a beta of 2.10. Viper Energy Partners has a 1-year low of $16.49 and a 1-year high of $35.85. The firm’s 50 day simple moving average is $29.23 and its two-hundred day simple moving average is $28.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.68 and a quick ratio of 3.68.

Viper Energy Partners Increases Dividend

The company also recently disclosed 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 9.99%. This is an increase from Viper Energy Partners’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Wednesday, May 11th. Viper Energy Partners’s dividend payout ratio (DPR) is presently 255.24%.

Insider Buying and Selling at Viper Energy Partners

In other news, major shareholder Holdings L.P. Blackstone III sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $35.39, for a total transaction of $1,769,500.00. Following the sale, the insider now directly owns 940,493 shares of the company’s stock, valued at approximately $33,284,047.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 130,495 shares of company stock worth $4,462,788 in the last quarter. 0.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Viper Energy Partners

Institutional investors and hedge funds have recently made changes to their positions in the business. Walleye Capital LLC purchased a new stake in shares of Viper Energy Partners during the 1st quarter valued at about $209,000. Blair William & Co. IL bought a new stake in shares of Viper Energy Partners in the 1st quarter valued at approximately $226,000. Moors & Cabot Inc. bought a new stake in shares of Viper Energy Partners in the 1st quarter valued at approximately $268,000. Virtu Financial LLC purchased a new position in shares of Viper Energy Partners in the 1st quarter worth approximately $303,000. Finally, Lido Advisors LLC bought a new position in shares of Viper Energy Partners during the 1st quarter valued at approximately $413,000. 47.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Piper Sandler cut their price target on Viper Energy Partners from $39.00 to $37.00 in a research note on Friday. Raymond James increased their target price on Viper Energy Partners from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, April 25th. TD Securities boosted their price target on Viper Energy Partners from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, May 3rd. StockNews.com lowered shares of Viper Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Finally, Barclays lifted their price objective on shares of Viper Energy Partners from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, June 14th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Viper Energy Partners presently has an average rating of “Moderate Buy” and an average price target of $37.00.

About Viper Energy Partners

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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.

Further Reading

Earnings History for Viper Energy Partners (NASDAQ:VNOM)



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