News headlines about Viper Energy Partners (NASDAQ:VNOM) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Viper Energy Partners earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the oil and gas producer an impact score of 45.1717462408456 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of equities research analysts have weighed in on VNOM shares. Zacks Investment Research downgraded Viper Energy Partners from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 26th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $22.00 target price on shares of Viper Energy Partners in a report on Friday, May 26th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $22.00 target price on shares of Viper Energy Partners in a report on Friday, June 2nd. BidaskClub downgraded Viper Energy Partners from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 target price on shares of Viper Energy Partners in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $20.58.
Shares of Viper Energy Partners (NASDAQ VNOM) opened at 16.00 on Friday. The firm has a market cap of $1.82 billion, a P/E ratio of 21.16 and a beta of 0.96. Viper Energy Partners has a 12-month low of $13.53 and a 12-month high of $19.38. The company’s 50 day moving average price is $16.56 and its 200 day moving average price is $17.18.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 17th will be paid a $0.332 dividend. This represents a $1.33 dividend on an annualized basis and a yield of 8.30%. The ex-dividend date is Tuesday, August 15th. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.30. Viper Energy Partners’s dividend payout ratio is currently 175.00%.
In other Viper Energy Partners news, CEO Travis D. Stice purchased 30,811 shares of the business’s stock in a transaction on Friday, July 21st. The stock was acquired at an average cost of $14.75 per share, for a total transaction of $454,462.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Diamondback Energy, Inc. purchased 700,000 shares of the business’s stock in a transaction on Friday, July 21st. The shares were acquired at an average price of $14.38 per share, with a total value of $10,066,000.00. Following the completion of the transaction, the director now owns 73,150,000 shares of the company’s stock, valued at $1,051,897,000. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 753,918 shares of company stock valued at $10,861,291.
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.
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