Viper Energy Partners Target of Unusually Large Options Trading (VNOM)

Viper Energy Partners LP (NASDAQ:VNOM) saw unusually large options trading on Thursday. Stock investors acquired 2,777 call options on the stock. This is an increase of 981% compared to the average volume of 257 call options.

Several equities research analysts have weighed in on VNOM shares. Northland Securities reissued a “buy” rating and set a $24.00 price objective on shares of Viper Energy Partners in a research note on Thursday, October 12th. Piper Jaffray Companies cut their target price on Viper Energy Partners from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, September 18th. Citigroup upped their target price on Viper Energy Partners from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Zacks Investment Research cut Viper Energy Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, UBS initiated coverage on Viper Energy Partners in a research note on Monday, October 2nd. They set a “neutral” rating and a $18.00 target price on the stock. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Viper Energy Partners has a consensus rating of “Buy” and a consensus target price of $21.45.

Shares of Viper Energy Partners (NASDAQ VNOM) opened at $21.48 on Friday. The company has a current ratio of 8.92, a quick ratio of 8.92 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2,389.24, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 1.45 and a beta of 1.06. Viper Energy Partners has a twelve month low of $14.76 and a twelve month high of $21.97.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were issued a dividend of $0.337 per share. This represents a $1.35 annualized dividend and a dividend yield of 6.28%. The ex-dividend date was Monday, November 6th. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.33. Viper Energy Partners’s dividend payout ratio is currently 153.41%.

Institutional investors and hedge funds have recently modified their holdings of the company. Penserra Capital Management LLC purchased a new stake in shares of Viper Energy Partners during the 3rd quarter valued at $106,000. Creative Planning lifted its holdings in shares of Viper Energy Partners by 1,215.5% during the 2nd quarter. Creative Planning now owns 13,155 shares of the oil and gas producer’s stock valued at $207,000 after purchasing an additional 12,155 shares during the last quarter. Credit Suisse AG purchased a new stake in shares of Viper Energy Partners during the 1st quarter valued at $270,000. Renaissance Technologies LLC purchased a new stake in shares of Viper Energy Partners during the 1st quarter valued at $281,000. Finally, Virtu KCG Holdings LLC lifted 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 valued at $301,000 after purchasing an additional 8,357 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

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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.

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