Mizuho started coverage on shares of Viper Energy Partners LP (NASDAQ:VNOM) in a research note issued to investors on Wednesday. The brokerage issued a neutral rating and a $17.00 price target on the stock.

VNOM has been the subject of several other research reports. Piper Jaffray Cos. assumed coverage on shares of Viper Energy Partners in a report on Monday, July 11th. They issued an overweight rating and a $22.00 target price for the company. Zacks Investment Research upgraded shares of Viper Energy Partners from a hold rating to a buy rating and set a $21.00 target price for the company in a report on Tuesday, July 19th. Finally, Simmons restated an overweight rating and issued a $22.00 target price on shares of Viper Energy Partners in a report on Monday, July 11th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $19.83.

Analyst Recommendations for Viper Energy Partners (NASDAQ:VNOM)

Shares of Viper Energy Partners (NASDAQ:VNOM) traded down 0.91% on Wednesday, reaching $16.29. 17,116 shares of the company traded hands. The stock’s market capitalization is $1.41 billion. The company has a 50-day moving average of $16.32 and a 200-day moving average of $17.62. Viper Energy Partners has a 1-year low of $12.69 and a 1-year high of $20.25.

In other news, Director Diamondback Energy, Inc. acquired 2,000,000 shares of the business’s stock in a transaction on Monday, August 1st. The stock was bought at an average price of $15.60 per share, for a total transaction of $31,200,000.00. Following the transaction, the director now owns 72,450,000 shares in the company, valued at $1,130,220,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Randall J. Holder acquired 5,000 shares of the business’s stock in a transaction on Thursday, September 8th. The shares were purchased at an average price of $16.44 per share, with a total value of $82,200.00. Following the transaction, the vice president now owns 10,000 shares in the company, valued at approximately $164,400. The disclosure for this purchase can be found here.

A number of institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Viper Energy Partners by 13.5% in the first quarter. Geode Capital Management LLC now owns 33,086 shares of the company’s stock worth $539,000 after buying an additional 3,944 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Viper Energy Partners by 2.0% in the first quarter. Wellington Management Group LLP now owns 1,943,064 shares of the company’s stock worth $31,691,000 after buying an additional 37,264 shares during the last quarter. Waddell & Reed Financial Inc. increased its position in shares of Viper Energy Partners by 17.3% in the second quarter. Waddell & Reed Financial Inc. now owns 788,382 shares of the company’s stock worth $14,703,000 after buying an additional 116,100 shares during the last quarter. Finally, Boston Partners increased its position in shares of Viper Energy Partners by 17.9% in the second quarter. Boston Partners now owns 1,172,815 shares of the company’s stock worth $21,873,000 after buying an additional 177,984 shares during the last quarter. Institutional investors own 7.87% of the company’s stock.

Viper Energy Partners Company Profile

Viper Energy Partners LP is a limited partnership that owns, acquires and exploits oil and natural gas properties in North America. The Company’s business objective is to provide an attractive return to its unitholders by focusing on business results, maximizing distributions through organic growth and pursuing accretive growth opportunities through acquisitions of mineral, royalty, overriding royalty, net profits and similar interests from Diamondback Energy, Inc and from third parties.

5 Day Chart for NASDAQ:VNOM

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