Jane Street Group LLC raised its position in Viper Energy Partners LP (NASDAQ:VNOM) by 31.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,033 shares of the oil and gas producer’s stock after purchasing an additional 1,670 shares during the quarter. Jane Street Group LLC’s holdings in Viper Energy Partners were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Viper Energy Partners by 14.7% during the 1st quarter. FMR LLC now owns 4,117,055 shares of the oil and gas producer’s stock valued at $136,522,000 after buying an additional 528,497 shares during the period. Cardinal Capital Management LLC CT raised its stake in shares of Viper Energy Partners by 1.0% in the second quarter. Cardinal Capital Management LLC CT now owns 1,390,834 shares of the oil and gas producer’s stock worth $42,866,000 after acquiring an additional 14,414 shares during the last quarter. Invesco Ltd. raised its stake in shares of Viper Energy Partners by 6.0% in the second quarter. Invesco Ltd. now owns 1,226,928 shares of the oil and gas producer’s stock worth $37,813,000 after acquiring an additional 69,124 shares during the last quarter. GW&K Investment Management LLC raised its stake in shares of Viper Energy Partners by 13.6% in the second quarter. GW&K Investment Management LLC now owns 729,295 shares of the oil and gas producer’s stock worth $22,477,000 after acquiring an additional 87,028 shares during the last quarter. Finally, Emerald Advisers LLC raised its stake in shares of Viper Energy Partners by 23.3% in the second quarter. Emerald Advisers LLC now owns 515,962 shares of the oil and gas producer’s stock worth $15,902,000 after acquiring an additional 97,513 shares during the last quarter. Institutional investors own 38.77% of the company’s stock.

VNOM has been the subject of a number of recent research reports. Evercore ISI initiated coverage on shares of Viper Energy Partners in a research note on Tuesday, July 30th. They set an “outperform” rating and a $38.00 price target for the company. Capital One Financial assumed coverage on shares of Viper Energy Partners in a research note on Tuesday, July 2nd. They issued an “overweight” rating and a $37.00 target price for the company. Raymond James upped their target price on shares of Viper Energy Partners from $50.00 to $52.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 1st. TD Securities upped their target price on shares of Viper Energy Partners from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Finally, TheStreet downgraded shares of Viper Energy Partners from a “b” rating to a “c+” rating in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $40.22.

VNOM traded down $0.25 during trading hours on Monday, hitting $26.71. 2,000 shares of the company’s stock were exchanged, compared to its average volume of 328,387. Viper Energy Partners LP has a 1-year low of $22.76 and a 1-year high of $40.10. The stock’s 50-day moving average is $28.79 and its two-hundred day moving average is $30.26. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 24.73 and a beta of 1.28. The company has a quick ratio of 17.70, a current ratio of 17.70 and a debt-to-equity ratio of 0.13.

Viper Energy Partners (NASDAQ:VNOM) last announced its earnings results on Tuesday, July 30th. The oil and gas producer reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.03). The business had revenue of $72.19 million for the quarter, compared to analyst estimates of $69.49 million. Viper Energy Partners had a return on equity of 0.62% and a net margin of 13.18%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 EPS. On average, equities research analysts anticipate that Viper Energy Partners LP will post 0.25 EPS for the current year.

Viper Energy Partners Profile

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2018, it had mineral interests in 14,841 net royalty acres in the Permian Basin and Eagle Ford Shale with estimated proved oil and natural gas reserves of 63,136 thousand barrels of crude oil equivalent.

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

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