Viper Energy Partners LP (NASDAQ:VNOM) – Equities research analysts at Oppenheimer dropped their Q1 2019 earnings per share estimates for Viper Energy Partners in a research report issued on Tuesday, April 23rd, Zacks Investment Research reports. Oppenheimer analyst T. Rezvan now anticipates that the oil and gas producer will earn ($0.01) per share for the quarter, down from their prior forecast of $0.01. Oppenheimer also issued estimates for Viper Energy Partners’ Q2 2019 earnings at $0.04 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.14 EPS, FY2019 earnings at $0.27 EPS and FY2020 earnings at $0.46 EPS.
Viper Energy Partners (NASDAQ:VNOM) last issued its earnings results on Tuesday, April 30th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The company had revenue of $61.59 million during the quarter, compared to analyst estimates of $68.04 million. Viper Energy Partners had a net margin of 46.62% and a return on equity of 2.33%. During the same quarter last year, the company posted $0.38 EPS.
VNOM traded down $0.40 during midday trading on Wednesday, hitting $31.11. The company had a trading volume of 379,083 shares, compared to its average volume of 416,204. The company has a current ratio of 20.09, a quick ratio of 20.09 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $4.26 billion, a PE ratio of 28.81 and a beta of 1.29. Viper Energy Partners has a twelve month low of $22.76 and a twelve month high of $44.00.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.52 annualized dividend and a yield of 4.89%. Viper Energy Partners’s dividend payout ratio is 140.74%.
In related news, President Hof Matthew Kaes Van’t sold 2,500 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $31.65, for a total transaction of $79,125.00. Following the completion of the sale, the president now owns 42,124 shares of the company’s stock, valued at $1,333,224.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.30% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in Viper Energy Partners by 23.8% during the 1st quarter. Wellington Management Group LLP now owns 9,251,962 shares of the oil and gas producer’s stock valued at $306,796,000 after buying an additional 1,778,619 shares in the last quarter. FMR LLC raised its holdings in Viper Energy Partners by 14.7% in the 1st quarter. FMR LLC now owns 4,117,055 shares of the oil and gas producer’s stock worth $136,522,000 after purchasing an additional 528,497 shares during the period. Goldman Sachs Group Inc. raised its holdings in Viper Energy Partners by 6.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,784,132 shares of the oil and gas producer’s stock worth $125,482,000 after purchasing an additional 235,370 shares during the period. Eagle Asset Management Inc. raised its holdings in Viper Energy Partners by 81.1% in the 1st quarter. Eagle Asset Management Inc. now owns 2,605,921 shares of the oil and gas producer’s stock worth $86,412,000 after purchasing an additional 1,167,173 shares during the period. Finally, HITE Hedge Asset Management LLC raised its holdings in Viper Energy Partners by 28.4% in the 1st quarter. HITE Hedge Asset Management LLC now owns 2,227,512 shares of the oil and gas producer’s stock worth $73,864,000 after purchasing an additional 492,217 shares during the period. 33.31% of the stock is owned by hedge funds and other institutional investors.
Viper Energy Partners Company 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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