UBS Group AG Cuts Position in Viper Energy Partners LP (NASDAQ:VNOM)

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UBS Group AG decreased its position in Viper Energy Partners LP (NASDAQ:VNOM) by 61.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 283,762 shares of the oil and gas producer’s stock after selling 458,523 shares during the quarter. UBS Group AG owned 0.21% of Viper Energy Partners worth $8,746,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. FMR LLC raised its position in Viper Energy Partners by 14.7% in the first quarter. FMR LLC now owns 4,117,055 shares of the oil and gas producer’s stock valued at $136,522,000 after purchasing an additional 528,497 shares during the period. HITE Hedge Asset Management LLC increased its position in shares of Viper Energy Partners by 28.4% during the first 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 acquiring an additional 492,217 shares during the period. Cardinal Capital Management LLC CT increased its position in shares of Viper Energy Partners by 1.0% during 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 period. Invesco Ltd. increased its position in shares of Viper Energy Partners by 6.0% during 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 period. Finally, GW&K Investment Management LLC increased its position in shares of Viper Energy Partners by 13.6% during 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 period. 38.77% of the stock is currently owned by institutional investors.

Shares of VNOM stock opened at $26.86 on Wednesday. The company has a current ratio of 17.70, a quick ratio of 17.70 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average price of $28.92 and a 200 day moving average price of $30.36. The company has a market cap of $3.59 billion, a P/E ratio of 24.87 and a beta of 1.28. Viper Energy Partners LP has a 12 month low of $22.76 and a 12 month high of $42.79.

Viper Energy Partners (NASDAQ:VNOM) last issued its earnings results on Tuesday, July 30th. The oil and gas producer reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The firm 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.35 EPS. On average, equities analysts forecast that Viper Energy Partners LP will post 0.3 EPS for the current year.

A number of analysts have recently weighed in on VNOM shares. Raymond James upped their price objective on Viper Energy Partners from $50.00 to $52.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating on shares of Viper Energy Partners in a research report on Tuesday, September 17th. SunTrust Banks started coverage on Viper Energy Partners in a research report on Monday, June 17th. They set a “buy” rating and a $36.00 price objective on the stock. Northland Securities reaffirmed a “buy” rating and set a $35.00 price objective on shares of Viper Energy Partners in a research report on Monday, September 16th. Finally, Capital One Financial started coverage on Viper Energy Partners in a research report on Tuesday, July 2nd. They set an “overweight” rating and a $37.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. Viper Energy Partners currently has a consensus rating of “Buy” and an average price target of $40.22.

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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