Shares last traded at $19.60 marginally over $18.56, the 50 day moving average and which is quite a bit above the 200 day moving average of $17.29. The 50 day moving average was up $1.04 or +5.58% whereas the 200 day moving average was up $2.31 or +13.36%. Viper Energy Partners LP shares had a trading volume of 205K in the last trading session. Trading volume was up 26.33% over the stocks average daily volume.
Investors are feeling more bullish recently as implied by the motion in short interest. The company saw a fall in short interest of -8.77% as of October 13, 2017 from the last reporting period. Short interest decreased from 313,248 to 285,773 over that timeframe. The days to cover decreased to 1.0 and the percentage of shorted shares is 0.00% as of October 13.
These firms have modified their investment in VNOM. As of the end of the quarter Malaga Cove Capital, LLC had bought 34,672 shares growing its stake by 114.1%. The value of the total investment in Viper Energy Partners LP went from $559,000 to $1,038,000 a change of $479,000 quarter over quarter. Lebenthal Asset Management, LLC expanded its position by buying 32,922 shares an increase of 43.6% from 12/31/2016 to 03/31/2017. Lebenthal Asset Management, LLC now controls 108,410 shares valued at $1,949,000. The total value of its holdings increased 61.3%.
Cutler Group LP reduced its holdings by selling 8,890 shares a decrease of 96.7% in the quarter. Cutler Group LP controls 300 shares worth $0. The value of the position overall is down by 100.0%. Raymond James Financial Services Advisors, Inc. augmented its stake by buying 8,318 shares an increase of 42.1% as of 09/30/2017. Raymond James Financial Services Advisors, Inc. now holds 28,089 shares with a value of $524,000. The value of the position overall is up by 69.0%.
July 13 investment analysts at Barclays left the stock rating at “Overweight” but moved down the price target from $18.00 to $17.00. On August 8 Barclays kept the company rating at “Overweight” and raised the price expectation to $18.00 from $17.00.
Equity analyst Imperial Capital starting coverage on VNOM with a rating of “Outperform”. On October 2 analysts at UBS released its first research report on the stock setting a rating of “Neutral”.
October 16 investment analysts at Barclays made no change to the company rating of “Overweight” and moved up the price target from $18.00 to $20.00. On October 26 Barclays left the company rating at “Overweight” but raised the price target from $20.00 to $21.00.
The company is up by 1.03% percent from yesterday’s close. The company also recently announced a dividend that will be paid on Tuesday the 14th of November 2017. The dividend will be $0.338 per share for the quarter or $1.35 annualized. This dividend amount will represent a yield of $7.09. The ex-dividend date is Tuesday the 15th of August 2017.
The P/E ratio is 25.93 and the market value is 2.23B. In the latest earnings report the EPS was $0.76 and is expected to be $0.95 for the current year with 113,863,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.28 and the next full year EPS is projected to be $1.19.
Viper Energy Partners LP, launched on February 27, 2014, is involved in owning, acquiring and exploiting oil and natural gas properties in North America. The Business’s assets consist primarily of producing oil and natural gas properties principally located in the Permian Basin of West Texas. As of December 31, 2016, the Permian Basin consisted of approximately 85,000 square miles centered around Midland, Texas. As of December 31, 2016, the Business’s assets consisted of mineral interests underlying 107,568 gross (30,442 net) acres in the Permian Basin. As of December 31, 2016, there were 545 vertical wells and 190 horizontal wells producing on this acreage..