Viper Energy Partners LP (NASDAQ:VNOM) declared a quarterly dividend on Friday, October 28th. Investors of record on Friday, November 11th will be paid a dividend of 0.207 per share on Friday, November 18th. This represents a $0.83 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date is Tuesday, November 8th. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.19.
Viper Energy Partners (NASDAQ:VNOM) opened at 15.00 on Monday. The stock has a 50 day moving average of $0.00 and a 200-day moving average of $0.00.
In other news, VP Randall J. Holder bought 5,000 shares of the stock in a transaction that occurred on Thursday, September 8th. The stock was acquired at an average price of $16.44 per share, with a total value of $82,200.00. Following the completion of the purchase, the vice president now directly owns 10,000 shares of the company’s stock, valued at $164,400. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
An institutional investor recently raised its position in Viper Energy Partners stock. Waddell & Reed Financial Inc. boosted its position in Viper Energy Partners LP (NASDAQ:VNOM) by 17.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 788,382 shares of the company’s stock after buying an additional 116,100 shares during the period. Waddell & Reed Financial Inc. owned 0.99% of Viper Energy Partners worth $14,703,000 as of its most recent SEC filing. 7.87% of the stock is currently owned by institutional investors.
VNOM has been the topic of a number of research analyst reports. Wunderlich restated a “buy” rating and issued a $20.00 target price on shares of Viper Energy Partners in a research report on Saturday, October 15th. Mizuho initiated coverage on shares of Viper Energy Partners in a research report on Wednesday, October 5th. They issued a “neutral” rating and a $17.00 target price on the stock. Zacks Investment Research lowered shares of Viper Energy Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, September 21st. Barclays PLC cut their target price on shares of Viper Energy Partners from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 11th. Finally, Simmons restated an “overweight” rating and issued a $22.00 target price on shares of Viper Energy Partners in a research report on Monday, July 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $19.63.
Viper Energy Partners Company Profile