Trading Report: The Viper Energy Partners LP (VNOM) Earns Neutral Rating from Analysts at Mizuho

The Viper Energy Partners LP (VNOM) Earns Neutral Rating from Analysts at Mizuho

Mizuho assumed coverage on shares of Viper Energy Partners LP (NASDAQ:VNOM) in a research note published on Wednesday. The firm issued a neutral rating and a $17.00 price target on the stock.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Viper Energy Partners from a hold rating to a buy rating and set a $21.00 target price for the company in a report on Tuesday, July 19th. Simmons reiterated an overweight rating and issued a $22.00 target price on shares of Viper Energy Partners in a report on Monday, July 11th. Finally, Piper Jaffray Cos. began coverage on Viper Energy Partners in a report on Monday, July 11th. They issued an overweight rating and a $22.00 target price for the company. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $19.83.

Shares of Viper Energy Partners (NASDAQ:VNOM) opened at 16.36 on Wednesday. The company has a 50-day moving average price of $16.32 and a 200 day moving average price of $17.61. Viper Energy Partners has a 12-month low of $12.69 and a 12-month high of $20.25. The company’s market capitalization is $1.42 billion.

In related news, VP Randall J. Holder acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The stock was purchased at an average cost of $16.44 per share, for a total transaction of $82,200.00. Following the purchase, the vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $164,400. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Diamondback Energy, Inc. acquired 2,000,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were bought at an average price of $15.60 per share, with a total value of $31,200,000.00. Following the completion of the purchase, the director now directly owns 72,450,000 shares in the company, valued at $1,130,220,000. The disclosure for this purchase can be found here.

Large investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Viper Energy Partners by 13.5% in the first quarter. Geode Capital Management LLC now owns 33,086 shares of the company’s stock worth $539,000 after buying an additional 3,944 shares during the period. Wellington Management Group LLP boosted its stake in shares of Viper Energy Partners by 2.0% in the first quarter. Wellington Management Group LLP now owns 1,943,064 shares of the company’s stock worth $31,691,000 after buying an additional 37,264 shares during the period. Boston Partners boosted its stake in shares of Viper Energy Partners by 17.9% in the second quarter. Boston Partners now owns 1,172,815 shares of the company’s stock worth $21,873,000 after buying an additional 177,984 shares during the period. Finally, Waddell & Reed Financial Inc. boosted its stake in shares of Viper Energy Partners by 17.3% in the second quarter. Waddell & Reed Financial Inc. now owns 788,382 shares of the company’s stock worth $14,703,000 after buying an additional 116,100 shares during the period. Hedge funds and other institutional investors own 7.87% of the company’s stock.

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