Trading Report: Today, Viper Energy Partners LP (VNOM) PT Lowered to $18.00 at Barclays PLC

Today, Viper Energy Partners LP (VNOM) PT Lowered to $18.00 at Barclays PLC

Viper Energy Partners LP (NASDAQ:VNOM) had its price target reduced by Barclays PLC from $21.00 to $18.00 in a report issued on Tuesday. They currently have an overweight rating on the stock.

Several other research firms have also commented on VNOM. Mizuho assumed coverage on shares of Viper Energy Partners in a research note on Wednesday, October 5th. They issued a neutral rating and a $17.00 price objective for the company. Zacks Investment Research downgraded shares of Viper Energy Partners from a buy rating to a hold rating in a research report on Wednesday, September 21st. Simmons reissued an overweight rating and set a $22.00 target price on shares of Viper Energy Partners in a research report on Monday, July 11th. Finally, Piper Jaffray Cos. assumed coverage on shares of Viper Energy Partners in a research report on Monday, July 11th. They set an overweight rating and a $22.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Viper Energy Partners currently has an average rating of Buy and a consensus price target of $19.63.

Shares of Viper Energy Partners (NASDAQ:VNOM) opened at 16.58 on Tuesday. Viper Energy Partners has a 52-week low of $12.69 and a 52-week high of $20.25. The firm’s market capitalization is $1.44 billion. The stock has a 50 day moving average of $16.30 and a 200-day moving average of $17.60.

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

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

Viper Energy Partners Company Profile

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