Rhumbline Advisers Increases Investment in Viper Energy Partners LP During Second Quarter

☀️Trending News

VIPER ENERGY PARTNERS LP ($NASDAQ:VNOM), also known as Viper Energy, Inc., is a publicly traded master limited partnership (MLP) focused on the acquisition, development, and production of oil and natural gas properties in the United States. The company primarily operates in the Permian Basin, one of the largest and most prolific oil and gas regions in the country. Recently, Rhumbline Advisers, a well-respected investment management firm, announced an increase in their investment in Viper Energy Partners LP during the second quarter. This fresh ownership highlights the confidence that Rhumbline has in Viper Energy’s potential for growth and success. In fact, they have been a significant shareholder of the company for some time now.

However, their recent increase in investment speaks volumes about their belief in the company’s long-term prospects. This is a positive sign for existing shareholders, as it demonstrates a strong vote of confidence from a reputable investment firm. Viper Energy Partners LP has a track record of delivering strong financial performance and consistent returns to its investors. Their focus on acquiring and developing high-quality assets in the Permian Basin has been a key driver of their success. As a result, the company has been able to generate significant cash flow and consistently increase its distributions to shareholders. With a strong balance sheet and a proven strategy for growth, Viper Energy is well-positioned to capitalize on the opportunities presented in the current market environment. The company’s management team has a clear vision for the future and a track record of making strategic acquisitions that enhance shareholder value. As an established player in the Permian Basin, Viper Energy is a promising investment opportunity for those looking to capitalize on the booming oil and gas industry.

Price History

On Thursday, the company’s stock opened at $45.95 and closed at $45.45, showing a 0.91% increase from the prior closing price of $45.04. Viper Energy Partners LP is an energy company that focuses on the acquisition, development, and exploration of oil and natural gas properties in North America. They operate as a master limited partnership (MLP), which offers certain tax benefits to investors. This structure has made Viper Energy Partners LP an attractive choice for many investors, including Rhumbline Advisers. This could be a result of Viper Energy Partners LP’s strong financials and consistent growth in recent years.

Additionally, their production volumes have also been steadily increasing, further solidifying their position in the energy market. Furthermore, Viper Energy Partners LP has also been actively expanding its portfolio through strategic acquisitions and partnerships. This move has been well-received by investors and could be another reason for Rhumbline Advisers’ increased investment. With a solid financial foundation and strategic expansion plans in place, Viper Energy Partners LP is well-positioned to continue its upward trajectory in the energy market. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for VNOM. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for VNOM. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for VNOM. More…

Key Ratios Snapshot

Some of the financial key ratios for VNOM are shown below. More…

Analysis

As a financial analyst at GoodWhale, I recently conducted an in-depth analysis of VIPER ENERGY PARTNERS LP’s well-being using our specialized Star Chart tool. It provides a comprehensive overview of a company’s financial health by evaluating key metrics such as dividend, growth, asset and profitability. Based on the results of this analysis, VIPER ENERGY PARTNERS LP appears to be a strong company in terms of dividend and growth, with a medium ranking in asset and profitability. In terms of dividend, VIPER ENERGY PARTNERS LP has shown consistent and strong payouts to its shareholders. This is important for investors who are seeking a steady stream of income from their investments. Additionally, the company shows promising growth potential, which is attractive to investors looking for long-term returns. However, it should be noted that the company ranks only medium in terms of asset and profitability, which may indicate some room for improvement in these areas. One of the key highlights of VIPER ENERGY PARTNERS LP’s analysis is its high health score of 7/10. This score takes into account the company’s cashflows and debt levels, and indicates that the company is well-positioned to sustain its operations even in times of crisis. This is reassuring for investors as it shows that VIPER ENERGY PARTNERS LP is financially stable and capable of weathering economic downturns. Based on our analysis, VIPER ENERGY PARTNERS LP falls under the category of ‘rhino’ companies. This means that it has achieved moderate revenue or earnings growth. While this may not be as impressive as a ‘lion’ or ‘tiger’ company that has achieved rapid growth, it still shows that VIPER ENERGY PARTNERS LP is a stable and resilient company that has consistently performed well over time. Overall, VIPER ENERGY PARTNERS LP may be attractive to investors looking for a company with a strong dividend track record and potential for growth. Its high health score and classification as a ‘rhino’ company also make it an appealing option for investors seeking stability and consistency in their investments. More…

Peers

The oil and gas industry is a highly competitive market. There are many oil and gas companies that compete for market share. One of the most competitive markets is the market for oil and gas exploration and production. In this market, there are many companies that compete for market share. One of the most competitive companies in this market is Viper Energy Partners LP. The company is a publicly traded company that is listed on the New York Stock Exchange. The company has a market capitalization of $2.6 billion. The company operates in the oil and gas industry in the United States, Canada, and Mexico.

– Rubellite Energy Inc ($TSX:RBY)

Rubellite Energy Inc is a Canadian oil and gas company with a market cap of 153.23M as of 2022. The company is engaged in the exploration, development, and production of oil and gas properties in the Western Canada Sedimentary Basin.

– Basic Energy Corp ($PSE:BSC)

Basic Energy Corp. is a holding company, which engages in the provision of oilfield services. It operates through the following segments: Drilling Services, Well Services, and Manufacturing and Repair. The Drilling Services segment offers onshore drilling rigs and related services. The Well Services segment provides pressure pumping and other well services. The Manufacturing and Repair segment manufactures and repairs equipment used in oil and gas drilling, completion, and production operations. The company was founded on April 28, 1987 and is headquartered in Houston, TX.

– BPI Energy Holdings Inc ($OTCPK:BPIGF)

BPI Energy Holdings Inc is a publicly traded holding company that owns and operates businesses in the energy sector. The company has a market cap of 146.97k as of 2022 and a Return on Equity of -513.73%. BPI Energy Holdings Inc owns and operates businesses in the oil and gas, power generation, and renewable energy industries. The company’s businesses include exploration and production, power generation, and energy trading.

Summary

Rhumbline Advisers added Viper Energy, Inc. to its portfolio during the second quarter. This indicates a positive outlook on the company’s performance and potential for growth. As an energy company, Viper Energy could benefit from a recovering oil market and increased demand for alternative energy sources.

Additionally, with companies shifting towards more sustainable practices, Viper Energy’s focus on clean energy and reducing carbon emissions could be attractive to investors. It is worth considering this company for investment opportunities, as it may offer potential for long-term growth and align with investor values.