VNOM - Viper Energy Partners LP

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
+1.32 (+4.01%)
At close: 4:00PM EDT

34.25 0.00 (0.00%)
After hours: 4:42PM EDT

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Previous Close32.93
Bid33.31 x 1400
Ask34.99 x 1400
Day's Range33.06 - 34.67
52 Week Range22.76 - 44.00
Avg. Volume586,679
Market Cap4.624B
Beta (3Y Monthly)1.57
PE Ratio (TTM)17.04
EPS (TTM)2.01
Earnings DateApr 29, 2019 - May 3, 2019
Forward Dividend & Yield2.04 (6.15%)
Ex-Dividend Date2019-02-15
1y Target Est41.71
Trade prices are not sourced from all markets
  • GlobeNewswire7 days ago

    Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Schedules First Quarter 2019 Conference Call for May 1, 2019

    MIDLAND, Texas, April 15, 2019 -- Viper Energy Partners LP (NASDAQ: VNOM) (“Viper”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), announced that.

  • Top Ranked Income Stocks to Buy for April 15th
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  • With Crude Around $65, It's Time to Buy These 5 Oil Stocks
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  • 10 Best Stocks for 2019: The Race Is On
    InvestorPlace18 days ago

    10 Best Stocks for 2019: The Race Is On

    We've reached the end of the first quarter, and the theme for the Best Stocks contest seems to be unpredictability. Pot stocks were hot, value stocks were not. The headlines changed from week to week, and even beat-and-raise earnings weren't always enough to propel a stock forward.All of this has meant a good deal of shuffling among the contestants over the first three months, and one stock getting out to an astounding lead by the end of March. Which one? Well, read on and find out.The Best Stocks contest entries are listed below in ascending order of gains as of the end of trading on March 29. Those gains include the dividends, where applicable. And if you want to keep up-to-date on the contest between these quarterly updates, feel free to follow along at our Best Stocks for 2019 leaderboard, which is regularly updated so you can see who's rising and who's falling.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best ETFs for 2019: A Close Race at the Front But now, without further ado, on to the contestants. Syrah Resources (SYAAF)Investor: Eric Fry Year-to-Date Change Through Q1: -28%Syrah Resources Ltd. (OTCMKTS:SYAAF) is an all-or-nothing sort of stock pick for a contest like this. SYAAF is set up for long-term growth thanks to the ubiquity of graphite -- the main focus of this Australian company.Graphite is used in a whole lot of the batteries that are going to power our future, including those for electric vehicles. But the company is also a one-mine operation and that mine is in Mozambique, meaning that in the short term, it can have more than its share of volatility.And that volatility has hit hard to the downside so far in 2019, with disappointing earnings sending the stock tumbling.That doesn't have to define the whole year for SYAAF, but the company must show serious improvement to win back investors' trust. As Fry wrote, "Previously, Syrah had forecast that it would produce positive cash flow from its operations by the back half of 2019. But words are cheap. The company must deliver on that forecast if it expects to retain the trust and interest of shareholders."Read more about SYAAF from Fry here. LyondellBasell (LYB)Source: Via LyondellBasellInvestor: Charles Sizemore YTD Change: 2%LyondellBasell Industries (NYSE:LYB) is a value stock, and this set of market circumstances just aren't being kind to value stocks. People are riding the continued strength on the back of growth stocks instead. But that doesn't mean LYB stock is a bad security to be invested in. It just means that it's poised for a shift in sentiment.Now, will that happen in time to help with this year's Best Stocks contest? As Sizemore points out, there are no guarantees. "While I believe that value stocks are 'due' for an extended period of outperformance, I could have made the same argument at any time over the past several years, and I'd still be waiting for the reversal," he wrote. * 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever But even if it just keeps up modest growth, there's still LYB stock's 4.4% dividend yield to keep in the back of your mind -- or put in your back pocket. And if sentiment turns back to value stocks, LYB could be in for a massive surge.Read more about LYB from Sizemore here. Weibo (WB)Source: Shutterstock Investor: Kyle WoodleyYTD Change: 6%The thesis behind picking Weibo (NASDAQ:WB) for the 2019 Best Stocks contest was simple -- good Chinese stocks took a beating in 2018 thanks to the U.S.-China trade war, and that made companies like Weibo excellent rebound candidates. As Woodley wrote, "A quick refresher: Weibo shares hemorrhaged 43.5% in 2018 -- a year in which the company also grew revenues by 49% year-over-year and net income by 54% year-over-year."It's a sound thesis, but one that hasn't yet borne fruit in the first quarter. Part of that has to do with the still-fraught relationship between China and the U.S. And both Weibo and Sina (NASDAQ:SINA), which owns about 46% of WB stock, posted earnings beats in March, but both of the stocks fell hard after earnings, with Weibo off over 10% at one point that day.Why? As Woodley pointed out, "If you're going to pick Weibo apart on anything -- and investors certainly did, considering the sharp selloff after its Q4 report -- it might be the company's revenue forecast. WB is looking for Q1 sales growth of 20.5% to 23.5%, which doesn't sound like much compared to Q1 2018's 76% jump in revenues."But … that was really it. WB stock still looks strong, it just needs a nudge to start growing again.Read more about WB from Woodley here. Canada Goose (GOOS)Source: Shutterstock Investor: Will Ashworth YTD Change: 10%Canada Goose (NYSE:GOOS) was flying pretty high at one point in this quarter, before a downgrade from Wells Fargo shot it down."The company itself continues to do well heading into 2019's second quarter. GOOS stock was doing fine through the end of February, trading above $57, putting my pick solidly in third place in InvestorPlace's 2019 stock picking contest," Ashworth wrote. "But oh, what a difference a month can make." * 10 Medical Marijuana Stocks to Cure Your Portfolio But things haven't completely soured for Canada Goose. It's still a sought-after brand name and its most recent earnings were a double beat and raise. GOOS stock still has plenty to offer investors in 2019.Read more about GOOS from Ashworth here. Teladoc (TDOC)Source: MayApps207 via WikiMedia Investor: Jason Moser YTD Change: 12%Virtual healthcare company Teladoc Health (NYSE:TDOC) really charged into 2019.The TDOC stock price stumbled a bit after earnings in February. It wasn't the hard numbers that were a problem for investors -- they just weren't too keen on the guidance, which was below analyst expectations.But things are still looking up for Teladoc, as the trend is going its way. As Moser points out:"Virtual healthcare and telemedicine are happening; it's no longer a matter of if but when, and Teladoc has done a lot to grow and diversify the business in a relatively short amount of time. One could also say that this business played an integral role in actually helping shape the legislation that is allowing virtual healthcare to become a part of the global healthcare landscape."And with Medicare Advantage 2020 set to add tens of millions of new potential clients to its rolls, there's still plenty of room for TDOC stock to run even higher.Read more about TDOC from Moser here. Adobe (ADBE)Source: Shutterstock Investors: John Jagerson and Wade Hansen YTD Change: 18%Adobe (NASDAQ:ADBE) has been hanging around in the top half of the Best Stocks contest so far this year, but that has translated to more-than-acceptable gains of 18% for the quarter.Adobe has made the sort of tech shift that companies like Microsoft (NASDAQ:MSFT) have also been making -- the shift to a subscription model instead of a plain sales model for some of its most popular software.As Jagerson and Hansen put it, "One of the important benefits of ADBE's shift into services, subscription and cloud products over the last few years has been an improvement in margins. This is particularly critical right now as investors prepare for poor first-quarter earnings reports from the components of the S&P 500." * 7 A-Rated Healthcare Stocks for Industry Expansion All in all, the Best Stocks for 2019 contest is far from over for ADBE stock.Read more about Adobe from Jagerson and Hansen here. Amazon (AMZN)Source: C_osett via FlickrInvestor: Readers' Choice YTD Change: 19%Amazon (NASDAQ:AMZN) continues to have a strong showing, and no wonder. While plenty of people, up to and including President Donald Trump, have taken aim at Amazon, it seems to shrug off every salvo with a deftness that most other massive companies envy. And while they waste their time on those antics, Amazon just keeps on trying new things, bolstering the things that work, and generally being the elephant in any number of rooms.But for Amazon to really challenge for the lead in the Best Stocks contest, it will probably need for one of its new or burgeoning business ideas to really take off. If it could take off like AWS has, that would be a game-changer, but that sort of massive success is extremely hard to come by.Still, Amazon has a lot going for it and keeps trying new things, which means that a success big enough to move the needle is certainly possible.Read more about AMZN here. Viper Energy Partners (VNOM)Source: SMelindo via Flickr (Modified)Investor: Neil George YTD Change: 32%Oil prices have been undergoing a steady rise through most of the year so far (and even more so since the market bottom on Dec. 24, 2018), and Viper Energy Partners (NASDAQ:VNOM) has benefited significantly from that growth.Whether or not oil prices continue their growth will control how well VNOM continues to perform to some extent, but it's not the only factor. The company is in a different position than many of its oil sector peers. As George wrote, "Viper Energy is the leading landlord of the petroleum patch primarily in the Permian Basin which is at the center of the shale oil development in the U.S. market. As a landlord, the company doesn't drill or operate a single well -- but instead, leases out its land for exploration and development companies (E&P) for fee income and royalties on the oil and gas that gets pumped out of its land." * 5 Cybersecurity Stocks to Watch As the Trend Heats Up So VNOM stock is set up to profit even if OPEC increases their oil flow. That means the company is probably going to be in the running for the Best Stocks title all year.Read more about VNOM from George here. Lululemon (LULU)Source: Shutterstock Investor: Louis Navellier YTD Change: 35%Lululemon Athletica (NASDAQ:LULU) has been one of the primary beneficiaries of the athleisure trend, but that is only the tip of the iceberg when looking at why it has surged so strongly through the first quarter.A feature LULU shares with tech titan Apple (NASDAQ:AAPL) is how both companies are able to charge premium prices for their goods, a move which can only help with the financials. And the financials for Lululemon are great. Looking at the earnings reports can lead you to another of the spectacular reasons LULU is surging.As Navellier puts it, "Lululemon's same-store sales for the past fiscal year were up a staggering 16%. Usually, high single-digit growth is impressive."A membership program. Brand loyalty. Pricing power. Any investor looking for reasons to get into Lululemon can find a full plate of them, and LULU stock seems poised to keep flexing through the rest of the Best Stocks contest.Read more about LULU from Navellier here. Charlotte's Web Holdings (CWBHF)Source: Shutterstock Investor: Matt McCall YTD Change: 81%CBD stock Charlotte's Web Holdings Inc (OTCMKTS:CWBHF) took the top spot in the first quarter of our 2019 Best Stocks contest.There are plenty of reasons for this. Marijuana companies have been hot lately, for a start. Charlotte's Web has a great story and a leadership position in the CBD sector. According to McCall, "It produces and distributes CBD wellness products to nearly 3,700 retail locations. It sells everything from tinctures to topicals to capsules, both online and in stores. It also has a line of pet-focused products, which is a niche area that is booming right now."And with the Farm Bill making changes to the federal legality of hemp, that sector could be expanding.And earnings recently put a bow on this pretty package. As McCall wrote, "Fourth-quarter 2018 results were released after the close on March 28 and marked the 12th consecutive quarter of revenue growth for the company. The top line came in at $21.5 million, up 71% from one year earlier and 21% from the third quarter. Both figures are extremely impressive." * 5 Low-Priced Tech Stocks With Great Potential It looks like more good things could be ahead for CWBHF, and if the trend continues, it could take the 2019 Best Stocks title going away.Read more about CWBHF from McCall here.Jessica Loder is an assistant editor for As of this writing, she did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Low-Priced Tech Stocks With Great Potential * 9 Stocks That Would Be Hurt By a Mexico/U.S. Border Closure * The Era of Car Ownership Is Over. And These 4 Charts Prove It Compare Brokers The post 10 Best Stocks for 2019: The Race Is On appeared first on InvestorPlace.

  • Best Stocks for 2019: Viper Energy Stock Has Fangs
    InvestorPlace24 days ago

    Best Stocks for 2019: Viper Energy Stock Has Fangs

    Editor's note: This column is part of our Best Stocks for 2019 contest. Neil George's pick for the contest is Viper Energy Partners (NASDAQ:VNOM).The InvestorPlace stock picking contest for 2019 is a showcase of ideas from the collection of editors and contributors. And it also demonstrates the process each different person uses to come up with a company.My recommendation is for Viper Energy Partners (NASDAQ:VNOM), which year to date is up in price by 27.7%. And with its dividend yielding 6.1%, the total return to date is over 29%. This compares to the price gain of the S&P 500 Index of 12.8% and a total return of 13.4%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsViper Energy Compared to the S&P 500 Index Total Return Source BloombergThis contest isn't about throwing darts but showcasing how ideas are generated and why. And in the process, throughout the rest of the year, you'll get a better feel for how each of us work.At Profitable Investing, one of my core mechanisms for finding the best stocks for growth and income is finding economic, market or even social or political developments that will spur more demand for specific goods and services. * 10 Tech Stocks That Transformed Their Business I do this by consuming a great deal of news from numerous daily papers, constant streaming of BBC World Service and Bloomberg Television, subscribing to many industry and professional journals and, of course, being glued to my Bloomberg Terminal with all of its analytical and data tools.When I find some developments that support more demand, I drill down and find the companies that are best focused to capitalize on that pending new demand. Then I identify the leaders and vet them to find the best of the best. I go through those to determine which will be sales growth leaders while watching for those with the best and most improving margins. After that, I ask what will go wrong to dampen future sales or result in higher costs. And I run what ifs to see how they will cope with challenges. And finally, I put my banker hat on and look at the debts of the companies.At the end of this process I determine if I would lend to this company. And if not, then I have no business recommending it as a buy for you.Viper Energy ticks all the boxes in a market with positive developments. And as a landlord of the petroleum market -- it is a unique company in that it doesn't drill or operate oil and gas equipment -- only collecting lease income and royalty payments.Read on to see how and why I recommend the company and its stock. Petrol is PowerfulPetrol is a big part of the U.S. and global economy, and that's why we have a collection of up, down and midstream petroleum companies inside the model portfolios of Profitable Investing. And like most market segments, the market for petroleum and the underlying companies and their stocks never moves in a continuous straight line.But as I've been writing in Profitable Investing this year and over the past year, there are some major overriding developments that favor profitability for US petroleum companies. And to start, all it takes is to look at price of U.S. West Texas Intermediate (WTI) crude oil. Since 2016, the market for U.S. crude oil has gone from a low of $35.70 to a current level of $60.01 a barrel for a gain of 68.1%.US WTI Crude Oil Price Source BloombergThe price, of course, was higher in October, but with the sell-off in the general stock market, oil slipped to a near term low on Dec. 24 -- corresponding to the lows in many of the stock market indexes.But like for stocks, the realities of a growing U.S. economy and profitability of U.S. oil companies at even lower crude prices has been supporting the underlying market. And note, as I've written, the much lower crude oil prices five years and more ago worked to drive U.S. producers and related companies to increase technology in the fields to drive down lift costs for crude. This means that U.S. companies can pump crude at lower costs so that margins at sale can be positive even with lower market prices.This had been leading to a continued upward march in U.S. production, which since 2016 has soared by more than 33%.US Crude Oil Production Keeps Climbing Source BloombergAnd according to the U.S. Energy Information Administration (EIA), this continued climb in production should result in that the US will be a net oil exporter by 2021.Adding to the positive market developments are that the Organization of Petroleum Exporting Countries plus Russia and other nations (OPEC+) continue to largely adhere to production cuts, resulting in the proven data from shipping records of December 2018 showing production cuts of 1.2 million barrels per day (MBPD), with only Russia and Iraq showing some slippage in their cuts. More Crude on the MoveWhat has been a limitation for U.S. crude has been domestic stockpiles of stored crude. One of the big limitations has been the infrastructure to move crude to refineries and marine terminals for export. But as I've been writing, the approval process for additional pipeline capacity has been stepped up with pipeline companies continuing to add capacity to move stuck crude to the market.This now is showing up with the dramatic drop in U.S. stockpiles of crude as tracked by the EIA. The stockpiles are now down to lows not seen since last June and may well head lower with the further developments in transportation.US Crude Stockpiles Down West Texas WTI Up Source EIA, BloombergThis drawdown in stockpiles is showing up in the export market. And what is particularly interesting is how much more U.S. crude is being shipped to Europe. Over the past five years, U.S. crude exports have gone from zero to nearly 1.4 billion barrels according to records from the U.S. Census Department.US Crude Exports to Europe Source US Census, BloombergThis surge in U.S. crude in Europe is now driving the price of European crude prices. For North Sea crude prices set at ports in the Netherlands, Argus Media (Private), a business intelligence analytics company, is stating that one third of the time, U.S. crude imports in Europe are driving the prices for European crude oil.That puts U.S. producers further on the way to narrowing the price discount of WTI in the U.S. to the higher Brent crude prices. And this in turn, should help to increase the margins for U.S. producers and related companies. Globe Takes More than MakesNow, OPEC+ isn't going to limit production forever. However, there are some reasons to see limits in their capacity to bring significantly more crude oil to the market. First, Iran remains under U.S. sanctions with no daylight in negotiations in sight. And waivers are running out, particularly with more availability of U.S.-exported oil such as what is now surging to Europe and noted above.In addition, even if other major former producers get sorted out politically -- they will take years to get back into the oil business. This includes the imploding nation of Venezuela, the broken-apart Libya as well as the very unsettled West African nations including Nigeria.Second, as I wrote in the September Issue, Saudi Arabia and Russia are both post peak in production with the major fields in Saudi Arabia being drained with dropping reserves.Meanwhile, the globe's demand for crude oil remains firmly on the ascent. And even with rising U.S. production and exports, there continues to be shortfalls in supply against global consumption of crude oil. The EIA tracks overall supply and consumption and as the graph shows -- consumption keeps peaking over supply on an ongoing basis over the past many years.And add in the U.S. drop in stockpiles -- and the supply and demand statistics favor supported crude oil prices.Global Oil Supply (White) Global Oil Consumption (Gold) Source EIA Bloomberg My Permian PlayThere are many companies, from upstream producers through midstream pipelines and downstream refiners, that are benefiting from the petroleum market developments that are underway.But the company that is right at the source of all of this additional U.S. production of oil and gas is Viper Energy, which I hold in one of the model portfolios of Profitable Investing.Viper Energy is the leading landlord of the petroleum patch primarily in the Permian Basin which is at the center of the shale oil development in the U.S. market. As a landlord, the company doesn't drill or operate a single well -- but instead, leases out its land for exploration and development companies (E&P) for fee income and royalties on the oil and gas that gets pumped out of its land.This means little capital is needed beyond the land. And it means that the company doesn't have to worry as much about the price fluctuations in oil and gas for its operations. But of course, the higher the price of crude and the higher the price for natural gas -- the higher in royalties and the higher the income.It has a large collection of operators on its land including Devon Energy (NYSE:DVN), BP (NYSE:BP), XTO Energy, EOG Resources (NYSE:EOG), ConocoPhillips (NYSE:COP), Occidental Petroleum (NYSE:OXY), Anadarko Petroleum (NYSE:APC) and many others. Each and all continue to develop leased properties.Since coming to the public market in 2014 through a drop-down of assets from Diamondback Energy (NASDAQ:FANG) in which it took land assets and set up Viper to manage and own the properties while taking and keeping an ownership stake in the company, the proven developed reserves of petroleum have climbed by 764%. And royalty income per acre of its land has grown by 368%.Overall oil and gas produced on Viper's land was up 63% in 2018. And the company is projecting that on an organic basis (meaning existing land statistics and not counting additional land and land development that production will climb at least by 24% for 2019.In addition, Viper completed an extra share sale this year. That additional cash is going to expand its land properties. And with Diamondback having much more land it its existing assets -- there is more room for a further drop down for more productive petroleum land in its portfolio. This will mean more growth potential for leases and royalty income. Venom Stock for Better ReturnsTotal Return for Viper Energy Source BloombergViper Energy has been a good performer. Over the trailing year, the stock has generated a total return of over 58%, including its ample and rising dividend. And this even includes the slip with the general stock market in the fourth quarter of last year.But since Dec. 24, 2018 to date, Viper has soared by 46% reflecting the realities of the economy and the market for high and rising royalty income from its leased lands. VNOM Stock by the NumbersViper, as noted above, is working well as a landlord. Revenues for the trailing year are up by 67.90%. And since it doesn't drill or pump oil -- its operating margin is a whopping 70.30%. This in turn drives a great return on shareholders' equity of 20.60%. It has gobs of cash and its debts are at a minimal 24.8% of its valuable assets so its credit is very good.Then we come to that nice dividend. The current distribution is at 51 cents which has been climbing over the last three years by an average annual gain of 37.32%. That distribution equates to a yield of 6.19%. And in recent tax filings, even though Viper changed from a passthrough to a taxable entity effective on May 10, 2018 the dividends paid on August 20 and November 19, 2018 have been deemed as return of capital.The stock has been performing and paying well. And yet, the shares are reasonably valued with a price to book at nearly 3.19 times. This is down from over 4.5 times book seen earlier last year. And more important, the underlying book value per share has climbed over the past year by 36.36% meaning that the underlying value of the book of assets is up and growing and not just the stock price.Now that the additional shares have been placed in the market successfully, the stock makes for a continued good buy for growth and income under $38.00 per share.Neil George is the editor of Profitable Investing and does not have any holdings in the securities mentioned above. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos * 4 Pot Stocks That Could Be Fizzling Out * 7 Mid-Cap Growth Stocks That Could Be the Next Amazon or Netflix Compare Brokers The post Best Stocks for 2019: Viper Energy Stock Has Fangs appeared first on InvestorPlace.

  • Here Are Last Week’s Top MLP and Midstream Gainers and Losers
    Market Realist28 days ago

    Here Are Last Week’s Top MLP and Midstream Gainers and Losers

    Weekly Wrap-Up: Midstream Stocks Continue to Rise(Continued from Prior Part)Top gainersDCP Midstream (DCP), TC PipeLines (TCP), and Summit Midstream Partners (SMLP) were among the biggest MLP gainers in the last week. The three stocks rose 5.5%,

  • GlobeNewswire2 months ago

    Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Prices Upsized Public Offering of Common Units

    Viper Energy Partners LP (VNOM) (“Viper”), a subsidiary of Diamondback Energy, Inc. (FANG) (“Diamondback”), announced today the pricing of Viper’s public offering of 9,500,000 common units representing limited partner interests at a public offering price of $32.00 per unit. The total gross proceeds of the offering (before underwriters’ discounts and commissions and estimated offering expenses) will be approximately $304.0 million. The underwriters have a 30 day option to purchase up to an additional 1,425,000 common units from Viper.

  • GlobeNewswire2 months ago

    Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Announces Public Offering of Common Units

    Viper Energy Partners LP (VNOM) (“Viper”), a subsidiary of Diamondback Energy, Inc. (FANG) (“Diamondback”), announced today that Viper has commenced an underwritten public offering of 8,000,000 common units representing limited partner interests, subject to market and other conditions.  Viper anticipates granting the underwriters a 30 day option to purchase up to an additional 1,200,000 common units from Viper. All of the common units to be sold in this offering will be sold by Viper. Viper intends to use the net proceeds from the offering, including any net proceeds from the underwriters’ exercise of their option to purchase additional common units, to purchase units of Viper Energy Partners LLC (“Viper Operating Company”).

  • Diamondback (FANG) Q4 Earnings Miss as Crude Prices Fall
    Zacks2 months ago

    Diamondback (FANG) Q4 Earnings Miss as Crude Prices Fall

    Diamondback (FANG) failed to keep spending within cash flows due to the dramatic decline in oil prices, coupled with merger-associated costs.

  • NGL, GEL, and VNOM: Top MLP Gains Last Week
    Market Realist2 months ago

    NGL, GEL, and VNOM: Top MLP Gains Last Week

    MLPs and Midstream Stocks Rose Last Week(Continued from Prior Part)Top gainsMost of the MLPs and midstream stocks ended last week with gains due to strong oil prices, which we discussed in the previous part. Among the top gains, NGL Energy Partners

  • GlobeNewswire2 months ago

    Consolidated Research: 2019 Summary Expectations for Immunomedics, Allscripts Healthcare Solutions, Viper Energy Partners LP, Virtu Financial, FactSet Research, and MICT — Fundamental Analysis, Key Performance Indications

    NEW YORK, Feb. 11, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of VNOM earnings conference call or presentation 6-Feb-19 3:00pm GMT

    Q4 2018 Viper Energy Partners LP Earnings Call

  • 3 Energy Stocks Pumping Out Dividends
    InvestorPlace2 months ago

    3 Energy Stocks Pumping Out Dividends

    Petroleum is a good business to be in. Crude prices have been firmly on the rise over the past three years. And even with the drop in price for U.S. West Texas Intermediate crude (WTI) in the fourth quarter of 2018, prices are still amply above lows in 2016 by 204.85%. And while prices may still remain volatile, there are fundamental conditions that should support more favorable market conditions for energy stocks.For overall demand for crude has remained on the rise. And suppliers around the globe are limited in being able to keep up. With major producers, including Venezuela, Iran and Libya (or what's left of it) experiencing domestic crises, there is only so much oil that can be pumped. Even Saudi Arabia has limited additional lift capacity, given its existing field operations and capabilities. Crude Still ChampSource: BloombergUS WTI Crude Oil PriceInvestorPlace - Stock Market News, Stock Advice & Trading TipsNo matter the conditions of the fundamentals, the petroleum market has been nothing but unsettled over the past few months, as many factors have impacted pricing. It starts with the U.S. stock market, which took quite a spill through the fourth quarter of 2018. This despite continuing good economic news from jobs and consumer spending to business investment -- stocks have been sold off largely with fear of a slowing in profits growth for 2019.Crude oil took a page from that book of diminished expectations and traders hit the sell button sending crude down in the U.S. market with West Texas Intermediate hitting a low on Dec. 24 of $42.53 a barrel. And then there is the overall supply-and-demand arguments. With slowed U.S. profit expectations for companies, it's been argued that demand globally will ebb for crude, sending prices lower including for global oil as measured by Brent crude falling to a low of $50.47 a barrel.On the supply front, the Organization of Petroleum Exporting Countries (OPEC) plus Russia (OPEC+) came to an agreement of cutbacks in production. This was initially met with skepticism only to recently be proven with shipping reports confirming compliance with cutbacks particularly from Saudi Arabia. * 10 Dividend Growth Stocks You Can't Miss Crude oil in the U.S. WTI has since rebounded by 26.99% to a current $54.01 with Brent rallying by similar gains to a current $62.57.Meanwhile, natural gas after surging and giving back some gains with colder weather in the U.S. is now further rising to a current $2.69 per million British Thermal Units (MBTU), which is significantly up from the lows of last year by 5.49%. Up, Down & Midstream PlaysThere are three ways to play the petrol market for dividends. Upstream with production, downstream with refineries and the midstream of pipelines.I'll start upstream with petrol production with my favorite bigger dividend-paying petrol company. This company is not a producer or a toll-taking pipeline or a refiner - but is merely a landlord for oil and gas-rich land in the Permian Basin of the U.S.As such, it leases out land parcels to exploration and production companies (E&P) and in turn collects rent as well as royalty income from oil and gas produced from its lands.The stock was on a nice ascent until the general stock market slump in the fourth quarter noted above. But since Dec. 24, the stock has rallied so far by 27.58%. Meanwhile, there are been numerous heavy hedge fund and other fund investors buying into the company. And this came on the buying of thousands of additional shares by the President and COO of Diamondback Energy (NASDAQ:FANG), which has a significant ownership stake in this landlord company as it was formed in a drop-down transaction from Diamondback's property and other assets.This landlord of a company, of course, does derive some benefits on the general price of oil and gas as it impacts the value of its royalty payments. But at the same time, since it doesn't need to commit capital for field development and equipment repair, it doesn't need to worry about cashflow levels - only that cash comes in. As such it doesn't need to hedge against oil and gas prices … which hurt costs.It has piles of cash on hand, virtually no debt and over the top returns on equity and its capital base of land and other assets. Viper Energy (VNOM)Viper Energy (NASDAQ:VNOM) was set up as a passthrough limited partnership when it went to the public market in 2014. It was created by Diamondback Energy to hold petroleum properties in the U.S. as noted above.The transaction is known as a drop-down, as Diamondback contributed some initial oilfield assets and the IPO raised addition capital to acquire still more. In turn, Diamondback holds shares in Viper and is the contracted operator of some of Viper's properties. Diamondback simplifies its asset mix and allows the market to better value the rich and easily recoverable petroleum reserves in the Permian Basin and receives dividends just like shareholders in Viper.What sets Viper apart is that it largely does not operate or develop its field assets. It mainly collects the royalties from companies and operators in working interest contracts. This means that Viper has less need for heavy capital investment in equipment and services. This frees it from having to constantly budget for development and maintenance.Instead, Viper focuses on keeping an eye on its working interest while looking to expand those interests from existing assets or by acquiring additional assets.This business model means investors get the benefit of revenue from oil and gas production as well as the rising future value of the underlying field asset reserves.Most of Viper's holdings are located in the West Texas Permian Basin, the shale oil-producing region that already produces more oil than Kuwait or Mexico and could soon surpass Iraq and Canada. It's the core of the U.S.'s newfound status as an oil superpower--preliminary numbers already suggest that the U.S. has produced more oil so far in 2018 than any other country. And in recent reports from the U.S. Energy Information Agency (EIA) - the US is now producing record daily production. And in turn, it could eventually produce more oil than Saudi Arabia and Russia combined.In May of 2018, Viper changed from a passthrough to a regular corporation. Many former passthroughs have done this in order to attract more institutional and fund investors, who often have limits on how much they can have invested in passthroughs. The change also provides the opportunity to increase Viper's investments in further field assets over time, providing growth opportunities for investors. This is exactly what the company has done over 2018 by investing $615 million in additional royalty interests.Oil production continues to advance, with projected oil and gas equivalents seeing gains of 34% for 2018 over 2017 and gains of over 311% between coming to the market from 2014 to the end of the first quarter of 2018..The company has over 100,000 acres, with a fraction of that in current production. This means more potential for even higher growth rates in production, resulting in even higher royalty cash payments.And even though it is converting to a corporation, it has ample trailing tax deductions that will continue to shield regular qualified divided payments with return-of-capital distributions.Revenues over the trailing year, with higher petrol prices, are up 117%. But even with prior years' lower petrol prices, the three-year average shows gains running at 30.30%.The other key thing about Viper is that it does not hedge against oil and gas price fluctuations. Because it doesn't have to worry about capital expenditures on equipment, it doesn't need to be as worried about prices. This means that it is a very pure play on petroleum prices.Given the structure of the company, margins are very fat, with operating margins running at 66.20%. Return on assets is at 14.80%. Viper has piles of cash, with a current ratio of cash against near term liabilities of 9.9 times. Its debts are low, at only 9.20% of assets--primarily these are used to fund its operations more smoothly as needed in between new acquisitions and further development of working interest operators.The dividend yield is at 6.20%, paid quarterly, and the dividend has been rising over the past three years by an average of 35.09% and by 72.50% over the past trailing year alone.Viper's stock is also a pretty good value right now., based on its current price-to-book ratio of 2.97 times. And that underlying value of the book of assets is up this past year by 43%. And with much of its field assets yet to be developed, there is a lot more value to the underlying company. Marathon Petroleum (MPC)Next up is the downstream of the petrol market in refining. This is where my favorite Marathon Petroleum (NYSE:MPC) is one of the best in the market. This company recently completed its acquisition of Andeavor to become a major national refinery. It is now pulling crude from around the U.S. and Canada for its refinery operations increasing its discounted feedstock crude costs with the lower-priced North American crude than for imported crude.Marathon's operating margins are quite good at 6.10% and are up significantly from earlier this year by a factor of 2.63 times better than in the first calendar quarter.This is driving an impressive return on its expensive capital of its refinery and other assets at 14.50%. And for shareholders, the return on their equity is running at 27.40%.Revenue is climbing over the trailing twelve months by 20.00% and this is piping in profits to fund dividends which are up this past year by 21.05% to a current payout of 53 cents equating a yield of 3.15%.Yet, despite the great underlying fundamentals, Marathon's stock has been deeply discounted. The stock is valued at a discount of 64% of its trailing sales. And the stock's price to book value has gone from 2.62 times in late September to a bargain buy at only 2.00 times. And remember, refineries are very hard to get permitted so its assets are truly valuable and hard to replicate.Marathon has less to fear from OPEC and more to capitalize from U.S. producers making it a good dividend paying stock for income and growth over time.Last up is the midstream or toll-taking pipeline companies which is one of the best means to get piped-in dividend payouts. Pipelines are in the midstream of the petroleum market transporting crude oil and natural gas from the upstream producers (such as are operating on Viper Energy properties) downstream to refiners (such as Marathon Petroleum) and other customers as well as transporting refined products to other further downstream end users.This means that they are principally the toll-takers of the petroleum market. They transport petroleum and collect regular fees along the way. And in doing so, they can be resilient in both buoyant petroleum markets and in most less sanguine market conditions.The key, of course, is that successful pipeline companies need to manage two specific components of their businesses. First, they need to manage the volume of petrol flowing through their pipes. Fuller pipes mean fuller coffers and the less that they pipe, the less revenue that they pipe into their quarterly statements. Second, pipeline companies need to manage counterparty risk.Counterparty risk is something that many analysts miss in their assessment of the risks and rewards of pipeline companies. Pipelines are often represented as neutral companies in the petroleum market. Crude oil and soar or plunge in price - and pipelines are supposed to be immune unlike crude and natural gas producers. However, that's not completely true.If petroleum is high in price, and producers are pumping more oil and gas, pipeline companies need to make sure that they can meet the demand with enough capacity. If pipeline companies don't meet demand - then producers will seek other alternatives providing potential losses in current and future contracts with pipeline companies.And if petroleum prices fall too greatly and producers limit production, shut-down wells or worse - go under - then pipeline companies can be left with contracts from producers that are worthless leaving them exposed to their own shutdowns or worse. * Are These 7 Dividend Aristocrats ETFs Fit for a King? I have three pipeline companies in various parts of the petroleum toll-taker market that make the cut in managing volume and counterparty risks and opportunities while paying out ample dividends to their shareholders. Enterprise Product Partners (EPD)One of my long-term favorites is Enterprise Product Partners (NYSE:EPD) is one of the major owners and operators of one of backbone pipeline networks of America for natural gas and gas liquids as well as crude oil. It has many thousands of miles of pipes that run throughout the core fields of North America including Canada to refiners and petrochemical companies. And it has key crude oil pipes bringing oil from the central hub for American oil in Cushing, Oklahoma down to the gulf for refining and export via its terminals and storage facilities.Revenues continue to be on the rise with the trailing twelve months showing gains of 24.90%. And with great management of its pipeline and related businesses, it has fat operating margins running at 14.80%. This fuels an impressive return on equity for shareholders of 16.10%.And it also manages its risks well and has the capacity to fund further expansion of its network of pipes as well as funding any near term slowing in pipeline flows. Debt to assets is low at 45.10% and its credit is good - especially with a long-term track record of heavy cash generation over thick and thin in the petrol market.The dividend is good at a current 43.5 cents per share or unit for a yield of 6.17%. And it has been boosting its distribution by an average annual rate of 4.72% over the past five years. And it is projected to further increase its next payout with the expected declaration on April 12th of next year.And as a passthrough structured as a limited partnership (LP), the company avoids most Federal Income taxes. And the distributions paid to shareholders are also partially shielded from current Federal income taxes as the company also passes through tax deductions that shareholders use to offset income received. This makes the dividend distributions all the more valuable on an after-tax basis. And it makes for a great long-term shock absorber with great dividends for all portfolios in all market conditions.All My Best,Neil GeorgeEditor, Profitable Investing More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks That Won Super Bowl Sunday * 7 High-Yield ETFs for Brave Investors * 10 F-Rated Stocks That Could Break Your Portfolio Compare Brokers The post 3 Energy Stocks Pumping Out Dividends appeared first on InvestorPlace.

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