7 Basic Materials Stocks to Buy to Anchor Your Portfolio
The movement of basic materials stocks requires investors to keep a keen eye on the state of the economy to determine profitability. Raw materials such as plastic, steel, and lumber will always be in demand. Here are 7 stocks to take advantage of the growing demand!
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Shares Stats
| Shares Outstanding | 65,293,800 |
| Shares Float | 50,562,887 |
| Shares Short | 1,337,119 |
| Insider Holdings | 44% |
| Institution Holdings | 76.20% |
About Viper Energy Partners LP
Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2020, it had mineral interests in 24,350 net royalty acres in the Permian Basin and Eagle Ford Shale; and estimated proved oil and natural gas reserves of 99,392 thousand barrels of crude oil equivalent. Viper Energy Partners GP LLC operates as the general partner of the company. The company was founded in 2013 and is based in Midland, Texas. Viper Energy Partners LP is a subsidiary of Diamondback Energy, Inc.
General
| Name | Viper Energy Partners LP |
| Ticker | VNOM |
| Exchange | NASDAQ |
| Sector | Energy |
| Industry | Oil & Gas Midstream |
| Currency | USD |
| Country | USA |
| Fiscal Year End | December |
Highlights
| Analyst Target | 17.84 |
| Market Cap | 2,528,824,576 |
| PEG Ratio | 1.09 |
| EBITDA | 159,026,000 |
Financials
| Curr Year EPS Estimate | 0.32 |
| Next Quarter EPS Estimate | 0.06 |
| Profit Margin | -0.81 |
| Return on Assets | 0.01 |
| Return on Equity | -0.10 |
| Revenue | 237,464,992 |
| Earnings Per Share | -2.84 |
| Revenue Per Share | 3.51 |
| Gross Profit | 237,465,000 |
| Quarterly Revenue Growth | -0.11 |
Valuation
| Trailing PE | 10.40 |
| Forward PE | 24.39 |
| Price/Sales (Trailing 12 Mt.) | 4.78 |
| Price/Book (Most Recent Quarter) | 4.33 |
Dividend
Viper Energy Partners LP pays out a dividend of $0.37 per share, with a dividend yield of 4.56%.
VNOM's last dividend payment was made to shareholders on March 11, 2021.
They pay out 128.92% of their earnings out as a dividend.
Recent Dividends
| May 22, 2024 | $0.32 |
| Mar 12, 2024 | $0.29 |
| Nov 24, 2023 | $0.30 |
| Aug 17, 2023 | $0.09 |
| May 18, 2023 | $0.08 |
| Mar 10, 2023 | $0.25 |
| Nov 25, 2022 | $0.25 |
| Aug 23, 2022 | $0.81 |
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