Viper Energy, Inc. (NASDAQ:VNOM) Shares Bought by Naples Global Advisors LLC

Naples Global Advisors LLC increased its stake in Viper Energy, Inc. (NASDAQ:VNOM) by 6.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,655 shares of the oil and gas producer’s stock after acquiring an additional 465 shares during the period. Naples Global Advisors LLC’s holdings in Viper Energy were worth $346,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Hennion & Walsh Asset Management Inc. boosted its position in shares of Viper Energy by 292.9% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 31,210 shares of the oil and gas producer’s stock worth $1,409,000 after acquiring an additional 23,267 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Viper Energy by 26.4% in the first quarter. Rhumbline Advisers now owns 339,045 shares of the oil and gas producer’s stock worth $15,308,000 after acquiring an additional 70,748 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Viper Energy by 6,591.3% in the first quarter. GAMMA Investing LLC now owns 91,068 shares of the oil and gas producer’s stock worth $4,112,000 after acquiring an additional 89,707 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Viper Energy by 10.4% in the fourth quarter. California State Teachers Retirement System now owns 96,293 shares of the oil and gas producer’s stock worth $4,725,000 after acquiring an additional 9,035 shares during the last quarter. Finally, Park Square Financial Group LLC acquired a new stake in shares of Viper Energy in the fourth quarter worth approximately $86,000. 87.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on VNOM. Wall Street Zen raised shares of Viper Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Piper Sandler decreased their target price on shares of Viper Energy from $62.00 to $61.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 13th. Bank of America reduced their price target on shares of Viper Energy from $53.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. reduced their price target on shares of Viper Energy from $49.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 7th. Finally, Evercore ISI lifted their price target on shares of Viper Energy from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.85.

Viper Energy Trading Up 2.8%

VNOM opened at $41.33 on Friday. The firm has a market capitalization of $11.93 billion, a P/E ratio of 17.74 and a beta of 1.00. The firm’s 50 day moving average is $40.32 and its 200-day moving average is $45.70. Viper Energy, Inc. has a 52-week low of $34.71 and a 52-week high of $56.76. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings data on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.09. The company had revenue of $245.00 million for the quarter, compared to analyst estimates of $233.99 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. During the same quarter last year, the firm posted $0.49 earnings per share. Analysts expect that Viper Energy, Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.90%. Viper Energy’s dividend payout ratio is currently 31.58%.

Viper Energy Company Profile

Viper Energy, Inc engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.