Heartland Advisors Inc. lifted its position in Viper Energy Inc. (NASDAQ:VNOM – Free Report) by 46.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 514,226 shares of the oil and gas producer’s stock after buying an additional 164,226 shares during the period. Viper Energy makes up about 1.1% of Heartland Advisors Inc.’s portfolio, making the stock its 12th largest position. Heartland Advisors Inc.’s holdings in Viper Energy were worth $19,865,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new position in shares of Viper Energy in the 4th quarter worth approximately $27,000. Ameriflex Group Inc. purchased a new position in shares of Viper Energy in the 3rd quarter worth approximately $38,000. Parallel Advisors LLC grew its position in shares of Viper Energy by 68.3% in the 3rd quarter. Parallel Advisors LLC now owns 1,400 shares of the oil and gas producer’s stock worth $54,000 after buying an additional 568 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Viper Energy by 151.8% in the 3rd quarter. Fifth Third Bancorp now owns 1,536 shares of the oil and gas producer’s stock worth $59,000 after buying an additional 926 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Viper Energy by 256.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,794 shares of the oil and gas producer’s stock worth $69,000 after buying an additional 1,291 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.
Viper Energy Stock Performance
Shares of NASDAQ VNOM opened at $44.78 on Thursday. The company has a current ratio of 6.17, a quick ratio of 6.17 and a debt-to-equity ratio of 0.15. Viper Energy Inc. has a 12 month low of $35.10 and a 12 month high of $51.13. The company has a 50 day simple moving average of $46.80 and a two-hundred day simple moving average of $43.28. The stock has a market cap of $16.08 billion, a price-to-earnings ratio of -139.93 and a beta of 0.38.
Viper Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.4%. The ex-dividend date was Thursday, May 14th. Viper Energy’s payout ratio is presently -475.00%.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on VNOM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viper Energy in a research report on Monday, April 20th. Roth Mkm reiterated a “buy” rating and issued a $54.00 target price on shares of Viper Energy in a research note on Tuesday, May 5th. Wall Street Zen upgraded shares of Viper Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Raymond James Financial lifted their target price on shares of Viper Energy from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. Finally, Mizuho lifted their target price on shares of Viper Energy from $54.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $58.38.
Read Our Latest Report on Viper Energy
Viper Energy Company Profile
Viper Energy Partners LP is a publicly traded master limited partnership that owns and intends to acquire mineral and royalty interests in oil and natural gas properties. As a pass-through entity, Viper Energy Partners does not engage in drilling or production operations directly; instead, it generates revenues by holding overriding royalty interests, mineral fee interests and royalty fee interests. These interests entitle the partnership to receive a percentage of the proceeds from hydrocarbons produced and sold by third-party operators.
The partnership’s assets are concentrated in the Permian Basin, with a primary focus on the Delaware Basin region of West Texas and southeastern New Mexico.
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