Stephens Investment Management Group LLC grew its stake in Viper Energy Inc. (NASDAQ:VNOM – Free Report) by 8.2% during the 1st quarter, HoldingsChannel reports. The firm owned 1,231,728 shares of the oil and gas producer’s stock after acquiring an additional 93,498 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Viper Energy were worth $57,879,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of VNOM. Ironsides Asset Advisors LLC lifted its position in shares of Viper Energy by 3.7% during the 3rd quarter. Ironsides Asset Advisors LLC now owns 7,841 shares of the oil and gas producer’s stock worth $300,000 after buying an additional 280 shares during the period. HB Wealth Management LLC boosted its stake in Viper Energy by 5.3% in the 4th quarter. HB Wealth Management LLC now owns 6,348 shares of the oil and gas producer’s stock valued at $245,000 after buying an additional 317 shares in the last quarter. Apollon Wealth Management LLC grew its position in Viper Energy by 1.8% in the first quarter. Apollon Wealth Management LLC now owns 21,036 shares of the oil and gas producer’s stock valued at $988,000 after acquiring an additional 368 shares during the period. Mercer Global Advisors Inc. ADV grew its position in Viper Energy by 5.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,498 shares of the oil and gas producer’s stock valued at $290,000 after acquiring an additional 404 shares during the period. Finally, Moneta Group Investment Advisors LLC raised its stake in Viper Energy by 4.6% during the third quarter. Moneta Group Investment Advisors LLC now owns 9,239 shares of the oil and gas producer’s stock worth $353,000 after acquiring an additional 409 shares in the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have issued reports on VNOM shares. Wells Fargo & Company lifted their price objective on Viper Energy from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Mizuho upped their target price on shares of Viper Energy from $54.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Royal Bank Of Canada initiated coverage on shares of Viper Energy in a research report on Friday, May 29th. They set an “outperform” rating and a $58.00 target price for the company. Truist Financial set a $58.00 price target on shares of Viper Energy in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group raised shares of Viper Energy from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $58.15.
Viper Energy Price Performance
Shares of VNOM stock opened at $40.75 on Friday. The stock’s fifty day moving average is $45.68 and its 200-day moving average is $43.78. The company has a debt-to-equity ratio of 0.15, a quick ratio of 6.17 and a current ratio of 6.17. The stock has a market capitalization of $14.63 billion, a PE ratio of -127.34 and a beta of 0.40. Viper Energy Inc. has a 52 week low of $35.10 and a 52 week high of $51.13.
Viper Energy (NASDAQ:VNOM – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.12. The business had revenue of $511.00 million during the quarter, compared to analysts’ expectations of $499.81 million. Viper Energy had a positive return on equity of 2.64% and a negative net margin of 2.77%.The firm’s revenue for the quarter was up 108.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 earnings per share. Equities research analysts expect that Viper Energy Inc. will post 2.49 EPS for the current fiscal year.
Viper Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.7%. The ex-dividend date was Thursday, May 14th. Viper Energy’s dividend payout ratio (DPR) is presently -475.00%.
Viper Energy 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.
Further Reading
- Five stocks we like better than Viper Energy
- These Stocks Could Win as Wall Street Looks Beyond AI Software
- D.R. Horton Is Defying the Housing Gloom
- Why Flywire and Airbnb Could Be Quiet Winners of a Ceasefire
- Broadcom and OpenAI Unveil JalapeƱo: An Early Step to Massive AI Growth Potential
Want to see what other hedge funds are holding VNOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viper Energy Inc. (NASDAQ:VNOM – Free Report).
Receive News & Ratings for Viper Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viper Energy and related companies with MarketBeat.com's FREE daily email newsletter.
