Sei Investments Co. boosted its holdings in shares of Viper Energy Inc. (NASDAQ:VNOM – Free Report) by 32.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,046 shares of the oil and gas producer’s stock after purchasing an additional 13,114 shares during the period. Sei Investments Co.’s holdings in Viper Energy were worth $2,493,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capital World Investors grew its position in shares of Viper Energy by 4.0% in the 4th quarter. Capital World Investors now owns 12,916,557 shares of the oil and gas producer’s stock worth $498,967,000 after buying an additional 493,203 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Viper Energy by 11.1% during the fourth quarter. Wellington Management Group LLP now owns 11,491,534 shares of the oil and gas producer’s stock valued at $443,918,000 after acquiring an additional 1,144,863 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in Viper Energy by 21.9% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 5,711,539 shares of the oil and gas producer’s stock worth $220,637,000 after acquiring an additional 1,024,838 shares during the period. State Street Corp lifted its stake in Viper Energy by 2.9% in the second quarter. State Street Corp now owns 5,197,538 shares of the oil and gas producer’s stock worth $198,182,000 after acquiring an additional 148,503 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Viper Energy by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 4,986,716 shares of the oil and gas producer’s stock valued at $192,672,000 after acquiring an additional 258,082 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.
Viper Energy Price Performance
Shares of VNOM stock opened at $40.82 on Friday. The business’s fifty day moving average is $43.46 and its 200 day moving average is $44.67. The company has a quick ratio of 6.17, a current ratio of 6.37 and a debt-to-equity ratio of 0.16. The stock has a market cap of $14.66 billion, a price-to-earnings ratio of 314.02 and a beta of 0.40. Viper Energy Inc. has a twelve month low of $35.10 and a twelve month high of $51.13.
Viper Energy Announces Dividend
The firm also recently declared a special dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 13th will be paid a $0.29 dividend. This represents a dividend yield of 266.0%. The ex-dividend date is Thursday, August 13th. Viper Energy’s dividend payout ratio (DPR) is presently 1,169.23%.
Analysts Set New Price Targets
A number of brokerages have issued reports on VNOM. Weiss Ratings restated a “hold (c)” rating on shares of Viper Energy in a report on Friday, July 17th. Barclays lifted their target price on shares of Viper Energy from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Zacks Research cut shares of Viper Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Morgan Stanley decreased their price target on shares of Viper Energy from $49.00 to $46.00 and set an “overweight” rating for the company in a research note on Monday, June 29th. Finally, Wall Street Zen lowered shares of Viper Energy from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Seventeen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.07.
View Our Latest Research Report on Viper Energy
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.
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