Inscription Capital LLC Acquires New Position in Viper Energy Inc. (NASDAQ:VNOM)

Inscription Capital LLC acquired a new position in shares of Viper Energy Inc. (NASDAQ:VNOM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,553 shares of the oil and gas producer's stock, valued at approximately $522,000.

Several other hedge funds have also made changes to their positions in the business. First Horizon Advisors Inc. boosted its holdings in shares of Viper Energy by 43.9% during the fourth quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock worth $34,000 after purchasing an additional 214 shares during the last quarter. American Century Companies Inc. boosted its holdings in Viper Energy by 1.1% in the fourth quarter. American Century Companies Inc. now owns 25,323 shares of the oil and gas producer's stock valued at $1,243,000 after acquiring an additional 268 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Viper Energy by 1.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,743 shares of the oil and gas producer's stock valued at $1,116,000 after acquiring an additional 381 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Viper Energy by 1.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 24,230 shares of the oil and gas producer's stock valued at $1,189,000 after acquiring an additional 397 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Viper Energy by 1.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,000 shares of the oil and gas producer's stock valued at $1,030,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Raymond James Financial reiterated an "outperform" rating and issued a $60.00 target price (up previously from $54.00) on shares of Viper Energy in a report on Thursday, June 5th. Piper Sandler reduced their target price on Viper Energy from $62.00 to $61.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. JPMorgan Chase & Co. reduced their target price on Viper Energy from $49.00 to $47.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. KeyCorp reduced their target price on Viper Energy from $62.00 to $56.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Finally, Evercore ISI lifted their target price on Viper Energy from $49.00 to $51.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.00.

Viper Energy Stock Down 0.3%

Shares of NASDAQ VNOM traded down $0.12 during midday trading on Friday, reaching $40.72. 1,488,433 shares of the company's stock were exchanged, compared to its average volume of 1,370,955. Viper Energy Inc. has a 52-week low of $34.71 and a 52-week high of $56.76. The stock has a market capitalization of $11.75 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 19.47 and a beta of 1.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 8.70 and a current ratio of 8.70. The business's fifty day moving average price is $40.81 and its two-hundred day moving average price is $44.75.

Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its earnings results on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.09. Viper Energy had a return on equity of 5.41% and a net margin of 43.43%. The business had revenue of $245.00 million for the quarter, compared to analyst estimates of $233.99 million. During the same period in the previous year, the company earned $0.49 earnings per share. Analysts forecast that Viper Energy Inc. will post 2.02 EPS for the current year.

Viper Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Thursday, May 15th. Viper Energy's payout ratio is 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.