Inscription Capital LLC Makes New $522,000 Investment in Viper Energy Inc. (NASDAQ:VNOM)

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

Several other institutional investors and hedge funds also recently modified their holdings of VNOM. Tcfg Wealth Management LLC lifted its position in shares of Viper Energy by 15.5% in the first quarter. Tcfg Wealth Management LLC now owns 40,485 shares of the oil and gas producer's stock valued at $1,828,000 after acquiring an additional 5,430 shares in the last quarter. Defined Financial Planning LLC acquired a new position in Viper Energy in the 1st quarter valued at about $264,000. CX Institutional purchased a new position in Viper Energy in the 1st quarter valued at about $235,000. GAMMA Investing LLC boosted its stake in shares of Viper Energy by 48.2% during the 1st quarter. GAMMA Investing LLC now owns 2,017 shares of the oil and gas producer's stock worth $91,000 after purchasing an additional 656 shares during the last quarter. Finally, Requisite Capital Management LLC boosted its position in Viper Energy by 12.4% during the first quarter. Requisite Capital Management LLC now owns 47,355 shares of the oil and gas producer's stock worth $2,138,000 after acquiring an additional 5,214 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VNOM. Wall Street Zen upgraded Viper Energy from a "sell" rating to a "hold" rating in a research report on Saturday, June 7th. The Goldman Sachs Group set a $72.00 price objective on shares of Viper Energy in a research note on Monday, March 3rd. Barclays boosted their target price on shares of Viper Energy from $57.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Bank of America cut 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 note on Friday, May 23rd. Finally, Wells Fargo & Company lifted their price target on shares of Viper Energy from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Monday. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $57.00.

Viper Energy Stock Down 2.1%

VNOM traded down $0.89 on Wednesday, reaching $40.84. The company's stock had a trading volume of 1,236,422 shares, compared to its average volume of 1,374,087. Viper Energy Inc. has a 1 year low of $34.71 and a 1 year high of $56.76. The business's 50 day moving average is $40.64 and its 200 day moving average is $45.02. The company has a debt-to-equity ratio of 0.15, a current ratio of 8.70 and a quick ratio of 8.70. The stock has a market cap of $11.78 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 21.89 and a beta of 1.00.

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, 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 return on equity of 5.41% and a net margin of 43.43%. During the same period in the prior year, the company posted $0.49 EPS. As a group, research analysts forecast that Viper Energy Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.94%. Viper Energy's dividend payout ratio (DPR) is 31.58%.

Viper Energy 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.