Bank of New York Mellon Corp cut its position in Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,080,772 shares of the oil and gas producer's stock after selling 15,762 shares during the period. Bank of New York Mellon Corp owned 0.51% of Viper Energy worth $48,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new stake in Viper Energy in the fourth quarter valued at $32,000. Assetmark Inc. grew its stake in Viper Energy by 321.7% during the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock worth $33,000 after purchasing an additional 518 shares in the last quarter. UMB Bank n.a. grew its stake in Viper Energy by 129.0% during the 1st quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer's stock worth $33,000 after purchasing an additional 414 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Viper Energy by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,000 shares of the oil and gas producer's stock worth $45,000 after purchasing an additional 500 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Viper Energy during the 4th quarter worth about $55,000. 87.72% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
VNOM has been the subject of several analyst reports. Piper Sandler upped their price objective on Viper Energy from $65.00 to $66.00 and gave the stock an "overweight" rating in a research report on Thursday. Mizuho boosted their target price on Viper Energy from $54.00 to $55.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. TD Securities boosted their target price on Viper Energy from $57.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Barclays boosted their target price on Viper Energy from $57.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Finally, Evercore ISI upped their price objective on Viper Energy from $49.00 to $51.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.46.
Check Out Our Latest Analysis on VNOM
Viper Energy Stock Performance
Shares of VNOM stock traded up $1.53 during trading hours on Thursday, reaching $38.06. 1,450,435 shares of the company's stock were exchanged, compared to its average volume of 1,422,703. The company has a market cap of $10.98 billion, a P/E ratio of 10.02, a price-to-earnings-growth ratio of 17.73 and a beta of 0.97. The company's 50 day moving average is $39.83 and its two-hundred day moving average is $43.26. Viper Energy Inc. has a 1 year low of $34.71 and a 1 year high of $56.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 8.70 and a quick ratio of 8.70.
Viper Energy (NASDAQ:VNOM - Get Free Report) last issued 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. The business had revenue of $245.00 million during the quarter, compared to the consensus estimate 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 business posted $0.49 EPS. Equities research analysts anticipate that Viper Energy Inc. will post 2.02 EPS for the current fiscal 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 paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Thursday, May 15th. Viper Energy's dividend payout ratio (DPR) is 31.58%.
Viper Energy Profile
(
Free Report)
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.
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