Boston Partners Boosts Stock Position in Viper Energy Inc. (NASDAQ:VNOM)

Key Points

• Boston Partners increased its ownership in Viper Energy Inc. by 8.8%, acquiring an additional 137,441 shares, bringing its total to 1,705,390 shares valued at approximately $75.85 million.
• Viper Energy's recent earnings report showed an EPS of $0.41, surpassing the consensus estimate of $0.34, with a significant year-over-year revenue increase of 37.1%.
• Analysts have adjusted their price targets for Viper Energy, with Barclays raising its target to $60.00 and Piper Sandler increasing its price objective to $68.00, while the stock currently holds a consensus rating of "Moderate Buy."

Boston Partners raised its holdings in shares of Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 8.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,705,390 shares of the oil and gas producer's stock after acquiring an additional 137,441 shares during the period. Boston Partners owned approximately 0.80% of Viper Energy worth $75,852,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP bought a new stake in Viper Energy during the fourth quarter valued at about $32,000. UMB Bank n.a. increased its holdings in shares of Viper Energy by 129.0% in the first quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer's stock valued at $33,000 after purchasing an additional 414 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in Viper Energy in the first quarter valued at approximately $34,000. Golden State Wealth Management LLC lifted its holdings in Viper Energy by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 1,000 shares of the oil and gas producer's stock worth $45,000 after acquiring an additional 500 shares in the last quarter. Finally, Park Square Financial Group LLC acquired a new stake in shares of Viper Energy during the fourth quarter worth $86,000. Institutional investors own 87.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VNOM. Barclays upped their price target on shares of Viper Energy from $57.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Evercore ISI boosted their target price on Viper Energy from $49.00 to $51.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Mizuho boosted their price target on Viper Energy from $54.00 to $55.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Piper Sandler increased their price target on Viper Energy from $66.00 to $68.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Bank of America lowered their target price on Viper Energy from $53.00 to $50.00 and set a "buy" rating for the company in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, Viper Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.15.

Viper Energy Stock Performance

NASDAQ:VNOM traded down $0.64 on Friday, reaching $37.79. 2,293,711 shares of the company's stock were exchanged, compared to its average volume of 1,991,963. The stock has a fifty day simple moving average of $38.57 and a 200-day simple moving average of $41.46. The firm has a market cap of $10.90 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 17.58 and a beta of 0.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 6.15 and a quick ratio of 6.15. Viper Energy Inc. has a 52 week low of $34.71 and a 52 week high of $56.76.

Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The company had revenue of $297.00 million during the quarter, compared to the consensus estimate of $285.35 million. Viper Energy had a net margin of 37.84% and a return on equity of 3.92%. The firm's revenue was up 37.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 EPS. As a group, sell-side analysts predict that Viper Energy Inc. will post 2.02 earnings per share for the current year.

Viper Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 14th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.12 dividend on an annualized basis and a yield of 5.6%. Viper Energy's dividend payout ratio (DPR) is presently 38.15%.

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.