Viper Energy Inc. $VNOM Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. has increased its holdings in Viper Energy by 22.5%, now owning approximately 774,626 shares valued at $34.97 million.
• Viper Energy's most recent quarterly earnings exceeded analyst expectations with an EPS of $0.41 and revenue of $297 million, marking a 37.1% year-over-year increase.
• Despite a positive earnings report, Viper Energy cut its dividend and saw its stock price decrease by 1.5% on the open market, reflecting ongoing volatility in the oil sector.

Charles Schwab Investment Management Inc. boosted its stake in shares of Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 22.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 774,626 shares of the oil and gas producer's stock after purchasing an additional 142,058 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.36% of Viper Energy worth $34,974,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Viper Energy by 28.9% in the 1st quarter. Vanguard Group Inc. now owns 13,016,792 shares of the oil and gas producer's stock valued at $587,708,000 after acquiring an additional 2,921,832 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of Viper Energy by 20.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,309,425 shares of the oil and gas producer's stock worth $113,324,000 after buying an additional 389,473 shares during the period. Stephens Investment Management Group LLC grew its stake in shares of Viper Energy by 21.2% in the first quarter. Stephens Investment Management Group LLC now owns 1,552,974 shares of the oil and gas producer's stock valued at $70,117,000 after buying an additional 271,337 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Viper Energy by 2.7% during the 4th quarter. Woodline Partners LP now owns 1,441,269 shares of the oil and gas producer's stock valued at $70,723,000 after buying an additional 37,340 shares during the period. Finally, GW&K Investment Management LLC raised its holdings in shares of Viper Energy by 36.0% during the 1st quarter. GW&K Investment Management LLC now owns 1,072,101 shares of the oil and gas producer's stock valued at $48,405,000 after buying an additional 283,628 shares during the period. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VNOM has been the topic of several analyst reports. Piper Sandler raised their target price on Viper Energy from $66.00 to $68.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Mizuho lifted their price target on shares of Viper Energy from $54.00 to $55.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Wells Fargo & Company dropped their price target on shares of Viper Energy from $51.00 to $48.00 and set an "overweight" rating on the stock in a research note on Thursday, August 14th. Barclays raised 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. Finally, Wall Street Zen lowered shares of Viper Energy from a "hold" rating to a "sell" rating in a report on Saturday. Fourteen investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $56.36.

Viper Energy Stock Performance

Shares of NASDAQ VNOM traded down $0.15 during midday trading on Wednesday, hitting $37.22. The company's stock had a trading volume of 3,370,984 shares, compared to its average volume of 2,417,234. Viper Energy Inc. has a 1-year low of $34.71 and a 1-year high of $56.76. The firm's fifty day moving average price is $38.32 and its 200-day moving average price is $41.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 6.15 and a current ratio of 6.15. The firm has a market cap of $10.74 billion, a P/E ratio of 20.09, a P/E/G ratio of 17.39 and a beta of 0.99.

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

Viper Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, August 14th. Viper Energy's dividend payout ratio (DPR) is 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.