Deutsche Bank AG Has $2.85 Million Stake in Viper Energy Inc. $VNOM

Key Points

• Deutsche Bank AG has reduced its holdings in Viper Energy Inc. by 60.7%, owning 63,219 shares after selling 97,811 shares in the first quarter, valuing its investment at approximately $2.85 million.
• Viper Energy's recent earnings report indicated a 37.1% year-over-year revenue increase, with an EPS of $0.41 exceeding estimates by $0.07.
• Multiple brokerages, including Mizuho and Evercore ISI, have issued target price upgrades for Viper Energy, with an overall consensus target price of $56.36 and a rating of "Buy" from 14 analysts.

Deutsche Bank AG decreased its stake in shares of Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 60.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 63,219 shares of the oil and gas producer's stock after selling 97,811 shares during the quarter. Deutsche Bank AG's holdings in Viper Energy were worth $2,854,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Viper Energy by 28.9% in the first 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. increased its stake in 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 valued at $113,324,000 after acquiring an additional 389,473 shares during the period. Stephens Investment Management Group LLC increased its stake in 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 acquiring an additional 271,337 shares during the period. Woodline Partners LP increased its stake in Viper Energy by 2.7% in the fourth quarter. Woodline Partners LP now owns 1,441,269 shares of the oil and gas producer's stock valued at $70,723,000 after acquiring an additional 37,340 shares during the period. Finally, GW&K Investment Management LLC increased its stake in Viper Energy by 36.0% in the first 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 acquiring an additional 283,628 shares during the period. Institutional investors own 87.72% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on VNOM shares. Wall Street Zen cut shares of Viper Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Morgan Stanley started coverage on shares of Viper Energy in a research note on Monday, August 18th. They issued an "overweight" rating and a $46.00 target price on the stock. Evercore ISI upped their target price on shares of Viper Energy from $49.00 to $51.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. TD Securities upped their target price on shares of Viper Energy from $57.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Piper Sandler boosted their price target on shares of Viper Energy from $66.00 to $68.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Fourteen research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $56.36.

Viper Energy Price Performance

Shares of VNOM stock traded up $1.83 during trading hours on Friday, reaching $38.99. 1,824,001 shares of the company were exchanged, compared to its average volume of 2,596,098. Viper Energy Inc. has a fifty-two week low of $34.71 and a fifty-two week high of $56.76. The stock's fifty day moving average is $38.17 and its two-hundred day moving average is $41.19. The company has a market cap of $11.25 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 16.55 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 (NASDAQ:VNOM - Get Free Report) last announced its earnings results 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. Viper Energy had a net margin of 37.84% and a return on equity of 3.92%. The company had revenue of $297.00 million for the quarter, compared to analyst estimates of $285.35 million. During the same period in the prior year, the business earned $0.62 earnings per share. Viper Energy's quarterly revenue was up 37.1% on a year-over-year basis. Sell-side analysts forecast that Viper Energy Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Thursday, August 14th. Viper Energy's dividend payout ratio is presently 38.15%.

About Viper Energy

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.