Epoch Investment Partners Inc. decreased its position in Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 6.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,390,792 shares of the oil and gas producer's stock after selling 152,417 shares during the period. Epoch Investment Partners Inc. owned approximately 1.12% of Viper Energy worth $107,944,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of VNOM. Quarry LP purchased a new position in Viper Energy in the 4th quarter worth about $32,000. UMB Bank n.a. increased its holdings in Viper Energy by 129.0% in the 1st quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer's stock worth $33,000 after acquiring an additional 414 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Viper Energy in the 1st quarter worth approximately $34,000. AlphaQuest LLC purchased a new stake in Viper Energy in the 1st quarter worth approximately $41,000. Finally, Golden State Wealth Management LLC increased its holdings in Viper Energy by 100.0% in 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 acquiring an additional 500 shares in the last quarter. Institutional investors own 87.72% of the company's stock.
Analyst Ratings Changes
Several research firms recently issued reports on VNOM. Raymond James Financial reissued an "outperform" rating and issued a $57.00 target price (down from $60.00) on shares of Viper Energy in a report on Tuesday, July 29th. Wells Fargo & Company dropped their price target on Viper Energy from $51.00 to $48.00 and set an "overweight" rating for the company in a research note on Thursday, August 14th. Evercore ISI upped their price target on Viper Energy from $49.00 to $51.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Roth Capital set a $50.00 price target on Viper Energy and gave the stock a "buy" rating in a research note on Tuesday. Finally, William Blair initiated coverage on Viper Energy in a research note on Monday, August 25th. They issued an "outperform" rating for the company. Sixteen research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $55.93.
Get Our Latest Research Report on VNOM
Viper Energy Price Performance
Shares of NASDAQ VNOM traded down $0.46 during midday trading on Friday, reaching $39.85. 1,332,844 shares of the stock traded hands, compared to its average volume of 2,743,272. The company has a debt-to-equity ratio of 0.13, a current ratio of 6.15 and a quick ratio of 6.15. The stock has a market capitalization of $11.50 billion, a PE ratio of 11.52, a P/E/G ratio of 17.73 and a beta of 0.99. Viper Energy Inc. has a one year low of $34.71 and a one year high of $56.76. The company's 50 day moving average is $38.01 and its 200 day moving average is $40.76.
Viper Energy (NASDAQ:VNOM - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Viper Energy had a return on equity of 3.92% and a net margin of 37.84%.The company had revenue of $297.00 million for the quarter, compared to analyst estimates of $285.35 million. During the same quarter in the prior year, the firm posted $0.62 EPS. Viper Energy's quarterly revenue was up 37.1% compared to the same quarter last year. On average, equities research analysts anticipate that Viper Energy Inc. will post 2.02 earnings per share for the current year.
Viper Energy Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 5.3%. The ex-dividend date was Thursday, August 14th. Viper Energy's dividend payout ratio is presently 38.15%.
Viper Energy Company 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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