GW&K Investment Management LLC raised its position in Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 36.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,072,101 shares of the oil and gas producer's stock after purchasing an additional 283,628 shares during the period. GW&K Investment Management LLC owned 0.50% of Viper Energy worth $48,405,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Viper Energy by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 10,094,960 shares of the oil and gas producer's stock valued at $495,360,000 after acquiring an additional 239,404 shares during the period. FIL Ltd raised its holdings in Viper Energy by 8.5% during the fourth quarter. FIL Ltd now owns 3,964,130 shares of the oil and gas producer's stock worth $194,520,000 after buying an additional 310,890 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Viper Energy by 20.3% during 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 last quarter. Geode Capital Management LLC raised its holdings in Viper Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 1,733,745 shares of the oil and gas producer's stock worth $85,102,000 after buying an additional 35,084 shares during the last quarter. Finally, Stephens Investment Management Group LLC raised its holdings in Viper Energy by 21.2% during the first quarter. Stephens Investment Management Group LLC now owns 1,552,974 shares of the oil and gas producer's stock worth $70,117,000 after buying an additional 271,337 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.
Viper Energy Stock Performance
Shares of VNOM stock traded down $1.25 on Monday, reaching $37.46. The stock had a trading volume of 1,591,165 shares, compared to its average volume of 1,418,951. Viper Energy Inc. has a 12 month low of $34.71 and a 12 month high of $56.76. The firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of 9.86, a P/E/G ratio of 18.01 and a beta of 0.97. The firm's 50-day moving average is $39.79 and its two-hundred day moving average is $43.10. The company has a quick ratio of 8.70, a current ratio of 8.70 and a debt-to-equity ratio of 0.15.
Viper Energy (NASDAQ:VNOM - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.09. The firm had revenue of $245.00 million during the quarter, compared to the consensus estimate of $233.99 million. Viper Energy had a net margin of 43.43% and a return on equity of 5.41%. During the same quarter last year, the firm earned $0.49 earnings per share. On average, research analysts expect that Viper Energy Inc. will post 2.02 EPS for the current fiscal year.
Viper Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were paid a $0.30 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.20%. Viper Energy's dividend payout ratio is presently 31.58%.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on VNOM. TD Securities increased their price target on shares of Viper Energy from $57.00 to $58.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Mizuho lifted their price target on Viper Energy from $54.00 to $55.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Evercore ISI boosted 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. JPMorgan Chase & Co. decreased their price target on Viper Energy from $49.00 to $47.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Finally, Piper Sandler increased their price target on Viper Energy from $65.00 to $66.00 and gave the company an "overweight" rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Viper Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.46.
View Our Latest Report on VNOM
About Viper Energy
(
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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