Viper Energy Inc. $VNOM Position Lifted by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Viper Energy by 102.6% during the first quarter, owning approximately $52.75 million worth of shares.
• Viper Energy reported earnings of $0.41 per share, surpassing analysts' estimates, with a net margin of 37.84% and revenue up 37.1% year-over-year.
• Recent dividend announcement reveals a quarterly payout of $0.53, with a dividend yield of 5.6% and a payout ratio of 38.15%.

Invesco Ltd. lifted its holdings in Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 102.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,168,306 shares of the oil and gas producer's stock after acquiring an additional 591,669 shares during the period. Invesco Ltd. owned approximately 0.55% of Viper Energy worth $52,749,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in VNOM. Wells Fargo & Company MN increased its position in shares of Viper Energy by 11.1% in the fourth quarter. Wells Fargo & Company MN now owns 115,370 shares of the oil and gas producer's stock worth $5,661,000 after acquiring an additional 11,493 shares in the last quarter. Bank of Montreal Can increased its position in shares of Viper Energy by 20.1% in the fourth quarter. Bank of Montreal Can now owns 14,253 shares of the oil and gas producer's stock worth $699,000 after acquiring an additional 2,390 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Viper Energy by 48.5% in the fourth quarter. Sterling Capital Management LLC now owns 4,789 shares of the oil and gas producer's stock worth $235,000 after acquiring an additional 1,563 shares in the last quarter. Barclays PLC increased its position in shares of Viper Energy by 77.0% in the fourth quarter. Barclays PLC now owns 77,810 shares of the oil and gas producer's stock worth $3,819,000 after acquiring an additional 33,848 shares in the last quarter. Finally, Mariner LLC acquired a new stake in shares of Viper Energy in the fourth quarter worth $249,000. Institutional investors and hedge funds own 87.72% of the company's stock.

Viper Energy Stock Down 0.4%

Shares of VNOM stock traded down $0.15 on Wednesday, hitting $37.22. The stock had a trading volume of 3,359,186 shares, compared to its average volume of 1,713,655. The firm has a market capitalization of $10.74 billion, a price-to-earnings ratio of 10.76, a P/E/G ratio of 17.33 and a beta of 0.99. The stock's 50 day moving average is $38.42 and its 200-day moving average is $41.36. The company has a debt-to-equity ratio of 0.13, a quick ratio of 6.15 and a current 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 announced its 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 net margin of 37.84% and a return on equity of 3.92%. The business had revenue of $297.00 million during the quarter, compared to the consensus estimate of $285.35 million. During the same period in the prior year, the firm earned $0.62 earnings per share. The business's quarterly revenue was up 37.1% compared to the same quarter last year. As a group, research analysts expect that Viper Energy Inc. will post 2.02 earnings per share for the current year.

Viper Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Thursday, August 14th. Viper Energy's dividend payout ratio is 38.15%.

Analysts Set New Price Targets

Several research firms have recently issued reports on VNOM. Wells Fargo & Company dropped their price objective on shares of Viper Energy from $51.00 to $48.00 and set an "overweight" rating for the company in a research report on Thursday, August 14th. Wall Street Zen lowered shares of Viper Energy from a "hold" rating to a "sell" rating in a research report on Saturday. Piper Sandler increased their price objective on shares of Viper Energy from $66.00 to $68.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. dropped their price objective on shares of Viper Energy from $49.00 to $47.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. Finally, Raymond James Financial restated an "outperform" rating and issued a $57.00 target price (down from $60.00) on shares of Viper Energy in a research note on Tuesday, July 29th. Fourteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Viper Energy presently has a consensus rating of "Buy" and a consensus price target of $56.36.

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.