Louisiana State Employees Retirement System increased its position in shares of Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 28.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,800 shares of the oil and gas producer's stock after buying an additional 8,200 shares during the period. Louisiana State Employees Retirement System's holdings in Viper Energy were worth $1,662,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Quarry LP bought a new stake in Viper Energy in the fourth quarter worth about $32,000. UMB Bank n.a. raised its position in shares of Viper Energy by 129.0% in the first quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer's stock valued at $33,000 after purchasing an additional 414 shares during the period. Golden State Wealth Management LLC raised its position in shares of Viper Energy by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 1,000 shares of the oil and gas producer's stock valued at $45,000 after purchasing an additional 500 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Viper Energy in the fourth quarter valued at approximately $55,000. Finally, Covestor Ltd raised its position in shares of Viper Energy by 8,100.0% in the fourth quarter. Covestor Ltd now owns 1,312 shares of the oil and gas producer's stock valued at $64,000 after purchasing an additional 1,296 shares during the period. Institutional investors own 87.72% of the company's stock.
Viper Energy Price Performance
Shares of VNOM traded up $0.65 during trading hours on Friday, reaching $38.71. 1,442,924 shares of the company traded hands, compared to its average volume of 1,418,259. The company has a quick ratio of 8.70, a current ratio of 8.70 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $11.17 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 18.79 and a beta of 0.97. Viper Energy Inc. has a fifty-two week low of $34.71 and a fifty-two week high of $56.76. The stock has a fifty day simple moving average of $39.79 and a 200 day simple moving average of $43.15.
Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its earnings results on Monday, May 5th. The oil and gas producer reported $0.54 EPS for the quarter, beating the consensus estimate of $0.45 by $0.09. Viper Energy had a return on equity of 5.41% and a net margin of 43.43%. The business had revenue of $245.00 million for the quarter, compared to the consensus estimate of $233.99 million. During the same period last year, the business posted $0.49 EPS. As a group, research analysts predict that Viper Energy Inc. will post 2.02 EPS for the current fiscal year.
Viper Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.10%. Viper Energy's dividend payout ratio (DPR) is presently 31.58%.
Analyst Ratings Changes
VNOM has been the topic of a number of analyst reports. Bank of America decreased their target price on shares of Viper Energy from $53.00 to $50.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Wall Street Zen raised shares of Viper Energy from a "sell" rating to a "hold" rating in a report on Sunday, June 29th. JPMorgan Chase & Co. cut their price target on shares of Viper Energy from $49.00 to $47.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. TD Securities boosted their price target on shares of Viper Energy from $57.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Wells Fargo & Company boosted their price target on shares of Viper Energy from $50.00 to $51.00 and gave the stock an "overweight" rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.46.
Read Our Latest Analysis 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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