MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Invests $1.70 Million in Viper Energy, Inc. (NASDAQ:VNOM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 34,663 shares of the oil and gas producer's stock, valued at approximately $1,701,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in shares of Viper Energy during the 4th quarter worth approximately $25,000. Quarry LP purchased a new stake in shares of Viper Energy in the fourth quarter valued at $32,000. Assetmark Inc. boosted its stake in shares of Viper Energy by 321.7% during the fourth quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock valued at $33,000 after acquiring an additional 518 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in Viper Energy by 43.9% in the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock valued at $34,000 after purchasing an additional 214 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Viper Energy during the 4th quarter worth about $55,000. Institutional investors and hedge funds own 87.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on VNOM shares. Bank of America cut their target price on Viper Energy from $53.00 to $50.00 and set a "buy" rating on the stock in a research report on Friday. Truist Financial reduced their target price on shares of Viper Energy from $78.00 to $68.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on Viper Energy from $49.00 to $47.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Wells Fargo & Company decreased 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 Monday, April 21st. Finally, The Goldman Sachs Group set a $72.00 target price on shares of Viper Energy in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Viper Energy has a consensus rating of "Moderate Buy" and a consensus price target of $55.00.

Viper Energy Stock Up 0.7%

Shares of NASDAQ VNOM traded up $0.26 during trading on Tuesday, hitting $39.93. The stock had a trading volume of 369,275 shares, compared to its average volume of 1,312,713. The firm has a fifty day moving average of $41.16 and a two-hundred day moving average of $46.37. The company has a market capitalization of $8.51 billion, a PE ratio of 17.15 and a beta of 1.05. Viper Energy, Inc. has a 12 month low of $34.71 and a 12 month high of $56.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24.

Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.09. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The firm had revenue of $245.00 million for the quarter, compared to analysts' expectations of $233.99 million. During the same period in the prior year, the business posted $0.49 earnings per share. As a group, equities research analysts forecast 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. This represents a $1.20 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Thursday, May 15th. Viper Energy's payout ratio is 31.58%.

Viper Energy Company Profile

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.