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

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 34,663 shares of the oil and gas producer's stock, valued at approximately $1,701,000.

A number of other institutional investors have also modified their holdings of the stock. Golden State Wealth Management LLC purchased a new stake in shares of Viper Energy in the fourth quarter valued at approximately $25,000. Quarry LP purchased a new position in Viper Energy in the fourth quarter worth $32,000. Assetmark Inc. raised its position in Viper Energy by 321.7% in the fourth quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock worth $33,000 after acquiring an additional 518 shares in the last quarter. First Horizon Advisors Inc. raised its position in Viper Energy by 43.9% in the fourth quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock worth $34,000 after acquiring an additional 214 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in Viper Energy in the fourth quarter worth $55,000. Institutional investors and hedge funds own 87.72% of the company's stock.

Viper Energy Trading Up 0.1%

NASDAQ VNOM traded up $0.05 during mid-day trading on Wednesday, reaching $40.19. 103,650 shares of the stock were exchanged, compared to its average volume of 1,309,655. Viper Energy, Inc. has a 1-year low of $34.71 and a 1-year high of $56.76. The business's fifty day simple moving average is $41.05 and its 200 day simple moving average is $46.32. The stock has a market capitalization of $8.56 billion, a PE ratio of 17.25 and a beta of 1.05. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24.

Viper Energy (NASDAQ:VNOM - Get Free Report) last released its earnings results on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share for the quarter, topping 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 the consensus estimate of $233.99 million. During the same period in the prior year, the business posted $0.49 earnings per share. On average, research analysts anticipate that Viper Energy, Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 annualized dividend and a yield of 2.99%. Viper Energy's dividend payout ratio is presently 31.58%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wall Street Zen cut shares of Viper Energy from a "hold" rating to a "sell" rating in a report on Wednesday, May 7th. Barclays dropped their target price on shares of Viper Energy from $60.00 to $57.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Mizuho decreased their target price on Viper Energy from $56.00 to $54.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Raymond James set a $52.00 target price on Viper Energy in a research report on Monday, April 21st. Finally, Wells Fargo & Company decreased their target price on Viper Energy from $51.00 to $48.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $55.00.

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.