Ninety One UK Ltd Purchases New Holdings in Viper Energy Inc. (NASDAQ:VNOM)

Ninety One UK Ltd purchased a new stake in shares of Viper Energy Inc. (NASDAQ:VNOM - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 161,078 shares of the oil and gas producer's stock, valued at approximately $7,273,000. Ninety One UK Ltd owned 0.08% of Viper Energy as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in VNOM. American Century Companies Inc. boosted its holdings in shares of Viper Energy by 1.1% in the fourth quarter. American Century Companies Inc. now owns 25,323 shares of the oil and gas producer's stock valued at $1,243,000 after purchasing an additional 268 shares during the period. Segment Wealth Management LLC increased its position in shares of Viper Energy by 3.9% in the 1st quarter. Segment Wealth Management LLC now owns 9,520 shares of the oil and gas producer's stock valued at $430,000 after acquiring an additional 360 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Viper Energy by 1.7% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,743 shares of the oil and gas producer's stock valued at $1,116,000 after acquiring an additional 381 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Viper Energy by 1.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 24,230 shares of the oil and gas producer's stock valued at $1,189,000 after acquiring an additional 397 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in shares of Viper Energy by 1.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 20,861 shares of the oil and gas producer's stock valued at $942,000 after acquiring an additional 399 shares during the period. 87.72% of the stock is owned by institutional investors.

Viper Energy Trading Down 1.2%

Shares of NASDAQ VNOM traded down $0.44 during trading on Thursday, reaching $36.78. The stock had a trading volume of 623,726 shares, compared to its average volume of 1,397,034. Viper Energy Inc. has a fifty-two week low of $34.71 and a fifty-two week high of $56.76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 8.70 and a current ratio of 8.70. The business's 50-day moving average price is $40.23 and its 200-day moving average price is $43.70. The company has a market cap of $10.61 billion, a P/E ratio of 9.67, a PEG ratio of 18.36 and a beta of 0.97.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.09. The firm had revenue of $245.00 million during the quarter, compared to analyst estimates of $233.99 million. Viper Energy had a return on equity of 5.41% and a net margin of 43.43%. During the same period last year, the business posted $0.49 earnings per share. On average, equities research analysts predict that Viper Energy Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders 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 dividend yield of 3.26%. The ex-dividend date of this dividend was Thursday, May 15th. Viper Energy's dividend payout ratio (DPR) is currently 31.58%.

Analyst Ratings Changes

Several research firms recently issued reports on VNOM. TD Securities upped their target price on Viper Energy from $57.00 to $58.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Wells Fargo & Company upped their price target on shares of Viper Energy from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Monday, June 16th. Piper Sandler lowered their target price on shares of Viper Energy from $62.00 to $61.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. JPMorgan Chase & Co. lowered their target price on shares of Viper Energy from $49.00 to $47.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Finally, Raymond James Financial reissued an "outperform" rating and set a $60.00 target price (up from $54.00) on shares of Viper Energy in a research note on Thursday, June 5th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Viper Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.00.

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.