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

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

A number of other large investors also recently bought and sold shares of the business. Quarry LP acquired a new position in shares of Viper Energy during the fourth quarter worth $32,000. Assetmark Inc. increased its position 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 worth $33,000 after purchasing an additional 518 shares in the last quarter. UMB Bank n.a. increased its position in shares of Viper Energy by 129.0% during the first quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer's stock worth $33,000 after purchasing an additional 414 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Viper Energy by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 1,000 shares of the oil and gas producer's stock worth $45,000 after purchasing an additional 500 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Viper Energy during the fourth quarter worth $55,000. Institutional investors own 87.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on VNOM shares. Bank of America reduced their price target on Viper Energy from $53.00 to $50.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Evercore ISI upped their target price on Viper Energy from $49.00 to $51.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Mizuho upped their target price on Viper Energy from $54.00 to $55.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Raymond James Financial reissued an "outperform" rating and issued a $60.00 target price (up from $54.00) on shares of Viper Energy in a research report on Thursday, June 5th. Finally, JPMorgan Chase & Co. cut their target price on Viper Energy from $49.00 to $47.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $57.00.

Viper Energy Price Performance

Shares of VNOM stock traded up $1.45 during mid-day trading on Friday, hitting $38.57. 2,001,144 shares of the stock were exchanged, compared to its average volume of 1,406,131. The firm has a fifty day moving average of $40.14 and a 200 day moving average of $43.63. The company has a quick ratio of 8.70, a current ratio of 8.70 and a debt-to-equity ratio of 0.15. Viper Energy Inc. has a 52-week low of $34.71 and a 52-week high of $56.76. The company has a market cap of $11.13 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 18.06 and a beta of 0.97.

Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its earnings results on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.09. Viper Energy had a net margin of 43.43% and a return on equity of 5.41%. The business had revenue of $245.00 million for the quarter, compared to analyst estimates of $233.99 million. During the same period in the prior year, the company posted $0.49 EPS. Research analysts anticipate that Viper Energy Inc. will post 2.02 earnings per share for the current year.

Viper Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend was Thursday, May 15th. Viper Energy's dividend payout ratio is presently 31.58%.

Viper Energy 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.