Oak Thistle LLC Buys 16,497 Shares of Viper Energy Inc. (NASDAQ:VNOM)

Oak Thistle LLC grew its position in Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 305.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 21,897 shares of the oil and gas producer's stock after buying an additional 16,497 shares during the period. Oak Thistle LLC's holdings in Viper Energy were worth $989,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. boosted its position in Viper Energy by 1.1% during 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 last quarter. Segment Wealth Management LLC boosted its position in Viper Energy by 3.9% during the first quarter. Segment Wealth Management LLC now owns 9,520 shares of the oil and gas producer's stock valued at $430,000 after purchasing an additional 360 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Viper Energy by 1.7% during the fourth 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 purchasing an additional 381 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Viper Energy by 1.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 24,230 shares of the oil and gas producer's stock valued at $1,189,000 after purchasing an additional 397 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position in Viper Energy by 5.1% during the first quarter. Private Advisor Group LLC now owns 8,260 shares of the oil and gas producer's stock valued at $373,000 after purchasing an additional 398 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Stock Down 0.2%

Viper Energy stock traded down $0.06 during midday trading on Friday, reaching $37.91. The stock had a trading volume of 983,386 shares, compared to its average volume of 1,680,806. The company has a market capitalization of $10.94 billion, a P/E ratio of 9.98, a PEG ratio of 17.33 and a beta of 0.97. The company has a current ratio of 8.70, a quick ratio of 8.70 and a debt-to-equity ratio of 0.15. Viper Energy Inc. has a 12 month low of $34.71 and a 12 month high of $56.76. The company has a fifty day moving average price of $39.35 and a two-hundred day moving average price of $42.71.

Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its quarterly earnings data 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 5.41% and a net margin of 43.43%. The business had revenue of $245.00 million during the quarter, compared to analyst estimates of $233.99 million. During the same period in the prior year, the company earned $0.49 earnings per share. As a group, equities analysts expect that Viper Energy Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were given a $0.30 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.17%. Viper Energy's dividend payout ratio (DPR) is presently 31.58%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on VNOM. Barclays raised their price objective on Viper Energy from $57.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Mizuho increased their target price on Viper Energy from $54.00 to $55.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Piper Sandler raised their price objective on Viper Energy from $65.00 to $66.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. KeyCorp lowered their price objective on Viper Energy from $62.00 to $56.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, TD Securities raised their target price on Viper Energy from $57.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Viper Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.46.

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.