Phoenix Financial Ltd. purchased a new stake in shares of Viper Energy Inc. (NASDAQ:VNOM - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,341 shares of the oil and gas producer's stock, valued at approximately $331,000.
Other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in shares of Viper Energy by 8.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 28,607 shares of the oil and gas producer's stock worth $1,404,000 after purchasing an additional 2,179 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Viper Energy by 1.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 24,230 shares of the oil and gas producer's stock worth $1,189,000 after purchasing an additional 397 shares during the last quarter. American Century Companies Inc. grew 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 worth $1,243,000 after purchasing an additional 268 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Viper Energy in the fourth quarter valued at $1,045,000. Finally, LPL Financial LLC boosted its holdings in Viper Energy by 19.4% in the fourth quarter. LPL Financial LLC now owns 87,033 shares of the oil and gas producer's stock valued at $4,271,000 after acquiring an additional 14,118 shares in the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms recently weighed in on VNOM. JPMorgan Chase & Co. cut their price target on shares of Viper Energy from $49.00 to $47.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Mizuho lifted their price target on Viper Energy from $54.00 to $55.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Raymond James Financial reissued an "outperform" rating and issued a $57.00 target price (down previously from $60.00) on shares of Viper Energy in a research report on Tuesday. Evercore ISI boosted their target price on Viper Energy from $49.00 to $51.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Finally, Piper Sandler boosted their target price on Viper Energy from $65.00 to $66.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $57.23.
Get Our Latest Stock Analysis on VNOM
Viper Energy Stock Performance
Shares of NASDAQ:VNOM traded down $0.04 during mid-day trading on Wednesday, reaching $37.79. 303,518 shares of the company traded hands, compared to its average volume of 1,580,420. The company's 50 day moving average price is $39.21 and its 200-day moving average price is $42.54. The firm has a market cap of $10.90 billion, a PE ratio of 9.94, a PEG ratio of 17.42 and a beta of 0.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 8.70 and a quick ratio of 8.70. Viper Energy Inc. has a 52 week low of $34.71 and a 52 week high of $56.76.
Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its quarterly 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 5.41% and a net margin of 43.43%. The business had revenue of $245.00 million during the quarter, compared to the consensus estimate of $233.99 million. During the same period in the prior year, the company posted $0.49 EPS. On average, equities analysts expect that Viper Energy Inc. will post 2.02 EPS for the current fiscal year.
Viper Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were paid a $0.30 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.20 annualized dividend and a yield of 3.18%. Viper Energy's payout ratio is 31.58%.
About Viper Energy
(
Free Report)
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.
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