Quantbot Technologies LP Buys 10,481 Shares of Viper Energy Inc. $VNOM

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Quantbot Technologies LP raised its holdings in shares of Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 11.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,748 shares of the oil and gas producer's stock after purchasing an additional 10,481 shares during the period. Quantbot Technologies LP's holdings in Viper Energy were worth $4,684,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Swiss National Bank lifted its position in Viper Energy by 22.1% during the 1st quarter. Swiss National Bank now owns 247,177 shares of the oil and gas producer's stock valued at $11,160,000 after purchasing an additional 44,700 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Viper Energy during the 4th quarter valued at about $1,701,000. Principal Financial Group Inc. lifted its position in Viper Energy by 27.6% during the 1st quarter. Principal Financial Group Inc. now owns 302,575 shares of the oil and gas producer's stock valued at $13,661,000 after purchasing an additional 65,375 shares during the period. Amalgamated Bank lifted its position in Viper Energy by 21.3% during the 1st quarter. Amalgamated Bank now owns 59,901 shares of the oil and gas producer's stock valued at $2,705,000 after purchasing an additional 10,529 shares during the period. Finally, Stephens Investment Management Group LLC lifted its position in Viper Energy by 21.2% during the 1st quarter. Stephens Investment Management Group LLC now owns 1,552,974 shares of the oil and gas producer's stock valued at $70,117,000 after purchasing an additional 271,337 shares during the period. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Price Performance

NASDAQ VNOM opened at $37.24 on Tuesday. The business has a 50 day simple moving average of $38.49 and a 200 day simple moving average of $41.39. Viper Energy Inc. has a 52-week low of $34.71 and a 52-week high of $56.76. The company has a debt-to-equity ratio of 0.13, a quick ratio of 6.15 and a current ratio of 6.15. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 17.58 and a beta of 0.99.

Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its earnings results on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The business had revenue of $297.00 million during the quarter, compared to analysts' expectations of $285.35 million. Viper Energy had a return on equity of 3.92% and a net margin of 37.84%. Viper Energy's revenue for the quarter was up 37.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 EPS. Analysts anticipate that Viper Energy Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th will be issued a $0.53 dividend. The ex-dividend date is Thursday, August 14th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.7%. Viper Energy's dividend payout ratio (DPR) is 38.15%.

Analysts Set New Price Targets

A number of research analysts have issued reports on VNOM shares. Evercore ISI upped their target price on shares of Viper Energy from $49.00 to $51.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Wells Fargo & Company cut their price target on shares of Viper Energy from $51.00 to $48.00 and set an "overweight" rating on the stock in a research report on Thursday, August 14th. Raymond James Financial reiterated an "outperform" rating and issued a $57.00 price target (down from $60.00) on shares of Viper Energy in a research report on Tuesday, July 29th. Barclays increased their price target on shares of Viper Energy from $57.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley began coverage on shares of Viper Energy in a research report on Monday. They issued an "overweight" rating and a $46.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Viper Energy has a consensus rating of "Moderate Buy" and an average target price of $56.36.

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.

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