Viper Energy, Inc. (NASDAQ:VNOM) Shares Bought by Rhumbline Advisers

Rhumbline Advisers increased its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 26.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 339,045 shares of the oil and gas producer's stock after buying an additional 70,748 shares during the period. Rhumbline Advisers owned about 0.16% of Viper Energy worth $15,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Viper Energy by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 10,094,960 shares of the oil and gas producer's stock valued at $495,360,000 after acquiring an additional 239,404 shares during the last quarter. FIL Ltd raised its holdings in shares of Viper Energy by 8.5% in the 4th quarter. FIL Ltd now owns 3,964,130 shares of the oil and gas producer's stock valued at $194,520,000 after purchasing an additional 310,890 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Viper Energy by 20.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,309,425 shares of the oil and gas producer's stock worth $113,324,000 after buying an additional 389,473 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Viper Energy during the 4th quarter worth about $95,505,000. Finally, Geode Capital Management LLC boosted its position in shares of Viper Energy by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 1,733,745 shares of the oil and gas producer's stock worth $85,102,000 after acquiring an additional 35,084 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

Viper Energy Stock Performance

NASDAQ VNOM traded down $0.02 during trading hours on Monday, hitting $41.31. 1,127,633 shares of the stock were exchanged, compared to its average volume of 1,354,019. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. The company has a market cap of $11.92 billion, a price-to-earnings ratio of 17.73 and a beta of 1.00. Viper Energy, Inc. has a 12-month low of $34.71 and a 12-month high of $56.76. The stock has a 50-day moving average of $40.32 and a 200 day moving average of $45.58.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its earnings results on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.09. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. 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 business posted $0.49 EPS. As a group, equities research analysts forecast that Viper Energy, Inc. will post 2.02 earnings per share for the current year.

Viper Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.90%. Viper Energy's payout ratio is currently 31.58%.

Wall Street Analysts Forecast Growth

VNOM has been the subject of several recent analyst reports. KeyCorp decreased their target price on Viper Energy from $62.00 to $56.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. The Goldman Sachs Group set a $72.00 price objective on shares of Viper Energy in a research report on Monday, March 3rd. Bank of America dropped their price objective on Viper Energy from $53.00 to $50.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Wells Fargo & Company decreased their price objective on Viper Energy from $51.00 to $48.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Finally, Mizuho raised their target price on shares of Viper Energy from $54.00 to $55.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Viper Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.85.

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.