TD Private Client Wealth LLC Has $1.30 Million Stock Holdings in Viper Energy Inc. $VNOM

Key Points

• TD Private Client Wealth LLC increased its ownership in Viper Energy Inc. by 41.8% during the second quarter, now holding $1.30 million worth of shares.
• Viper Energy reported $0.41 earnings per share for the last quarter, exceeding analysts' expectations, with a 37.1% increase in revenue compared to the previous year.
• Despite a recent dividend payment, Viper Energy's stock has seen analysts adjust target prices downwards, with a consensus rating of "Buy" and an average target price of $55.53.

TD Private Client Wealth LLC grew its stake in Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 41.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,071 shares of the oil and gas producer's stock after buying an additional 10,048 shares during the period. TD Private Client Wealth LLC's holdings in Viper Energy were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in VNOM. UMB Bank n.a. grew its holdings 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 valued at $33,000 after buying an additional 414 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Viper Energy during the first quarter worth $34,000. AlphaQuest LLC purchased a new stake in shares of Viper Energy in the first quarter worth about $41,000. Golden State Wealth Management LLC boosted its stake in 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 valued at $45,000 after buying an additional 500 shares during the period. Finally, US Bancorp DE raised its position in shares of Viper Energy by 39.1% during the 1st quarter. US Bancorp DE now owns 1,965 shares of the oil and gas producer's stock valued at $89,000 after buying an additional 552 shares in the last quarter. Institutional investors own 87.72% of the company's stock.

Viper Energy Price Performance

Viper Energy stock opened at $39.60 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 6.15 and a quick ratio of 6.15. The stock has a market cap of $11.43 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 17.72 and a beta of 1.04. The firm has a 50-day moving average of $38.20 and a two-hundred day moving average of $39.77. Viper Energy Inc. has a 1 year low of $34.71 and a 1 year high of $56.76.

Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. The firm had revenue of $297.00 million during the quarter, compared to analyst estimates of $285.35 million. Viper Energy had a return on equity of 3.92% and a net margin of 37.84%.Viper Energy's quarterly revenue was up 37.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 earnings per share. On average, research analysts forecast that Viper Energy Inc. will post 2.02 earnings per share for the current year.

Viper Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 5.4%. The ex-dividend date was Thursday, August 14th. Viper Energy's dividend payout ratio is presently 38.15%.

Analyst Ratings Changes

VNOM has been the topic of several analyst reports. Raymond James Financial reiterated an "outperform" rating and issued a $57.00 price objective (down previously from $60.00) on shares of Viper Energy in a report on Tuesday, July 29th. Mizuho dropped their target price on shares of Viper Energy from $55.00 to $51.00 and set an "outperform" rating on the stock in a research note on Monday, September 15th. Evercore ISI boosted their target price on shares of Viper Energy from $49.00 to $51.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Piper Sandler boosted their price objective on shares of Viper Energy from $66.00 to $68.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Finally, TD Securities lifted their price objective on shares of Viper Energy from $57.00 to $58.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Sixteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $55.53.

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.

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