U S Global Investors Inc. trimmed its holdings in Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 50.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,500 shares of the oil and gas producer's stock after selling 7,500 shares during the period. U S Global Investors Inc.'s holdings in Viper Energy were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of VNOM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Viper Energy in the 4th quarter valued at approximately $1,701,000. GAMMA Investing LLC lifted its stake in Viper Energy by 6,591.3% in the first quarter. GAMMA Investing LLC now owns 91,068 shares of the oil and gas producer's stock valued at $4,112,000 after buying an additional 89,707 shares in the last quarter. FORA Capital LLC boosted its holdings in shares of Viper Energy by 196.5% in the fourth quarter. FORA Capital LLC now owns 13,326 shares of the oil and gas producer's stock valued at $654,000 after buying an additional 8,831 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of Viper Energy in the fourth quarter valued at approximately $358,000. Finally, Retirement Systems of Alabama boosted its holdings in shares of Viper Energy by 21.5% in the first quarter. Retirement Systems of Alabama now owns 339,124 shares of the oil and gas producer's stock valued at $15,311,000 after buying an additional 60,112 shares during the period. 87.72% of the stock is currently owned by institutional investors.
Viper Energy Stock Performance
Shares of NASDAQ:VNOM traded up $0.12 on Tuesday, hitting $38.25. The company had a trading volume of 1,463,395 shares, compared to its average volume of 1,375,276. The stock has a market cap of $11.04 billion, a price-to-earnings ratio of 10.07, a P/E/G ratio of 18.29 and a beta of 1.00. The stock has a 50 day moving average price of $40.68 and a 200 day moving average price of $44.17. Viper Energy Inc. has a 1-year low of $34.71 and a 1-year high of $56.76. 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 (NASDAQ:VNOM - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share (EPS) 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 the consensus estimate of $233.99 million. During the same period in the previous year, the company posted $0.49 EPS. Analysts expect that Viper Energy Inc. will post 2.02 EPS for the current year.
Viper Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Thursday, May 15th. Viper Energy's dividend payout ratio is currently 31.58%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. The Goldman Sachs Group set a $72.00 price objective on shares of Viper Energy in a research report on Monday, March 3rd. Wells Fargo & Company upped their price objective on Viper Energy from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Monday, June 16th. Evercore ISI lifted their target price on Viper Energy from $49.00 to $51.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Barclays upped their price target on Viper Energy from $57.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Finally, Raymond James Financial restated an "outperform" rating and set a $60.00 target price (up previously from $54.00) on shares of Viper Energy in a report on Thursday, June 5th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $57.00.
Check Out Our Latest Report on VNOM
Viper Energy Profile
(
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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