Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Viper Energy Inc. (NASDAQ:VNOM - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 111,826 shares of the oil and gas producer's stock, valued at approximately $5,049,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.05% of Viper Energy at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in VNOM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Viper Energy during the 4th quarter worth $1,701,000. Principal Financial Group Inc. grew its holdings 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 worth $13,661,000 after acquiring an additional 65,375 shares in the last quarter. Amalgamated Bank grew its holdings 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 worth $2,705,000 after acquiring an additional 10,529 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings 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 worth $70,117,000 after acquiring an additional 271,337 shares in the last quarter. Finally, New Mexico Educational Retirement Board grew its holdings in Viper Energy by 38.4% during the 1st quarter. New Mexico Educational Retirement Board now owns 25,600 shares of the oil and gas producer's stock worth $1,156,000 after acquiring an additional 7,100 shares in the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.
Viper Energy Stock Up 0.5%
Shares of VNOM traded up $0.18 during trading hours on Monday, reaching $38.09. The stock had a trading volume of 1,125,845 shares, compared to its average volume of 1,575,423. Viper Energy Inc. has a 12 month low of $34.71 and a 12 month high of $56.76. The firm has a 50-day simple moving average of $39.35 and a 200 day simple moving average of $42.65. The company has a current ratio of 8.70, a quick ratio of 8.70 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $10.99 billion, a price-to-earnings ratio of 10.02, a P/E/G ratio of 17.33 and a beta of 0.97.
Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its 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 firm had revenue of $245.00 million during the quarter, compared to analyst estimates of $233.99 million. During the same period last year, the firm posted $0.49 EPS. Equities research analysts predict that Viper Energy Inc. will post 2.02 earnings per share for the current fiscal year.
Viper Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.15%. The ex-dividend date was Thursday, May 15th. Viper Energy's dividend payout ratio (DPR) is currently 31.58%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Barclays raised their price target on shares of Viper Energy from $57.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Bank of America lowered their price objective on shares of Viper Energy from $53.00 to $50.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. TD Securities lifted their price objective on shares of Viper Energy from $57.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Evercore ISI raised their price target on shares of Viper Energy from $49.00 to $51.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $60.00 target price (up from $54.00) on shares of Viper Energy in a research note on Thursday, June 5th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $57.46.
Check Out Our Latest Analysis 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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