Van Hulzen Asset Management LLC Has $2.64 Million Stake in Viper Energy Inc. $VNOM

Key Points

• Van Hulzen Asset Management LLC increased its holdings in Viper Energy Inc. by 67.5% during the 1st quarter, reaching a total investment value of $2.64 million.
• Viper Energy recently reported a quarterly earnings per share (EPS) of $0.41, surpassing analyst estimates, and experienced a 37.1% year-over-year revenue growth with revenue totaling $297 million.
• The company announced a quarterly dividend of $0.53, yielding 5.7%, with a payout ratio of 38.15% in relation to its earnings.

Van Hulzen Asset Management LLC raised its position in Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 67.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,529 shares of the oil and gas producer's stock after purchasing an additional 23,582 shares during the quarter. Van Hulzen Asset Management LLC's holdings in Viper Energy were worth $2,643,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Kestra Advisory Services LLC grew its stake in Viper Energy by 1.4% in the first quarter. Kestra Advisory Services LLC now owns 18,070 shares of the oil and gas producer's stock valued at $816,000 after purchasing an additional 249 shares in the last quarter. Sprott Inc. purchased a new position in Viper Energy in the first quarter valued at about $271,000. Price T Rowe Associates Inc. MD grew its stake in Viper Energy by 21.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,996,351 shares of the oil and gas producer's stock valued at $451,336,000 after purchasing an additional 1,778,093 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Viper Energy by 19.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,751,660 shares of the oil and gas producer's stock valued at $124,238,000 after purchasing an additional 442,235 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in Viper Energy by 11.2% in the first quarter. Quantbot Technologies LP now owns 103,748 shares of the oil and gas producer's stock valued at $4,684,000 after purchasing an additional 10,481 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on VNOM shares. Barclays boosted their target price on Viper Energy from $57.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Wall Street Zen downgraded shares of Viper Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. TD Securities boosted their price target on Viper Energy from $57.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. reduced their price target on Viper Energy from $49.00 to $47.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. Finally, Mizuho boosted their price target on Viper Energy from $54.00 to $55.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Fourteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $56.36.

Viper Energy Price Performance

Shares of Viper Energy stock traded up $1.83 during midday trading on Friday, reaching $38.99. The company had a trading volume of 1,824,001 shares, compared to its average volume of 2,638,093. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $11.25 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 17.37 and a beta of 0.99. The stock has a fifty day simple moving average of $38.17 and a 200 day simple moving average of $41.07. 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 issued its quarterly earnings results on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. The business had revenue of $297.00 million during the quarter, compared to analyst estimates of $285.35 million. Viper Energy had a net margin of 37.84% and a return on equity of 3.92%. Viper Energy's revenue for the quarter was up 37.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 earnings per share. As a group, equities 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 disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were paid a $0.53 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.12 dividend on an annualized basis and a yield of 5.4%. Viper Energy's dividend payout ratio (DPR) is presently 38.15%.

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.