Envestnet Asset Management Inc. Has $12.67 Million Holdings in Viper Energy Inc. (NASDAQ:VNOM)

Envestnet Asset Management Inc. boosted its stake in shares of Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 280,510 shares of the oil and gas producer's stock after buying an additional 16,055 shares during the quarter. Envestnet Asset Management Inc. owned 0.13% of Viper Energy worth $12,665,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of VNOM. American Century Companies Inc. boosted its stake in shares of Viper Energy by 1.1% in the fourth quarter. American Century Companies Inc. now owns 25,323 shares of the oil and gas producer's stock valued at $1,243,000 after purchasing an additional 268 shares during the period. Segment Wealth Management LLC boosted its stake in shares of Viper Energy by 3.9% in the first quarter. Segment Wealth Management LLC now owns 9,520 shares of the oil and gas producer's stock valued at $430,000 after purchasing an additional 360 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Viper Energy by 1.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,743 shares of the oil and gas producer's stock valued at $1,116,000 after purchasing an additional 381 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Viper Energy by 1.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 24,230 shares of the oil and gas producer's stock valued at $1,189,000 after purchasing an additional 397 shares during the period. Finally, Concurrent Investment Advisors LLC raised its holdings in Viper Energy by 1.9% in the first quarter. Concurrent Investment Advisors LLC now owns 20,861 shares of the oil and gas producer's stock valued at $942,000 after acquiring an additional 399 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company's stock.

Viper Energy Price Performance

VNOM stock traded up $0.15 during trading on Wednesday, hitting $37.73. The stock had a trading volume of 1,244,378 shares, compared to its average volume of 1,417,301. The company's 50 day moving average price is $39.48 and its two-hundred day moving average price is $42.93. Viper Energy Inc. has a 1-year low of $34.71 and a 1-year high of $56.76. The stock has a market cap of $10.89 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 17.48 and a beta of 0.97. The company has a debt-to-equity ratio of 0.15, a quick ratio of 8.70 and a current ratio of 8.70.

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 for the quarter, beating the consensus estimate of $0.45 by $0.09. Viper Energy had a net margin of 43.43% and a return on equity of 5.41%. The firm had revenue of $245.00 million during the quarter, compared to the consensus estimate of $233.99 million. During the same quarter in the previous year, the company posted $0.49 EPS. On average, sell-side analysts forecast that Viper Energy Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Thursday, May 15th. Viper Energy's dividend payout ratio is currently 31.58%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on VNOM shares. TD Securities raised their target price on shares of Viper Energy from $57.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Mizuho lifted their target price on shares of Viper Energy from $54.00 to $55.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Piper Sandler lifted their price objective on shares of Viper Energy from $65.00 to $66.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Evercore ISI lifted their price objective on shares of Viper Energy from $49.00 to $51.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Finally, KeyCorp decreased their target price on shares of Viper Energy from $62.00 to $56.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $57.46.

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.