Viper Energy, Inc. (NASDAQ:VNOM) Stake Lifted by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 6,591.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,068 shares of the oil and gas producer's stock after buying an additional 89,707 shares during the quarter. GAMMA Investing LLC's holdings in Viper Energy were worth $4,112,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. California State Teachers Retirement System lifted its holdings in shares of Viper Energy by 10.4% during the 4th quarter. California State Teachers Retirement System now owns 96,293 shares of the oil and gas producer's stock valued at $4,725,000 after acquiring an additional 9,035 shares in the last quarter. Park Square Financial Group LLC purchased a new position in Viper Energy in the fourth quarter valued at about $86,000. GF Fund Management CO. LTD. acquired a new position in shares of Viper Energy during the fourth quarter worth about $1,550,000. GTS Securities LLC boosted its position in shares of Viper Energy by 91.6% in the fourth quarter. GTS Securities LLC now owns 18,771 shares of the oil and gas producer's stock worth $921,000 after buying an additional 8,973 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Viper Energy by 14.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 166,652 shares of the oil and gas producer's stock worth $8,178,000 after buying an additional 21,582 shares during the period. Institutional investors and hedge funds own 87.72% of the company's stock.

Viper Energy Stock Down 1.6%

Shares of Viper Energy stock traded down $0.67 during trading on Thursday, reaching $41.22. The company had a trading volume of 327,536 shares, compared to its average volume of 1,355,871. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. Viper Energy, Inc. has a fifty-two week low of $34.71 and a fifty-two week high of $56.76. The firm's fifty day moving average is $40.31 and its 200-day moving average is $45.42. The company has a market cap of $11.89 billion, a price-to-earnings ratio of 17.69 and a beta of 1.00.

Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $245.00 million for the quarter, compared to analysts' expectations of $233.99 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. During the same quarter in the prior year, the firm posted $0.49 earnings per share. On average, analysts anticipate that Viper Energy, Inc. will post 2.02 EPS for the current 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 paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend was Thursday, May 15th. Viper Energy's dividend payout ratio (DPR) is presently 31.58%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on VNOM shares. The Goldman Sachs Group set a $72.00 price target on Viper Energy in a research report on Monday, March 3rd. Piper Sandler dropped their price objective on shares of Viper Energy from $62.00 to $61.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Wells Fargo & Company reduced their target price on shares of Viper Energy from $51.00 to $48.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Bank of America decreased their target price on shares of Viper Energy from $53.00 to $50.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Finally, Evercore ISI lifted their price target on shares of Viper Energy from $49.00 to $51.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.85.

Viper Energy Company 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.