Viper Energy Inc. $VNOM Shares Acquired by Bernzott Capital Advisors

Key Points

• Bernzott Capital Advisors significantly increased its stake in Viper Energy Inc. by 1,068.8% during the 2nd quarter, acquiring 101,216 additional shares to total 110,686 shares, making it the fund's 29th largest holding.
• Viper Energy's most recent earnings report revealed an EPS of $0.41, surpassing estimates and showing a 37.1% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.53, representing an annual yield of 5.7%, with a payout ratio of 38.15%.

Bernzott Capital Advisors lifted its stake in shares of Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 1,068.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,686 shares of the oil and gas producer's stock after buying an additional 101,216 shares during the quarter. Viper Energy comprises about 2.2% of Bernzott Capital Advisors' holdings, making the stock its 29th biggest holding. Bernzott Capital Advisors' holdings in Viper Energy were worth $4,220,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Viper Energy in the 1st quarter valued at about $34,000. AlphaQuest LLC acquired a new position in Viper Energy during the first quarter worth approximately $41,000. Golden State Wealth Management LLC lifted its stake in Viper Energy by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 1,000 shares of the oil and gas producer's stock valued at $45,000 after buying an additional 500 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Viper Energy by 65.6% in the second quarter. UMB Bank n.a. now owns 1,217 shares of the oil and gas producer's stock valued at $46,000 after acquiring an additional 482 shares during the period. Finally, US Bancorp DE grew its position in shares of Viper Energy by 39.1% during the first quarter. US Bancorp DE now owns 1,965 shares of the oil and gas producer's stock worth $89,000 after acquiring an additional 552 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

Viper Energy Price Performance

Shares of VNOM opened at $37.49 on Thursday. Viper Energy Inc. has a twelve month low of $34.71 and a twelve month high of $56.76. The stock's 50 day moving average is $38.18 and its two-hundred day moving average is $38.98. The firm has a market capitalization of $10.82 billion, a PE ratio of 10.84, a P/E/G ratio of 16.46 and a beta of 0.92. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.13.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its earnings results on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The business had revenue of $297.00 million during the quarter, compared to the consensus estimate of $285.35 million. Viper Energy had a return on equity of 3.92% and a net margin of 37.84%.The company's revenue for the quarter was up 37.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 EPS. Research analysts anticipate 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 given a $0.53 dividend. The ex-dividend date was Thursday, August 14th. This represents a $2.12 annualized dividend and a yield of 5.7%. Viper Energy's dividend payout ratio is presently 38.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Jefferies Financial Group started coverage on shares of Viper Energy in a report on Thursday. They issued a "hold" rating and a $38.00 target price on the stock. Piper Sandler lifted their price objective on shares of Viper Energy from $66.00 to $68.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Wall Street Zen raised shares of Viper Energy from a "sell" rating to a "hold" rating in a report on Saturday, October 18th. William Blair initiated coverage on Viper Energy in a research report on Monday, August 25th. They issued an "outperform" rating on the stock. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $57.00 target price (down from $60.00) on shares of Viper Energy in a research note on Tuesday, July 29th. Fifteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $54.07.

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.

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