Viper Energy Inc. $VNOM Shares Acquired by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. significantly increased its stake in Viper Energy Inc. by 763.4%, acquiring a total of 1,799,642 shares worth approximately $81.25 million.
• Viper Energy recently reported earnings of $0.41 per share, surpassing analyst expectations, and its quarterly revenue rose 37.1% year-over-year, totaling $297 million.
• The company declared a quarterly dividend of $0.53 per share, resulting in an annualized yield of 5.4%, while also maintaining a dividend payout ratio of 38.15%.

Alyeska Investment Group L.P. raised its holdings in Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 763.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,799,642 shares of the oil and gas producer's stock after acquiring an additional 1,591,212 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.84% of Viper Energy worth $81,254,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of VNOM. Swiss National Bank lifted its holdings in shares of Viper Energy by 22.1% in the 1st quarter. Swiss National Bank now owns 247,177 shares of the oil and gas producer's stock worth $11,160,000 after buying an additional 44,700 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Viper Energy during the fourth quarter valued at $1,701,000. Principal Financial Group Inc. increased its stake in shares of Viper Energy by 27.6% during the first quarter. Principal Financial Group Inc. now owns 302,575 shares of the oil and gas producer's stock valued at $13,661,000 after buying an additional 65,375 shares during the period. Amalgamated Bank increased its stake in shares of Viper Energy by 21.3% during the first quarter. Amalgamated Bank now owns 59,901 shares of the oil and gas producer's stock valued at $2,705,000 after buying an additional 10,529 shares during the period. Finally, Stephens Investment Management Group LLC increased its stake in shares of Viper Energy by 21.2% during the first quarter. Stephens Investment Management Group LLC now owns 1,552,974 shares of the oil and gas producer's stock valued at $70,117,000 after buying an additional 271,337 shares during the period. Institutional investors own 87.72% of the company's stock.

Viper Energy Stock Down 4.5%

Shares of NASDAQ VNOM traded down $1.77 during mid-day trading on Friday, reaching $37.28. 2,811,349 shares of the company were exchanged, compared to its average volume of 2,438,130. The company has a quick ratio of 6.15, a current ratio of 6.15 and a debt-to-equity ratio of 0.13. The stock has a market cap of $10.76 billion, a price-to-earnings ratio of 10.77, a P/E/G ratio of 16.68 and a beta of 1.04. Viper Energy Inc. has a 1 year low of $34.71 and a 1 year high of $56.76. The firm has a 50-day moving average of $38.05 and a 200 day moving average of $40.38.

Viper Energy (NASDAQ:VNOM - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The oil and gas producer reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. Viper Energy had a return on equity of 3.92% and a net margin of 37.84%.The company had revenue of $297.00 million during the quarter, compared to analysts' expectations of $285.35 million. During the same period last year, the business posted $0.62 earnings per share. The firm's revenue was up 37.1% compared to the same quarter last year. On average, research analysts expect that Viper Energy Inc. will post 2.02 earnings per share for the current year.

Viper Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were issued 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 dividend yield of 5.7%. Viper Energy's dividend payout ratio is currently 38.15%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VNOM. Mizuho raised their price target on Viper Energy from $54.00 to $55.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Bank of America cut their price target on Viper Energy from $53.00 to $50.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Wells Fargo & Company cut their price target on Viper Energy from $51.00 to $48.00 and set an "overweight" rating on the stock in a research note on Thursday, August 14th. Evercore ISI raised their price target on Viper Energy from $49.00 to $51.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Raymond James Financial restated an "outperform" rating and set a $57.00 price objective (down from $60.00) on shares of Viper Energy in a research note on Tuesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $55.80.

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.