Viper Energy Inc. $VNOM Shares Bought by Amundi

Key Points

• Amundi significantly increased its stake in Viper Energy Inc. by 12,343.7% in Q1, acquiring a total of 94,572 shares valued at approximately $3.93 million.
• Viper Energy reported earnings of $0.41 per share for the last quarter, exceeding expectations, with a total revenue of $297 million, marking a 37.1% increase from the previous year.
• Despite a recent dividend cut, Viper Energy maintains a competitive dividend yield of 5.4%, with an annualized dividend of $2.12 and a payout ratio of 38.15%.

Amundi boosted its holdings in shares of Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 12,343.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,572 shares of the oil and gas producer's stock after buying an additional 93,812 shares during the period. Amundi's holdings in Viper Energy were worth $3,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Kestra Advisory Services LLC increased its position in Viper Energy by 1.4% during the 1st quarter. Kestra Advisory Services LLC now owns 18,070 shares of the oil and gas producer's stock valued at $816,000 after buying an additional 249 shares in the last quarter. Segment Wealth Management LLC increased its position in Viper Energy by 3.9% during the 1st quarter. Segment Wealth Management LLC now owns 9,520 shares of the oil and gas producer's stock valued at $430,000 after buying an additional 360 shares in the last quarter. Private Advisor Group LLC increased its position in Viper Energy by 5.1% during the 1st quarter. Private Advisor Group LLC now owns 8,260 shares of the oil and gas producer's stock valued at $373,000 after buying an additional 398 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of 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 purchasing an additional 399 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of Viper Energy by 129.0% in the first quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer's stock valued at $33,000 after purchasing an additional 414 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on VNOM shares. TD Securities increased their price objective on Viper Energy from $57.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Mizuho cut their price objective on Viper Energy from $55.00 to $51.00 and set an "outperform" rating on the stock in a report on Monday. Barclays increased their price objective on Viper Energy from $57.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Roth Capital set a $50.00 price objective on Viper Energy and gave the company a "buy" rating in a report on Tuesday, August 26th. Finally, Evercore ISI raised their target price on Viper Energy from $49.00 to $51.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Sixteen analysts have rated the stock with a Buy rating, According to MarketBeat.com, Viper Energy currently has a consensus rating of "Buy" and an average target price of $55.53.

Viper Energy Price Performance

VNOM stock traded down $1.07 during mid-day trading on Monday, reaching $37.50. 1,693,577 shares of the company's stock were exchanged, compared to its average volume of 1,735,923. The company has a market cap of $10.82 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 17.26 and a beta of 1.04. The stock's 50 day moving average is $38.06 and its 200 day moving average is $40.04. The company has a debt-to-equity ratio of 0.13, a current ratio of 6.15 and a quick ratio of 6.15. Viper Energy Inc. has a 12-month low of $34.71 and a 12-month high of $56.76.

Viper Energy (NASDAQ:VNOM - Get Free Report) last released its earnings results on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. The business had revenue of $297.00 million for 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 business's quarterly revenue 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. On average, research analysts expect that Viper Energy Inc. will post 2.02 EPS for the current year.

Viper Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Thursday, August 14th. Viper Energy's dividend payout ratio (DPR) is 38.15%.

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.