Woodline Partners LP Buys 37,340 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Woodline Partners LP lifted its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,441,269 shares of the oil and gas producer's stock after acquiring an additional 37,340 shares during the quarter. Woodline Partners LP owned approximately 0.68% of Viper Energy worth $70,723,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Barclays PLC lifted its holdings in Viper Energy by 103.3% in the 3rd quarter. Barclays PLC now owns 43,962 shares of the oil and gas producer's stock worth $1,982,000 after purchasing an additional 22,334 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Viper Energy by 3,200.2% in the 3rd quarter. Principal Financial Group Inc. now owns 235,307 shares of the oil and gas producer's stock worth $10,615,000 after purchasing an additional 228,177 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Viper Energy by 6.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 51,571 shares of the oil and gas producer's stock worth $2,531,000 after purchasing an additional 3,312 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in Viper Energy in the 4th quarter worth approximately $390,000. Finally, SG Americas Securities LLC lifted its holdings in Viper Energy by 265.6% in the 4th quarter. SG Americas Securities LLC now owns 54,940 shares of the oil and gas producer's stock worth $2,696,000 after purchasing an additional 39,913 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VNOM has been the topic of a number of research analyst reports. Piper Sandler lowered their price target on Viper Energy from $62.00 to $61.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. The Goldman Sachs Group set a $72.00 price target on Viper Energy in a report on Monday, March 3rd. Evercore ISI reissued an "outperform" rating and issued a $49.00 price target on shares of Viper Energy in a report on Wednesday, May 7th. Barclays decreased their price objective on Viper Energy from $60.00 to $57.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Finally, Mizuho decreased their price objective on Viper Energy from $56.00 to $54.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $56.08.

Viper Energy Stock Performance

NASDAQ VNOM opened at $41.28 on Tuesday. The company has a market cap of $8.79 billion, a P/E ratio of 17.72 and a beta of 1.05. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The business's 50 day moving average price is $41.48 and its 200-day moving average price is $46.85. Viper Energy, Inc. has a fifty-two week low of $34.71 and a fifty-two week high of $56.76.

Viper Energy (NASDAQ:VNOM - Get Free Report) last released 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. The firm had revenue of $245.00 million for the quarter, compared to the consensus estimate 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 previous year, the company posted $0.49 EPS. Sell-side analysts predict that Viper Energy, Inc. will post 2.02 earnings per share for the current year.

Viper Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Thursday, May 15th. Viper Energy's dividend payout ratio is currently 31.58%.

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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