Yaupon Capital Management LP Makes New $23.65 Million Investment in Viper Energy Inc. $VNOM

Key Points

• Yaupon Capital Management LP invested approximately $23.65 million in Viper Energy Inc., acquiring 523,909 shares, making it the firm's 25th largest holding.
• Viper Energy has an average rating of "Buy" from analysts, with a consensus price target of $55.80 despite some firms adjusting their ratings.
• Viper Energy recently reported a quarterly EPS of $0.41, exceeding expectations and marking a 37.1% increase in revenue compared to the same quarter last year.

Yaupon Capital Management LP bought a new position in Viper Energy Inc. (NASDAQ:VNOM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 523,909 shares of the oil and gas producer's stock, valued at approximately $23,654,000. Viper Energy makes up about 1.2% of Yaupon Capital Management LP's holdings, making the stock its 25th biggest holding. Yaupon Capital Management LP owned approximately 0.25% of Viper Energy at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. United Services Automobile Association purchased a new stake in Viper Energy during the first quarter valued at $351,000. Goldman Sachs Group Inc. raised its stake in Viper Energy by 264.2% during the first quarter. Goldman Sachs Group Inc. now owns 240,799 shares of the oil and gas producer's stock valued at $10,872,000 after purchasing an additional 174,684 shares in the last quarter. Scientech Research LLC raised its stake in Viper Energy by 42.5% during the first quarter. Scientech Research LLC now owns 23,812 shares of the oil and gas producer's stock valued at $1,075,000 after purchasing an additional 7,107 shares in the last quarter. Petrus Trust Company LTA purchased a new stake in Viper Energy during the first quarter valued at $256,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Viper Energy by 38.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,881 shares of the oil and gas producer's stock valued at $2,162,000 after acquiring an additional 13,218 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company's stock.

Viper Energy Stock Down 1.1%

Viper Energy stock traded down $0.42 during midday trading on Friday, hitting $38.57. 1,194,366 shares of the company's stock were exchanged, compared to its average volume of 2,361,478. The company has a debt-to-equity ratio of 0.13, a quick ratio of 6.15 and a current ratio of 6.15. Viper Energy Inc. has a 12 month low of $34.71 and a 12 month high of $56.76. The firm has a 50-day moving average of $38.06 and a two-hundred day moving average of $40.08. The company has a market cap of $11.13 billion, a PE ratio of 11.15, a P/E/G ratio of 17.44 and a beta of 1.04.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its quarterly earnings data 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. Viper Energy had a net margin of 37.84% and a return on equity of 3.92%. The firm had revenue of $297.00 million for the quarter, compared to the consensus estimate of $285.35 million. During the same quarter in the previous year, the firm earned $0.62 EPS. The company's quarterly revenue was up 37.1% compared to the same quarter last year. As a group, analysts expect that Viper Energy Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Thursday, August 14th. Viper Energy's dividend payout ratio is currently 38.15%.

Wall Street Analysts Forecast Growth

VNOM has been the topic of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of Viper Energy from $51.00 to $48.00 and set an "overweight" rating on the stock in a research report on Thursday, August 14th. Morgan Stanley initiated coverage on shares of Viper Energy in a research report on Monday, August 18th. They set an "overweight" rating and a $46.00 price objective on the stock. Evercore ISI boosted their price objective on shares of Viper Energy from $49.00 to $51.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Piper Sandler upped their price target on shares of Viper Energy from $66.00 to $68.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Finally, Barclays upped their price target on shares of Viper Energy from $57.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Sixteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average 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.