Yousif Capital Management LLC Acquires 8,811 Shares of Viper Energy Inc. (NASDAQ:VNOM)

Yousif Capital Management LLC boosted its position in shares of Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 24.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,788 shares of the oil and gas producer's stock after buying an additional 8,811 shares during the period. Yousif Capital Management LLC's holdings in Viper Energy were worth $2,022,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Viper Energy in the fourth quarter valued at about $1,701,000. GAMMA Investing LLC lifted its holdings in shares of Viper Energy by 6,591.3% in the first quarter. GAMMA Investing LLC now owns 91,068 shares of the oil and gas producer's stock worth $4,112,000 after acquiring an additional 89,707 shares during the last quarter. FORA Capital LLC lifted its holdings in shares of Viper Energy by 196.5% in the fourth quarter. FORA Capital LLC now owns 13,326 shares of the oil and gas producer's stock worth $654,000 after acquiring an additional 8,831 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Viper Energy in the 4th quarter valued at approximately $358,000. Finally, Rhumbline Advisers grew its holdings in shares of Viper Energy by 6.4% during the 4th quarter. Rhumbline Advisers now owns 268,297 shares of the oil and gas producer's stock valued at $13,165,000 after purchasing an additional 16,172 shares during the last quarter. 87.72% of the stock is owned by institutional investors.

Viper Energy Trading Down 2.1%

Shares of VNOM stock traded down $0.89 on Thursday, hitting $40.84. The company had a trading volume of 1,236,422 shares, compared to its average volume of 1,376,816. Viper Energy Inc. has a twelve month low of $34.71 and a twelve month high of $56.76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 8.70 and a current ratio of 8.70. The firm has a market cap of $11.78 billion, a P/E ratio of 10.75, a P/E/G ratio of 19.95 and a beta of 1.00. The stock's 50-day moving average is $40.66 and its two-hundred day moving average is $44.99.

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 analysts' consensus estimates of $0.45 by $0.09. Viper Energy had a net margin of 43.43% and a return on equity of 5.41%. The business had revenue of $245.00 million during the quarter, compared to the consensus estimate of $233.99 million. During the same quarter in the prior year, the firm posted $0.49 EPS. On average, equities research analysts anticipate that Viper Energy Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Thursday, May 15th. Viper Energy's dividend payout ratio is presently 31.58%.

Wall Street Analyst Weigh In

VNOM has been the subject of several research reports. TD Securities increased their price objective on shares of Viper Energy from $57.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. KeyCorp decreased their target price on shares of Viper Energy from $62.00 to $56.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Barclays increased their price target on Viper Energy from $57.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. cut their price objective on Viper Energy from $49.00 to $47.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Finally, Mizuho boosted their price objective on Viper Energy from $54.00 to $55.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Viper Energy currently has an average rating of "Moderate Buy" and an average target price of $57.00.

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.