Captrust Financial Advisors Acquires 4,229 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Captrust Financial Advisors lifted its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 68.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,435 shares of the oil and gas producer’s stock after purchasing an additional 4,229 shares during the period. Captrust Financial Advisors’ holdings in Viper Energy were worth $512,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Viper Energy by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 10,094,960 shares of the oil and gas producer’s stock valued at $495,360,000 after purchasing an additional 239,404 shares in the last quarter. FIL Ltd boosted its position in shares of Viper Energy by 8.5% during the 4th quarter. FIL Ltd now owns 3,964,130 shares of the oil and gas producer’s stock valued at $194,520,000 after purchasing an additional 310,890 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Viper Energy by 20.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,309,425 shares of the oil and gas producer’s stock valued at $113,324,000 after purchasing an additional 389,473 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Viper Energy during the 4th quarter valued at about $95,505,000. Finally, Geode Capital Management LLC boosted its position in shares of Viper Energy by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 1,733,745 shares of the oil and gas producer’s stock valued at $85,102,000 after purchasing an additional 35,084 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VNOM shares. Piper Sandler cut their target price on Viper Energy from $62.00 to $61.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price target on Viper Energy from $49.00 to $47.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 7th. StockNews.com downgraded Viper Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 7th. Wells Fargo & Company dropped 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 Monday, April 21st. Finally, Mizuho dropped their price target on Viper Energy from $56.00 to $54.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Viper Energy presently has a consensus rating of “Moderate Buy” and an average price target of $56.08.

Viper Energy Stock Performance

Shares of Viper Energy stock opened at $41.36 on Monday. The company has a market cap of $8.81 billion, a PE ratio of 17.75 and a beta of 1.05. Viper Energy, Inc. has a 52 week low of $34.71 and a 52 week high of $56.76. The business has a 50 day moving average price of $41.50 and a 200-day moving average price of $46.93. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings data on Monday, May 5th. The oil and gas producer reported $0.54 EPS for the quarter, topping the consensus estimate of $0.45 by $0.09. The firm had revenue of $245.00 million during 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 period in the prior year, the business posted $0.49 earnings per share. Equities analysts anticipate that Viper Energy, Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Thursday, May 15th. Viper Energy’s dividend payout ratio (DPR) is presently 31.58%.

About Viper Energy

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.