UMB Bank n.a. Buys 414 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

UMB Bank n.a. raised its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 129.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 735 shares of the oil and gas producer’s stock after purchasing an additional 414 shares during the quarter. UMB Bank n.a.’s holdings in Viper Energy were worth $33,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of VNOM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Viper Energy during the 4th quarter worth approximately $1,701,000. GAMMA Investing LLC lifted its stake in 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 valued at $4,112,000 after purchasing an additional 89,707 shares during the last quarter. FORA Capital LLC lifted its stake in 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 valued at $654,000 after purchasing an additional 8,831 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in Viper Energy in the fourth quarter valued at approximately $358,000. Finally, Rhumbline Advisers lifted its position in shares of Viper Energy by 6.4% during the fourth quarter. Rhumbline Advisers now owns 268,297 shares of the oil and gas producer’s stock worth $13,165,000 after acquiring an additional 16,172 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Analyst Ratings Changes

VNOM has been the topic of several recent research reports. Wall Street Zen upgraded Viper Energy from a “sell” rating to a “hold” rating in a research report on Saturday, June 7th. Bank of America lowered their price objective on Viper Energy from $53.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. Evercore ISI raised their price target on Viper Energy from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. KeyCorp decreased their price objective on Viper Energy from $62.00 to $56.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Finally, Wells Fargo & Company decreased their price objective on Viper Energy from $51.00 to $48.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Viper Energy has a consensus rating of “Moderate Buy” and a consensus target price of $56.85.

Viper Energy Price Performance

VNOM stock opened at $42.52 on Monday. The firm has a 50 day moving average price of $40.50 and a 200-day moving average price of $45.13. Viper Energy, Inc. has a 52-week low of $34.71 and a 52-week high of $56.76. The firm has a market capitalization of $12.27 billion, a price-to-earnings ratio of 18.25 and a beta of 1.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.09. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The company had revenue of $245.00 million during the quarter, compared to analyst estimates of $233.99 million. During the same period in the previous year, the business earned $0.49 EPS. Equities research analysts forecast that Viper Energy, Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.82%. Viper Energy’s 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.