Viper Energy Inc. (NASDAQ:VNOM) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in Viper Energy Inc. (NASDAQ:VNOM) by 6.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 280,510 shares of the oil and gas producer’s stock after buying an additional 16,055 shares during the quarter. Envestnet Asset Management Inc. owned about 0.13% of Viper Energy worth $12,665,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Viper Energy in the 4th quarter valued at about $1,701,000. Principal Financial Group Inc. grew its stake in Viper Energy by 27.6% in the 1st quarter. Principal Financial Group Inc. now owns 302,575 shares of the oil and gas producer’s stock valued at $13,661,000 after acquiring an additional 65,375 shares during the last quarter. Amalgamated Bank grew its stake in Viper Energy by 21.3% in the 1st quarter. Amalgamated Bank now owns 59,901 shares of the oil and gas producer’s stock valued at $2,705,000 after acquiring an additional 10,529 shares during the last quarter. GAMMA Investing LLC grew its stake in Viper Energy by 6,591.3% in the 1st quarter. GAMMA Investing LLC now owns 91,068 shares of the oil and gas producer’s stock valued at $4,112,000 after acquiring an additional 89,707 shares during the last quarter. Finally, FORA Capital LLC grew its stake in Viper Energy by 196.5% in the 4th quarter. FORA Capital LLC now owns 13,326 shares of the oil and gas producer’s stock valued at $654,000 after acquiring an additional 8,831 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on VNOM. KeyCorp dropped their target price on shares of Viper Energy from $62.00 to $56.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Evercore ISI increased 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. JPMorgan Chase & Co. lowered their price objective on shares of Viper Energy from $49.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, May 7th. Wall Street Zen raised shares of Viper Energy from a “sell” rating to a “hold” rating in a research report on Sunday, June 29th. Finally, 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 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $57.46.

Viper Energy Stock Performance

Shares of VNOM opened at $38.71 on Friday. The firm has a market cap of $11.17 billion, a PE ratio of 10.19, a PEG ratio of 18.79 and a beta of 0.97. The stock’s fifty day moving average price is $39.79 and its two-hundred day moving average price is $43.15. The company has a debt-to-equity ratio of 0.15, a current ratio of 8.70 and a quick ratio of 8.70. Viper Energy Inc. has a 1 year low of $34.71 and a 1 year high of $56.76.

Viper Energy (NASDAQ:VNOM) last posted its earnings results 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. Viper Energy had a return on equity of 5.41% and a net margin of 43.43%. The business had revenue of $245.00 million during the quarter, compared to analysts’ expectations of $233.99 million. During the same period in the previous year, the business earned $0.49 earnings per share. On average, equities research analysts forecast that Viper Energy Inc. will post 2.02 EPS for the current year.

Viper Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Thursday, May 15th. Viper Energy’s payout ratio is 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.