Viper Energy Inc. (NASDAQ:VNOM) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Viper Energy Inc. (NASDAQ:VNOM) by 28.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,016,792 shares of the oil and gas producer’s stock after acquiring an additional 2,921,832 shares during the period. Vanguard Group Inc. owned 6.11% of Viper Energy worth $587,708,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. SCP Investment LP lifted its holdings in Viper Energy by 287.0% in the first quarter. SCP Investment LP now owns 41,800 shares of the oil and gas producer’s stock valued at $1,887,000 after acquiring an additional 31,000 shares during the last quarter. US Bancorp DE lifted its stake in Viper Energy by 39.1% during the first quarter. US Bancorp DE now owns 1,965 shares of the oil and gas producer’s stock worth $89,000 after purchasing an additional 552 shares in the last quarter. Federated Hermes Inc. lifted its stake in Viper Energy by 34.6% during the first quarter. Federated Hermes Inc. now owns 9,543 shares of the oil and gas producer’s stock worth $431,000 after purchasing an additional 2,452 shares in the last quarter. Ironsides Asset Advisors LLC acquired a new position in Viper Energy during the first quarter worth $378,000. Finally, Maridea Wealth Management LLC acquired a new position in Viper Energy during the first quarter worth $485,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Stock Up 1.3%

Viper Energy stock opened at $38.68 on Thursday. Viper Energy Inc. has a twelve month low of $34.71 and a twelve month high of $56.76. The stock’s fifty day simple moving average is $38.68 and its 200-day simple moving average is $41.64. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $11.16 billion, a P/E ratio of 11.18, a P/E/G ratio of 17.31 and a beta of 0.99.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Monday, August 4th. The oil and gas producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. Viper Energy had a return on equity of 3.92% and a net margin of 37.84%. The firm had revenue of $297.00 million for the quarter, compared to analyst estimates of $285.35 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. Viper Energy’s revenue for the quarter was up 37.1% compared to the same quarter last year. As a group, equities 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 declared a dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th will be paid a $0.53 dividend. The ex-dividend date is Thursday, August 14th. Viper Energy’s dividend payout ratio (DPR) is currently 34.68%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VNOM. Piper Sandler upped their price target on Viper Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Bank of America decreased their price target on Viper Energy from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, May 23rd. TD Securities upped their price target on Viper Energy from $57.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. decreased 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. Finally, Barclays upped their price target on Viper Energy from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $57.23.

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.