901 Shares in Viper Energy Inc. $VNOM Acquired by AlphaQuest LLC

AlphaQuest LLC purchased a new position in Viper Energy Inc. (NASDAQ:VNOM) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 901 shares of the oil and gas producer’s stock, valued at approximately $41,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. grew its stake in shares of Viper Energy by 129.0% during the 1st quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 414 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of Viper Energy during the 1st quarter worth approximately $34,000. Golden State Wealth Management LLC grew its stake in shares of Viper Energy by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,000 shares of the oil and gas producer’s stock worth $45,000 after purchasing an additional 500 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of Viper Energy during the 4th quarter worth approximately $86,000. Finally, US Bancorp DE grew its stake in shares of Viper Energy by 39.1% during the 1st 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 during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Price Performance

Viper Energy stock opened at $39.05 on Friday. The company’s fifty day moving average price is $38.07 and its 200 day moving average price is $40.54. Viper Energy Inc. has a 1 year low of $34.71 and a 1 year high of $56.76. The stock has a market capitalization of $11.27 billion, a P/E ratio of 11.29, a P/E/G ratio of 17.05 and a beta of 1.04. The company has a debt-to-equity ratio of 0.13, a quick ratio of 6.15 and a current ratio of 6.15.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings results on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Viper Energy had a net margin of 37.84% and a return on equity of 3.92%. The firm had revenue of $297.00 million for the quarter, compared to analysts’ expectations of $285.35 million. During the same quarter last year, the company earned $0.62 EPS. The firm’s revenue for the quarter was up 37.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Viper Energy Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were issued a $0.53 dividend. The ex-dividend date was Thursday, August 14th. This represents a $2.12 dividend on an annualized basis and a yield of 5.4%. Viper Energy’s dividend payout ratio (DPR) is presently 38.15%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wall Street Zen cut shares of Viper Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Roth Capital set a $50.00 price objective on shares of Viper Energy and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Barclays raised their price objective on shares of Viper Energy from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Piper Sandler increased their target price on Viper Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Finally, KeyCorp dropped their price target on shares of Viper Energy from $56.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday. Sixteen investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $55.80.

Viper Energy 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.