Viper Energy Inc. $VNOM Shares Bought by Amundi

Amundi raised its position in Viper Energy Inc. (NASDAQ:VNOM) by 12,343.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 94,572 shares of the oil and gas producer’s stock after purchasing an additional 93,812 shares during the period. Amundi’s holdings in Viper Energy were worth $3,930,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VNOM. UMB Bank n.a. grew its holdings in Viper Energy by 129.0% in the first quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 414 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Viper Energy in the first quarter valued at $34,000. AlphaQuest LLC purchased a new stake in shares of Viper Energy in the first quarter valued at $41,000. Golden State Wealth Management LLC increased its position in 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 in the last quarter. Finally, Park Square Financial Group LLC purchased a new stake in Viper Energy during the 4th quarter worth about $86,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Analyst Upgrades and Downgrades

VNOM has been the topic of a number of recent research reports. Morgan Stanley started coverage on shares of Viper Energy in a report on Monday, August 18th. They issued an “overweight” rating and a $46.00 target price on the stock. TD Securities raised their price target on shares of Viper Energy from $57.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Wells Fargo & Company decreased their price target on shares of Viper Energy from $51.00 to $48.00 and set an “overweight” rating on the stock in a research note on Thursday, August 14th. Evercore ISI raised their price target on shares of Viper Energy from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. Finally, William Blair started coverage on shares of Viper Energy in a research note on Monday, August 25th. They set an “outperform” rating on the stock. Sixteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Viper Energy presently has an average rating of “Buy” and a consensus target price of $55.80.

Viper Energy Stock Performance

NASDAQ VNOM opened at $38.99 on Friday. The business’s 50-day moving average price is $38.05 and its 200 day moving average price is $40.15. Viper Energy Inc. has a twelve month low of $34.71 and a twelve month high of $56.76. The company has a market capitalization of $11.25 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 17.55 and a beta of 1.04. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.13.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share for the quarter, topping 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 the consensus estimate of $285.35 million. During the same period in the prior year, the business posted $0.62 earnings per share. The firm’s revenue for the quarter was up 37.1% compared to the same quarter last year. On average, research analysts predict that Viper Energy Inc. will post 2.02 earnings per share for the current year.

Viper Energy Cuts Dividend

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

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.