Viper Energy Inc. $VNOM Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its holdings in Viper Energy Inc. (NASDAQ:VNOM) by 272.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,782 shares of the oil and gas producer’s stock after buying an additional 2,035 shares during the period. Farther Finance Advisors LLC’s holdings in Viper Energy were worth $106,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. UMB Bank n.a. increased its position in Viper Energy by 129.0% during the first 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 last quarter. Cullen Frost Bankers Inc. acquired a new stake in Viper Energy during the first quarter worth about $34,000. AlphaQuest LLC acquired a new stake in Viper Energy during the first quarter worth about $41,000. Golden State Wealth Management LLC increased its position in Viper Energy by 100.0% during the first 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 last quarter. Finally, US Bancorp DE increased its position 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 during the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Trading Up 2.5%

NASDAQ VNOM opened at $39.01 on Friday. The firm has a 50 day simple moving average of $38.30 and a 200-day simple moving average of $39.61. 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 Inc. has a one year low of $34.71 and a one year high of $56.76. The firm has a market cap of $11.26 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 17.01 and a beta of 0.92.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings data 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 net margin of 37.84% and a return on equity of 3.92%. The business had revenue of $297.00 million during the quarter, compared to analyst estimates of $285.35 million. During the same quarter last year, the firm posted $0.62 earnings per share. The business’s revenue for the quarter was up 37.1% compared to the same quarter last year. Equities research analysts anticipate that Viper Energy Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Cuts Dividend

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on VNOM shares. Wall Street Zen cut shares of Viper Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Mizuho cut their price objective on shares of Viper Energy from $55.00 to $51.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Piper Sandler raised their price objective on shares of Viper Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th. William Blair started coverage on shares of Viper Energy in a research report on Monday, August 25th. They set an “outperform” rating for the company. Finally, TD Securities set a $54.00 price target on shares of Viper Energy in a research report on Tuesday. Sixteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $55.27.

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.