KLP Kapitalforvaltning AS grew its holdings in Viper Energy Inc. (NASDAQ:VNOM – Free Report) by 10.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,800 shares of the oil and gas producer’s stock after buying an additional 2,700 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Viper Energy were worth $1,060,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in VNOM. GAMMA Investing LLC increased its stake in shares of Viper Energy by 48.2% in the first quarter. GAMMA Investing LLC now owns 2,017 shares of the oil and gas producer’s stock valued at $91,000 after buying an additional 656 shares in the last quarter. Inscription Capital LLC acquired a new stake in shares of Viper Energy in the first quarter valued at $522,000. State of Alaska Department of Revenue increased its stake in shares of Viper Energy by 31.0% in the first quarter. State of Alaska Department of Revenue now owns 15,385 shares of the oil and gas producer’s stock valued at $694,000 after buying an additional 3,640 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of Viper Energy in the first quarter valued at $92,000. Finally, Retirement Systems of Alabama increased its position in Viper Energy by 21.5% in the first quarter. Retirement Systems of Alabama now owns 339,124 shares of the oil and gas producer’s stock worth $15,311,000 after purchasing an additional 60,112 shares during the period. 87.72% of the stock is currently owned by institutional investors and hedge funds.
Viper Energy Trading Down 1.4%
NASDAQ:VNOM opened at $36.59 on Wednesday. Viper Energy Inc. has a fifty-two week low of $34.71 and a fifty-two week high of $56.76. The company has a debt-to-equity ratio of 0.13, a current ratio of 6.15 and a quick ratio of 6.15. The stock has a market capitalization of $10.56 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 16.68 and a beta of 0.92. The business’s 50-day simple moving average is $38.32 and its 200-day simple moving average is $39.22.
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 issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Thursday, August 14th. Viper Energy’s payout ratio is 38.15%.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on VNOM. Wall Street Zen lowered Viper Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Raymond James Financial reiterated an “outperform” rating and issued a $57.00 price objective (down from $60.00) on shares of Viper Energy in a research report on Tuesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Viper Energy in a research report on Wednesday, October 8th. Roth Capital set a $50.00 price objective on Viper Energy and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Finally, William Blair began coverage on Viper Energy in a research report on Monday, August 25th. They issued an “outperform” rating for the company. Sixteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Viper Energy presently has a consensus rating of “Moderate Buy” and an average target price of $55.00.
Check Out Our Latest Stock Report on VNOM
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.
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