Blair William & Co. IL Has $889,000 Stock Holdings in Viper Energy Inc. $VNOM

Blair William & Co. IL increased its holdings in Viper Energy Inc. (NASDAQ:VNOM) by 5.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,315 shares of the oil and gas producer’s stock after purchasing an additional 1,215 shares during the period. Blair William & Co. IL’s holdings in Viper Energy were worth $889,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Viper Energy by 28.9% in the first quarter. Vanguard Group Inc. now owns 13,016,792 shares of the oil and gas producer’s stock worth $587,708,000 after purchasing an additional 2,921,832 shares in the last quarter. Wellington Management Group LLP raised its position in Viper Energy by 12.2% in the first quarter. Wellington Management Group LLP now owns 11,953,910 shares of the oil and gas producer’s stock worth $539,719,000 after purchasing an additional 1,301,933 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Viper Energy by 21.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,996,351 shares of the oil and gas producer’s stock worth $451,336,000 after purchasing an additional 1,778,093 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Viper Energy by 19.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,751,660 shares of the oil and gas producer’s stock worth $124,238,000 after buying an additional 442,235 shares in the last quarter. Finally, Woodline Partners LP increased its holdings in shares of Viper Energy by 37.4% during the first quarter. Woodline Partners LP now owns 1,980,786 shares of the oil and gas producer’s stock worth $89,432,000 after buying an additional 539,517 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Price Performance

VNOM opened at $36.22 on Friday. Viper Energy Inc. has a one year low of $34.71 and a one year high of $56.76. The stock has a market capitalization of $10.45 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 16.21 and a beta of 0.92. 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 company’s 50 day simple moving average is $38.26 and its 200-day simple moving average is $39.14.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Monday, August 4th. The oil and gas producer reported $0.41 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $285.35 million. During the same quarter in the previous year, the business earned $0.62 EPS. The business’s quarterly revenue was up 37.1% compared to the same quarter last year. Sell-side analysts anticipate that Viper Energy Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Thursday, August 14th. Viper Energy’s payout ratio is currently 38.15%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of Viper Energy from $46.00 to $45.00 and set an “overweight” rating for the company in a report on Tuesday. 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 report on Thursday, August 14th. Roth Capital set a $50.00 price objective on shares of Viper Energy and gave the stock a “buy” rating in a report on Tuesday, August 26th. Barclays dropped their price objective on shares of Viper Energy from $60.00 to $57.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viper Energy in a report on Wednesday, October 8th. Fifteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.21.

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.