Beirne Wealth Consulting Services LLC Purchases New Shares in Viper Energy Inc. $VNOM

Beirne Wealth Consulting Services LLC acquired a new position in Viper Energy Inc. (NASDAQ:VNOM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,091 shares of the oil and gas producer’s stock, valued at approximately $615,000.

Other large investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Viper Energy by 38.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,881 shares of the oil and gas producer’s stock valued at $2,162,000 after buying an additional 13,218 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Viper Energy by 264.2% in the first quarter. Goldman Sachs Group Inc. now owns 240,799 shares of the oil and gas producer’s stock worth $10,872,000 after acquiring an additional 174,684 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Viper Energy by 22.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,499 shares of the oil and gas producer’s stock worth $9,233,000 after purchasing an additional 37,847 shares in the last quarter. New York State Teachers Retirement System grew its stake in shares of Viper Energy by 3.7% during the second quarter. New York State Teachers Retirement System now owns 27,774 shares of the oil and gas producer’s stock valued at $1,059,000 after purchasing an additional 995 shares during the last quarter. Finally, Sentry Investment Management LLC increased its holdings in shares of Viper Energy by 18.2% in the second quarter. Sentry Investment Management LLC now owns 8,056 shares of the oil and gas producer’s stock valued at $305,000 after purchasing an additional 1,238 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Viper Energy Stock Up 1.2%

NASDAQ:VNOM opened at $44.25 on Tuesday. Viper Energy Inc. has a 1 year low of $34.71 and a 1 year high of $51.47. The stock has a 50-day moving average price of $39.65 and a two-hundred day moving average price of $38.48. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 27.96 and a beta of 0.51. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wall Street Zen downgraded Viper Energy from a “hold” rating to a “sell” rating in a report on Sunday, January 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Viper Energy in a report on Wednesday, January 21st. Wells Fargo & Company lifted their price objective on Viper Energy from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Jefferies Financial Group assumed coverage on shares of Viper Energy in a research report on Thursday, October 23rd. They set a “hold” rating and a $38.00 target price on the stock. Finally, Piper Sandler lowered their price target on shares of Viper Energy from $68.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. Thirteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.71.

About Viper Energy

Viper Energy Partners LP is a publicly traded master limited partnership that owns and intends to acquire mineral and royalty interests in oil and natural gas properties. As a pass-through entity, Viper Energy Partners does not engage in drilling or production operations directly; instead, it generates revenues by holding overriding royalty interests, mineral fee interests and royalty fee interests. These interests entitle the partnership to receive a percentage of the proceeds from hydrocarbons produced and sold by third-party operators.

The partnership’s assets are concentrated in the Permian Basin, with a primary focus on the Delaware Basin region of West Texas and southeastern New Mexico.