Viper Energy Inc. $VNOM Shares Acquired by Castleark Management LLC

Castleark Management LLC boosted its stake in Viper Energy Inc. (NASDAQ:VNOM) by 122.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,425 shares of the oil and gas producer’s stock after buying an additional 13,430 shares during the period. Castleark Management LLC’s holdings in Viper Energy were worth $1,148,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Los Angeles Capital Management LLC acquired a new stake in shares of Viper Energy in the 4th quarter worth about $27,000. Parallel Advisors LLC grew its position in Viper Energy by 68.3% in the 3rd quarter. Parallel Advisors LLC now owns 1,400 shares of the oil and gas producer’s stock worth $54,000 after purchasing an additional 568 shares during the last quarter. UMB Bank n.a. acquired a new stake in shares of Viper Energy in the fourth quarter valued at approximately $64,000. Nisa Investment Advisors LLC raised its holdings in shares of Viper Energy by 256.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,794 shares of the oil and gas producer’s stock valued at $69,000 after buying an additional 1,291 shares during the last quarter. Finally, Clearstead Advisors LLC boosted its position in shares of Viper Energy by 50.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,940 shares of the oil and gas producer’s stock worth $75,000 after buying an additional 654 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on VNOM. Truist Financial cut their target price on Viper Energy from $58.00 to $52.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Citigroup raised their target price on shares of Viper Energy from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Viper Energy in a research note on Friday, July 17th. TD cut their target price on shares of Viper Energy from $59.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Finally, Zacks Research downgraded Viper Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Fifteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.57.

Viper Energy Stock Down 4.6%

VNOM opened at $43.04 on Tuesday. The business has a 50 day moving average of $44.16 and a 200-day moving average of $44.37. The stock has a market capitalization of $15.45 billion, a price-to-earnings ratio of -134.50 and a beta of 0.40. The company has a current ratio of 6.17, a quick ratio of 6.17 and a debt-to-equity ratio of 0.15. Viper Energy Inc. has a 1-year low of $35.10 and a 1-year high of $51.13.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Monday, May 4th. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.12. Viper Energy had a negative net margin of 2.77% and a positive return on equity of 2.64%. The business had revenue of $511.00 million for the quarter, compared to analyst estimates of $499.81 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Viper Energy’s revenue was up 108.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Viper Energy Inc. will post 2.42 earnings per share for the current year.

Viper Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.5%. The ex-dividend date was Thursday, May 14th. Viper Energy’s payout ratio is currently -475.00%.

Viper Energy Company Profile

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.