Viper Energy Inc. $VNOM Shares Sold by Stephens Inc. AR

Stephens Inc. AR lowered its position in shares of Viper Energy Inc. (NASDAQ:VNOM) by 2.5% in the second quarter, HoldingsChannel.com reports. The fund owned 12,583 shares of the oil and gas producer’s stock after selling 329 shares during the quarter. Stephens Inc. AR’s holdings in Viper Energy were worth $480,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VNOM. Vanguard Group Inc. lifted its position in Viper Energy by 28.9% during the 1st quarter. Vanguard Group Inc. now owns 13,016,792 shares of the oil and gas producer’s stock worth $587,708,000 after acquiring an additional 2,921,832 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Viper Energy by 21.6% during the 1st 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 acquiring an additional 1,778,093 shares during the period. Alyeska Investment Group L.P. lifted its position in Viper Energy by 763.4% during the 1st quarter. Alyeska Investment Group L.P. now owns 1,799,642 shares of the oil and gas producer’s stock worth $81,254,000 after acquiring an additional 1,591,212 shares during the period. Wellington Management Group LLP raised its stake in shares of Viper Energy by 12.2% during the 1st quarter. Wellington Management Group LLP now owns 11,953,910 shares of the oil and gas producer’s stock valued at $539,719,000 after buying an additional 1,301,933 shares during the last quarter. Finally, Burkehill Global Management LP purchased a new position in shares of Viper Energy during the 1st quarter valued at about $27,090,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VNOM shares. Morgan Stanley reduced their price objective on Viper Energy from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Tuesday, October 14th. Piper Sandler lifted their price objective on Viper Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Barclays reduced their price objective on Viper Energy from $60.00 to $57.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Jefferies Financial Group began coverage on Viper Energy in a report on Thursday. They issued a “hold” rating and a $38.00 price target for the company. Finally, Wall Street Zen cut Viper Energy from a “hold” rating to a “sell” rating in a report on Sunday. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.07.

Viper Energy Price Performance

VNOM stock opened at $37.26 on Friday. 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 business has a 50 day simple moving average of $38.16 and a 200-day simple moving average of $39.01. The firm has a market capitalization of $10.75 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 16.48 and a beta of 0.92. Viper Energy Inc. has a 1 year low of $34.71 and a 1 year high of $56.76.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings results on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Viper Energy had a return on equity of 3.92% and a net margin of 37.84%.The business had revenue of $297.00 million during the quarter, compared to analyst estimates of $285.35 million. During the same period in the prior year, the business earned $0.62 earnings per share. The business’s revenue was up 37.1% compared to the same quarter last year. Equities research 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 disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were issued a $0.53 dividend. The ex-dividend date was Thursday, August 14th. This represents a $2.12 dividend on an annualized basis and a yield of 5.7%. Viper Energy’s dividend payout ratio is currently 38.15%.

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.