Boston Partners Purchases 398,642 Shares of Viper Energy Inc. $VNOM

Boston Partners grew its position in shares of Viper Energy Inc. (NASDAQ:VNOM) by 23.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,104,032 shares of the oil and gas producer’s stock after acquiring an additional 398,642 shares during the quarter. Boston Partners owned 0.73% of Viper Energy worth $80,033,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in VNOM. Cullen Frost Bankers Inc. bought a new stake in shares of Viper Energy in the first quarter worth $34,000. AlphaQuest LLC acquired a new stake in Viper Energy in the 1st quarter valued at $41,000. Assetmark Inc. lifted its position in Viper Energy by 48.7% during the 2nd quarter. Assetmark Inc. now owns 1,068 shares of the oil and gas producer’s stock worth $41,000 after buying an additional 350 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Viper Energy by 82.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,181 shares of the oil and gas producer’s stock worth $45,000 after buying an additional 534 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Viper Energy by 65.6% during the 2nd quarter. UMB Bank n.a. now owns 1,217 shares of the oil and gas producer’s stock worth $46,000 after buying an additional 482 shares during the last quarter. 87.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on VNOM shares. Mizuho lowered their target price on Viper Energy from $55.00 to $51.00 and set an “outperform” rating on the stock in a research report on Monday, September 15th. Jefferies Financial Group initiated coverage on Viper Energy in a research note on Thursday, October 23rd. They issued a “hold” rating and a $38.00 price target for the company. TD Securities set a $54.00 price objective on Viper Energy in a research note on Tuesday, September 30th. Morgan Stanley cut their price objective on Viper Energy from $46.00 to $45.00 and set an “overweight” rating for the company in a report on Tuesday, October 14th. Finally, Roth Capital set a $50.00 target price on shares of Viper Energy and gave the company a “buy” rating in a research note on Tuesday, August 26th. Fifteen equities research 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 an average rating of “Moderate Buy” and a consensus target price of $54.27.

Viper Energy Stock Performance

Shares of NASDAQ VNOM opened at $37.74 on Thursday. The company has a current ratio of 1.88, a quick ratio of 6.15 and a debt-to-equity ratio of 0.20. Viper Energy Inc. has a 12 month low of $34.71 and a 12 month high of $56.76. The stock has a 50 day moving average of $37.79 and a 200-day moving average of $38.80. The company has a market capitalization of $10.89 billion, a P/E ratio of 15.60, a P/E/G ratio of 17.11 and a beta of 0.89.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings results on Monday, November 3rd. The oil and gas producer reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Viper Energy had a return on equity of 3.09% and a net margin of 20.62%.The business had revenue of $418.00 million for the quarter, compared to analysts’ expectations of $389.35 million. During the same quarter in the prior year, the business earned $0.49 EPS. The firm’s revenue for the quarter was up 98.1% on a year-over-year basis. As a group, equities research analysts predict that Viper Energy Inc. will post 2.02 EPS for the current year.

Viper Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Thursday, November 13th. Viper Energy’s dividend payout ratio (DPR) is currently 54.55%.

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.