Viper Energy Inc. $VNOM Stock Position Lifted by Pacer Advisors Inc.

Pacer Advisors Inc. raised its stake in Viper Energy Inc. (NASDAQ:VNOM) by 56.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 615,920 shares of the oil and gas producer’s stock after buying an additional 221,853 shares during the quarter. Pacer Advisors Inc.’s holdings in Viper Energy were worth $28,942,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Stephens Inc. AR boosted its stake in shares of Viper Energy by 1.8% during the 1st quarter. Stephens Inc. AR now owns 13,720 shares of the oil and gas producer’s stock valued at $645,000 after buying an additional 245 shares during the period. Kestra Advisory Services LLC increased its stake in shares of Viper Energy by 1.2% in the first quarter. Kestra Advisory Services LLC now owns 21,849 shares of the oil and gas producer’s stock worth $1,027,000 after acquiring an additional 268 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of Viper Energy by 5.3% during the fourth quarter. HB Wealth Management LLC now owns 6,348 shares of the oil and gas producer’s stock worth $245,000 after acquiring an additional 317 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Viper Energy by 31.2% during the first quarter. Parallel Advisors LLC now owns 1,354 shares of the oil and gas producer’s stock worth $64,000 after acquiring an additional 322 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its position in Viper Energy by 1.8% during the first quarter. Apollon Wealth Management LLC now owns 21,036 shares of the oil and gas producer’s stock valued at $988,000 after purchasing an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Viper Energy Stock Down 2.1%

Viper Energy stock opened at $43.69 on Tuesday. 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. The firm’s fifty day simple moving average is $43.76 and its 200-day simple moving average is $44.61. The company has a market capitalization of $15.69 billion, a P/E ratio of -136.53 and a beta of 0.40.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.76. The firm had revenue of $677.00 million during the quarter, compared to analysts’ expectations of $643.45 million. Viper Energy had a negative net margin of 2.77% and a positive return on equity of 2.64%. Viper Energy’s revenue for the quarter was up 127.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. Sell-side analysts forecast that Viper Energy Inc. will post 2.42 earnings per share for the current fiscal year.

Viper Energy Dividend Announcement

The business also recently declared a special dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 13th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, August 13th. Viper Energy’s payout ratio is currently -475.00%.

Analysts Set New Price Targets

A number of research analysts have commented on VNOM shares. Johnson Rice started coverage on Viper Energy in a research note on Monday. They issued an “accumulate” rating and a $55.00 target price on the stock. Wells Fargo & Company raised their price target on Viper Energy from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Viper Energy in a report on Friday, July 17th. Roth Capital set a $52.00 price target on Viper Energy in a research note on Wednesday, July 15th. Finally, Zacks Research downgraded Viper Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Sixteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Viper Energy has an average rating of “Moderate Buy” and an average target price of $57.13.

Viper Energy 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.