Fisher Asset Management LLC Has $637,000 Stock Holdings in Viper Energy Inc. $VNOM

Fisher Asset Management LLC decreased its holdings in shares of Viper Energy Inc. (NASDAQ:VNOM) by 46.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,499 shares of the oil and gas producer’s stock after selling 14,373 shares during the period. Fisher Asset Management LLC’s holdings in Viper Energy were worth $637,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Ameriflex Group Inc. bought a new stake in Viper Energy in the third quarter worth approximately $38,000. Parallel Advisors LLC grew its position in shares of Viper Energy by 68.3% during the 3rd quarter. Parallel Advisors LLC now owns 1,400 shares of the oil and gas producer’s stock worth $54,000 after buying an additional 568 shares during the period. Fifth Third Bancorp increased its stake in shares of Viper Energy by 151.8% in the 3rd quarter. Fifth Third Bancorp now owns 1,536 shares of the oil and gas producer’s stock valued at $59,000 after acquiring an additional 926 shares in the last quarter. Colonial Trust Advisors bought a new stake in shares of Viper Energy in the 3rd quarter valued at $69,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Viper Energy by 256.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,794 shares of the oil and gas producer’s stock valued at $69,000 after acquiring an additional 1,291 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on VNOM. KeyCorp raised their price target on shares of Viper Energy from $56.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Jefferies Financial Group upgraded Viper Energy from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Monday, April 13th. Wells Fargo & Company boosted their target price on Viper Energy from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. TD Securities upped their price target on Viper Energy from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Finally, Raymond James Financial increased their price target on Viper Energy from $60.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $57.86.

Viper Energy Stock Performance

NASDAQ VNOM opened at $45.50 on Friday. The company has a fifty day simple moving average of $47.08 and a 200 day simple moving average of $42.76. Viper Energy Inc. has a 12-month low of $35.10 and a 12-month high of $51.13. The company has a current ratio of 6.17, a quick ratio of 6.17 and a debt-to-equity ratio of 0.15. The company has a market cap of $16.34 billion, a P/E ratio of -142.18 and a beta of 0.42.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings results on Monday, May 4th. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $499.82 million. During the same quarter last year, the firm posted $0.54 EPS. Viper Energy’s revenue was up 108.6% compared to the same quarter last year. Sell-side analysts predict that Viper Energy Inc. will post 2.59 earnings per share for the current fiscal year.

Viper Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.52 annualized dividend and a yield of 3.3%. Viper Energy’s dividend payout ratio (DPR) is presently -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.