Viper Energy Inc. $VNOM Shares Acquired by Ninety One UK Ltd

Ninety One UK Ltd lifted its position in shares of Viper Energy Inc. (NASDAQ:VNOM) by 101.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 324,138 shares of the oil and gas producer’s stock after purchasing an additional 163,060 shares during the quarter. Ninety One UK Ltd owned 0.11% of Viper Energy worth $12,359,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in VNOM. Vanguard Group Inc. grew its stake in Viper Energy by 28.9% in the 1st quarter. Vanguard Group Inc. now owns 13,016,792 shares of the oil and gas producer’s stock valued at $587,708,000 after acquiring an additional 2,921,832 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Viper Energy by 21.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,996,351 shares of the oil and gas producer’s stock valued at $451,336,000 after acquiring an additional 1,778,093 shares during the period. Alyeska Investment Group L.P. grew its stake in Viper Energy by 763.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 1,799,642 shares of the oil and gas producer’s stock valued at $81,254,000 after acquiring an additional 1,591,212 shares during the period. Wellington Management Group LLP grew its stake in Viper Energy by 12.2% in 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 acquiring an additional 1,301,933 shares during the period. Finally, Burkehill Global Management LP acquired a new stake in Viper Energy in the 1st quarter valued at $27,090,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Viper Energy from $51.00 to $48.00 and set an “overweight” rating on the stock in a research note on Thursday, August 14th. Evercore ISI raised their price objective on Viper Energy from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Morgan Stanley initiated coverage on Viper Energy in a report on Monday, August 18th. They issued an “overweight” rating and a $46.00 price objective on the stock. TD Securities set a $54.00 price objective on Viper Energy in a report on Tuesday. Finally, Mizuho decreased their price objective on Viper Energy from $55.00 to $51.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Sixteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $55.27.

Viper Energy Stock Up 1.3%

Shares of NASDAQ:VNOM opened at $38.73 on Thursday. The business has a 50-day moving average price of $38.28 and a 200 day moving average price of $39.68. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 17.08 and a beta of 0.92. Viper Energy Inc. has a 12-month low of $34.71 and a 12-month high of $56.76.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Viper Energy had a return on equity of 3.92% and a net margin of 37.84%.The company had revenue of $297.00 million during the quarter, compared to the consensus estimate of $285.35 million. During the same period in the previous year, the company posted $0.62 EPS. Viper Energy’s revenue was up 37.1% compared to the same quarter last year. Sell-side analysts expect that Viper Energy Inc. will post 2.02 EPS for the current year.

Viper Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Thursday, August 14th. Viper Energy’s dividend payout ratio is 38.15%.

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.