Viper Energy Inc. $VNOM Shares Sold by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. decreased its holdings in Viper Energy Inc. (NASDAQ:VNOM) by 13.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 126,075 shares of the oil and gas producer’s stock after selling 18,825 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Viper Energy were worth $4,807,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings 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 worth $587,708,000 after purchasing an additional 2,921,832 shares during the period. Wellington Management Group LLP raised its holdings in shares of Viper Energy by 12.2% during the first 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 last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Viper Energy by 21.6% during the first 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 last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Viper Energy by 19.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,751,660 shares of the oil and gas producer’s stock valued at $124,238,000 after acquiring an additional 442,235 shares during the last quarter. Finally, Woodline Partners LP raised its holdings in shares of Viper Energy by 37.4% during the first quarter. Woodline Partners LP now owns 1,980,786 shares of the oil and gas producer’s stock valued at $89,432,000 after acquiring an additional 539,517 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on VNOM shares. Raymond James Financial reissued an “outperform” rating and set a $57.00 target price (down previously from $60.00) on shares of Viper Energy in a report on Tuesday, July 29th. Piper Sandler increased their price target on Viper Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Barclays cut their price target on Viper Energy from $60.00 to $57.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. KeyCorp cut their price target on Viper Energy from $56.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. Finally, William Blair initiated coverage on Viper Energy in a report on Monday, August 25th. They issued an “outperform” rating for the company. Sixteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

Viper Energy Trading Down 1.4%

Shares of Viper Energy stock opened at $36.59 on Wednesday. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 16.68 and a beta of 0.92. Viper Energy Inc. has a fifty-two week low of $34.71 and a fifty-two week high of $56.76. The company has a debt-to-equity ratio of 0.13, a quick ratio of 6.15 and a current ratio of 6.15. The stock has a 50 day moving average of $38.32 and a 200 day moving average of $39.22.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings data on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share for the quarter, topping 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 analyst estimates of $285.35 million. During the same period in the prior year, the business posted $0.62 earnings per share. The firm’s revenue for the quarter was up 37.1% compared to the same quarter last year. As a group, research analysts predict that Viper Energy Inc. will post 2.02 earnings per share for the current year.

Viper Energy Cuts Dividend

The business also recently announced 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 5.8%. Viper Energy’s dividend payout ratio (DPR) is 38.15%.

Viper Energy Company 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.