Viper Energy Inc. $VNOM Stock Holdings Boosted by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its position in Viper Energy Inc. (NASDAQ:VNOM) by 29.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,840 shares of the oil and gas producer’s stock after acquiring an additional 13,063 shares during the period. Rockefeller Capital Management L.P.’s holdings in Viper Energy were worth $2,205,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mutual of America Capital Management LLC grew its position in Viper Energy by 24.2% in the 1st quarter. Mutual of America Capital Management LLC now owns 67,583 shares of the oil and gas producer’s stock worth $3,051,000 after purchasing an additional 13,187 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Viper Energy by 5.1% during the first quarter. Private Advisor Group LLC now owns 8,260 shares of the oil and gas producer’s stock worth $373,000 after buying an additional 398 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Viper Energy in the 1st quarter worth approximately $5,049,000. KLP Kapitalforvaltning AS increased its position in Viper Energy by 17.8% in the 1st quarter. KLP Kapitalforvaltning AS now owns 25,100 shares of the oil and gas producer’s stock valued at $1,133,000 after acquiring an additional 3,800 shares during the period. Finally, Avantax Advisory Services Inc. bought a new stake in Viper Energy during the 1st quarter valued at $209,000. 87.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VNOM shares. Roth Capital set a $50.00 price target on Viper Energy and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Jefferies Financial Group initiated coverage on shares of Viper Energy in a research report on Thursday, October 23rd. They issued a “hold” rating and a $38.00 target price for the company. Morgan Stanley lowered their target price on shares of Viper Energy from $46.00 to $45.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 14th. Barclays upped their price target on shares of Viper Energy from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Finally, Wells Fargo & Company increased their price objective on shares of Viper Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.13.

Viper Energy Price Performance

NASDAQ:VNOM opened at $35.99 on Monday. The company has a quick ratio of 6.15, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $37.55 and its 200 day moving average price is $38.56. Viper Energy Inc. has a 52-week low of $34.71 and a 52-week high of $56.76. The firm has a market cap of $12.94 billion, a P/E ratio of 14.87, a PEG ratio of 16.00 and a beta of 0.89.

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

Viper Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Thursday, November 13th. Viper Energy’s dividend payout ratio (DPR) is presently 54.55%.

About Viper Energy

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.