Spirit of America Management Corp NY Purchases 2,150 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Spirit of America Management Corp NY raised its position in Viper Energy, Inc. (NASDAQ:VNOM) by 7.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 30,600 shares of the oil and gas producer’s stock after acquiring an additional 2,150 shares during the period. Spirit of America Management Corp NY’s holdings in Viper Energy were worth $1,502,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in VNOM. State Street Corp raised its stake in shares of Viper Energy by 78.2% during the 3rd quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer’s stock worth $172,918,000 after purchasing an additional 1,682,183 shares in the last quarter. Yaupon Capital Management LP bought a new stake in shares of Viper Energy during the 3rd quarter worth approximately $18,044,000. Retirement Systems of Alabama bought a new stake in shares of Viper Energy during the 3rd quarter worth approximately $12,980,000. Zimmer Partners LP raised its stake in shares of Viper Energy by 344.0% during the 3rd quarter. Zimmer Partners LP now owns 325,000 shares of the oil and gas producer’s stock worth $14,661,000 after purchasing an additional 251,800 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Viper Energy by 16.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer’s stock worth $76,647,000 after purchasing an additional 234,048 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Viper Energy Price Performance

Shares of VNOM stock opened at $48.70 on Wednesday. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a twelve month low of $30.56 and a twelve month high of $56.76. The company has a market cap of $9.18 billion, a P/E ratio of 20.90 and a beta of 1.71. The business has a fifty day simple moving average of $50.04 and a 200 day simple moving average of $48.78.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $209.59 million during the quarter, compared to the consensus estimate of $210.54 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The business’s quarterly revenue was down 28.5% on a year-over-year basis. During the same period last year, the company earned $1.10 earnings per share. On average, sell-side analysts forecast that Viper Energy, Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th will be given a $0.65 dividend. The ex-dividend date is Thursday, March 6th. This is an increase from Viper Energy’s previous dividend of $0.22. Viper Energy’s dividend payout ratio (DPR) is currently 51.50%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. StockNews.com lowered Viper Energy from a “hold” rating to a “sell” rating in a report on Monday. Bank of America assumed coverage on Viper Energy in a report on Tuesday, November 26th. They set a “buy” rating and a $64.00 target price on the stock. KeyCorp raised Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 target price on the stock in a report on Friday, December 13th. Raymond James reissued an “outperform” rating and set a $58.00 target price (down from $64.00) on shares of Viper Energy in a report on Tuesday. Finally, Barclays upped their price objective on Viper Energy from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Viper Energy presently has an average rating of “Moderate Buy” and an average target price of $59.55.

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.