Viper Energy Inc. $VNOM Position Raised by Naples Global Advisors LLC

Naples Global Advisors LLC lifted its stake in shares of Viper Energy Inc. (NASDAQ:VNOM) by 44.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,055 shares of the oil and gas producer’s stock after purchasing an additional 3,400 shares during the quarter. Naples Global Advisors LLC’s holdings in Viper Energy were worth $422,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Kestra Advisory Services LLC raised its stake in shares of Viper Energy by 1.4% during the first quarter. Kestra Advisory Services LLC now owns 18,070 shares of the oil and gas producer’s stock valued at $816,000 after purchasing an additional 249 shares in the last quarter. Segment Wealth Management LLC raised its stake in shares of Viper Energy by 3.9% during the first quarter. Segment Wealth Management LLC now owns 9,520 shares of the oil and gas producer’s stock valued at $430,000 after purchasing an additional 360 shares in the last quarter. Private Advisor Group LLC raised its stake 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 valued at $373,000 after purchasing an additional 398 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Viper Energy by 1.9% during the first quarter. Concurrent Investment Advisors LLC now owns 20,861 shares of the oil and gas producer’s stock valued at $942,000 after purchasing an additional 399 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Viper Energy by 129.0% during the first quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 414 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors.

Viper Energy Price Performance

NASDAQ VNOM opened at $39.01 on Friday. The stock’s 50-day moving average price is $38.30 and its two-hundred day moving average price is $39.61. 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 cap of $11.26 billion, a PE ratio of 11.27, a PEG ratio of 17.01 and a beta of 0.92. Viper Energy Inc. has a 1 year low of $34.71 and a 1 year high of $56.76.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings data on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share (EPS) 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 firm had revenue of $297.00 million for the quarter, compared to the consensus estimate of $285.35 million. During the same quarter in the previous year, the company earned $0.62 EPS. The business’s revenue for the quarter was up 37.1% compared to the same quarter last year. On average, analysts predict that Viper Energy Inc. will post 2.02 EPS for the current year.

Viper Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Thursday, August 14th. Viper Energy’s payout ratio is 38.15%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on VNOM shares. Wells Fargo & Company lowered their target price on Viper Energy from $51.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, August 14th. Raymond James Financial reaffirmed an “outperform” rating and set a $57.00 target price (down from $60.00) on shares of Viper Energy in a report on Tuesday, July 29th. Wall Street Zen lowered Viper Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viper Energy in a report on Saturday, September 27th. Finally, TD Securities set a $54.00 target price on Viper Energy in a report on Tuesday. Sixteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Viper Energy has a consensus rating of “Moderate Buy” and an average target price of $55.27.

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.