Viper Energy Inc. $VNOM Shares Sold by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC lessened its stake in Viper Energy Inc. (NASDAQ:VNOM) by 5.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 8,721 shares of the oil and gas producer’s stock after selling 526 shares during the period. Stratos Wealth Advisors LLC’s holdings in Viper Energy were worth $333,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in Viper Energy in the 1st quarter valued at about $34,000. AlphaQuest LLC acquired a new position in Viper Energy during the 1st quarter worth approximately $41,000. Golden State Wealth Management LLC increased its position in Viper Energy by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,000 shares of the oil and gas producer’s stock worth $45,000 after purchasing an additional 500 shares during the period. UMB Bank n.a. increased its position in Viper Energy by 65.6% during the 2nd quarter. UMB Bank n.a. now owns 1,217 shares of the oil and gas producer’s stock worth $46,000 after purchasing an additional 482 shares during the period. Finally, US Bancorp DE increased its position in Viper Energy by 39.1% during the 1st quarter. US Bancorp DE now owns 1,965 shares of the oil and gas producer’s stock worth $89,000 after purchasing an additional 552 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Price Performance

Shares of NASDAQ:VNOM opened at $36.35 on Monday. The business’s 50 day simple moving average is $38.23 and its 200-day simple moving average is $39.01. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 15.81 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 6.15 and a quick ratio of 6.15. Viper Energy Inc. has a 12 month low of $34.71 and a 12 month high of $56.76.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings results on Monday, August 4th. The oil and gas producer reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The business had revenue of $297.00 million for the quarter, compared to analyst estimates of $285.35 million. Viper Energy had a return on equity of 3.92% and a net margin of 37.84%.The company’s quarterly revenue was up 37.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.62 EPS. As a group, equities analysts forecast that Viper Energy Inc. will post 2.02 earnings per share for the current fiscal 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 paid a $0.53 dividend. The ex-dividend date of this dividend 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 is presently 38.15%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VNOM. Roth Capital set a $50.00 target price on Viper Energy and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Wells Fargo & Company boosted their target price on Viper Energy from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday. Piper Sandler boosted their target price on Viper Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Viper Energy in a research report on Wednesday, October 8th. Finally, William Blair initiated coverage on Viper Energy in a research report on Monday, August 25th. They set an “outperform” rating on the stock. Fifteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Viper Energy presently has a consensus rating of “Moderate Buy” and an average target price of $55.21.

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.