14,178 Shares in Viper Energy Inc. $VNOM Acquired by BankChampaign National Association

BankChampaign National Association purchased a new position in shares of Viper Energy Inc. (NASDAQ:VNOM) in the first quarter, Holdings Channel reports. The fund purchased 14,178 shares of the oil and gas producer’s stock, valued at approximately $666,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Encompass Capital Advisors LLC acquired a new stake in shares of Viper Energy in the fourth quarter worth $52,087,000. Wellington Management Group LLP raised its holdings in shares of Viper Energy by 11.1% during the fourth quarter. Wellington Management Group LLP now owns 11,491,534 shares of the oil and gas producer’s stock worth $443,918,000 after purchasing an additional 1,144,863 shares during the last quarter. GW&K Investment Management LLC acquired a new position in Viper Energy during the fourth quarter valued at $42,550,000. Balyasny Asset Management L.P. lifted its position in Viper Energy by 7,413.0% during the third quarter. Balyasny Asset Management L.P. now owns 1,109,824 shares of the oil and gas producer’s stock valued at $42,417,000 after purchasing an additional 1,095,052 shares during the period. Finally, Ninepoint Partners LP boosted its holdings in Viper Energy by 700.0% in the fourth quarter. Ninepoint Partners LP now owns 1,200,000 shares of the oil and gas producer’s stock valued at $46,356,000 after purchasing an additional 1,050,000 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Stock Performance

Shares of NASDAQ VNOM opened at $43.46 on Friday. The company’s fifty day moving average price is $43.87 and its 200 day moving average price is $44.51. Viper Energy Inc. has a 1 year low of $35.10 and a 1 year high of $51.13. The company has a market capitalization of $15.60 billion, a PE ratio of -135.81 and a beta of 0.40. The company has a debt-to-equity ratio of 0.15, a quick ratio of 6.17 and a current ratio of 6.17.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings results on Monday, May 4th. The oil and gas producer reported $0.55 EPS for the quarter, beating the consensus estimate of $0.43 by $0.12. Viper Energy had a negative net margin of 2.77% and a positive return on equity of 2.64%. The company had revenue of $511.00 million for the quarter, compared to analyst estimates of $499.81 million. During the same quarter last year, the business earned $0.54 earnings per share. The firm’s revenue was up 108.6% on a year-over-year basis. On average, research analysts predict that Viper Energy Inc. will post 2.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VNOM. Raymond James Financial increased their price target on Viper Energy from $60.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 26th. Truist Financial decreased their price objective on Viper Energy from $58.00 to $52.00 and set a “buy” rating for the company in a report on Monday, July 20th. Weiss Ratings restated a “hold (c)” rating on shares of Viper Energy in a research note on Friday, July 17th. KeyCorp raised their target price on Viper Energy from $56.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Finally, Morgan Stanley reduced their price target on Viper Energy from $49.00 to $46.00 and set an “overweight” rating for the company in a research report on Monday, June 29th. Fifteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Viper Energy has a consensus rating of “Moderate Buy” and a consensus price target of $57.57.

About Viper Energy

Viper Energy Partners LP is a publicly traded master limited partnership that owns and intends to acquire mineral and royalty interests in oil and natural gas properties. As a pass-through entity, Viper Energy Partners does not engage in drilling or production operations directly; instead, it generates revenues by holding overriding royalty interests, mineral fee interests and royalty fee interests. These interests entitle the partnership to receive a percentage of the proceeds from hydrocarbons produced and sold by third-party operators.

The partnership’s assets are concentrated in the Permian Basin, with a primary focus on the Delaware Basin region of West Texas and southeastern New Mexico.