Defined Financial Planning LLC Invests $264,000 in Viper Energy, Inc. (NASDAQ:VNOM)

Defined Financial Planning LLC bought a new stake in Viper Energy, Inc. (NASDAQ:VNOM) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,793 shares of the oil and gas producer’s stock, valued at approximately $264,000.

Several other hedge funds have also made changes to their positions in the stock. Barclays PLC lifted its holdings in shares of Viper Energy by 103.3% during the 3rd quarter. Barclays PLC now owns 43,962 shares of the oil and gas producer’s stock worth $1,982,000 after acquiring an additional 22,334 shares during the period. Golden State Wealth Management LLC acquired a new stake in Viper Energy during the 4th quarter valued at $25,000. Empowered Funds LLC raised its position in Viper Energy by 2.3% in the 4th quarter. Empowered Funds LLC now owns 100,633 shares of the oil and gas producer’s stock valued at $4,938,000 after purchasing an additional 2,261 shares during the last quarter. Stephens Inc. AR boosted its stake in Viper Energy by 4.3% in the fourth quarter. Stephens Inc. AR now owns 14,834 shares of the oil and gas producer’s stock worth $728,000 after purchasing an additional 605 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its holdings in shares of Viper Energy by 5.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 13,128 shares of the oil and gas producer’s stock worth $644,000 after purchasing an additional 662 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VNOM. TD Securities raised their price target on Viper Energy from $57.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Barclays upped their target price on shares of Viper Energy from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. dropped their price target on shares of Viper Energy from $49.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, May 7th. Raymond James restated an “outperform” rating and issued a $60.00 price objective (up from $54.00) on shares of Viper Energy in a report on Thursday, June 5th. Finally, Wells Fargo & Company lowered their target price on shares of Viper Energy from $51.00 to $48.00 and set an “overweight” rating for the company in a report on Monday, April 21st. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $56.85.

Viper Energy Price Performance

NASDAQ VNOM opened at $41.89 on Thursday. Viper Energy, Inc. has a 12-month low of $34.71 and a 12-month high of $56.76. The firm’s 50 day moving average is $40.31 and its 200-day moving average is $45.42. The company has a market capitalization of $12.09 billion, a PE ratio of 17.98 and a beta of 1.00. 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 (NASDAQ:VNOM) last posted its quarterly earnings data on Monday, May 5th. The oil and gas producer reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.09. The company had revenue of $245.00 million during the quarter, compared to the consensus estimate of $233.99 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. During the same period in the prior year, the business posted $0.49 EPS. Equities research analysts anticipate that Viper Energy, Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.86%. Viper Energy’s dividend payout ratio is 31.58%.

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.