8,563 Shares in Viper Energy Inc. $VNOM Acquired by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC bought a new position in shares of Viper Energy Inc. (NASDAQ:VNOM) in the 2nd quarter, Holdings Channel reports. The fund bought 8,563 shares of the oil and gas producer’s stock, valued at approximately $327,000.

Several other large investors have also added to or reduced their stakes in VNOM. Vanguard Group Inc. grew its stake in Viper Energy by 28.9% during the first quarter. Vanguard Group Inc. now owns 13,016,792 shares of the oil and gas producer’s stock worth $587,708,000 after purchasing an additional 2,921,832 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Viper Energy by 21.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,996,351 shares of the oil and gas producer’s stock worth $451,336,000 after purchasing an additional 1,778,093 shares during the period. Alyeska Investment Group L.P. grew its stake in Viper Energy by 763.4% during the first quarter. Alyeska Investment Group L.P. now owns 1,799,642 shares of the oil and gas producer’s stock worth $81,254,000 after purchasing an additional 1,591,212 shares during the period. Wellington Management Group LLP grew its stake in Viper Energy by 12.2% during the first quarter. Wellington Management Group LLP now owns 11,953,910 shares of the oil and gas producer’s stock worth $539,719,000 after purchasing an additional 1,301,933 shares during the period. Finally, Burkehill Global Management LP acquired a new stake in Viper Energy during the first quarter worth approximately $27,090,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Stock Performance

Shares of Viper Energy stock opened at $39.01 on Friday. The business’s fifty day simple moving average is $38.30 and its 200 day simple moving average is $39.61. The firm has a market capitalization of $11.26 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 17.01 and a beta of 0.92. Viper Energy Inc. has a 12 month low of $34.71 and a 12 month high of $56.76. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.13.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings results on Monday, August 4th. The oil and gas producer reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Viper Energy had a return on equity of 3.92% and a net margin of 37.84%.The business had revenue of $297.00 million for the quarter, compared to analyst estimates of $285.35 million. During the same period last year, the company posted $0.62 earnings per share. Viper Energy’s quarterly revenue was up 37.1% compared to the same quarter last year. As a group, analysts anticipate that Viper Energy Inc. will post 2.02 EPS for the current year.

Viper Energy Cuts Dividend

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

Analysts Set New Price Targets

VNOM has been the topic of several recent research reports. Wells Fargo & Company cut their price target 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 reiterated an “outperform” rating and issued a $57.00 price target (down previously from $60.00) on shares of Viper Energy in a report on Tuesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Viper Energy in a report on Saturday, September 27th. William Blair initiated coverage on Viper Energy in a report on Monday, August 25th. They issued an “outperform” rating on the stock. Finally, Wall Street Zen lowered Viper Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Sixteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.27.

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.