Viper Energy Inc. $VNOM Shares Acquired by ORG Partners LLC

ORG Partners LLC increased its holdings in Viper Energy Inc. (NASDAQ:VNOM) by 1,070.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 22,282 shares of the oil and gas producer’s stock after purchasing an additional 20,379 shares during the period. ORG Partners LLC’s holdings in Viper Energy were worth $861,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC lifted its position in Viper Energy by 230.4% during the fourth quarter. ORG Wealth Partners LLC now owns 6,681 shares of the oil and gas producer’s stock worth $258,000 after buying an additional 4,659 shares during the period. Canoe Financial LP purchased a new stake in Viper Energy in the 4th quarter valued at about $966,000. SG Americas Securities LLC increased its stake in shares of Viper Energy by 2,117.1% during the 4th quarter. SG Americas Securities LLC now owns 576,294 shares of the oil and gas producer’s stock valued at $22,262,000 after acquiring an additional 550,301 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Viper Energy by 502.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 690,756 shares of the oil and gas producer’s stock valued at $26,684,000 after acquiring an additional 576,151 shares during the last quarter. Finally, Dudley & Shanley Inc. purchased a new position in shares of Viper Energy during the 4th quarter worth about $297,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Price Performance

Shares of NASDAQ VNOM opened at $47.85 on Monday. Viper Energy Inc. has a 1-year low of $34.71 and a 1-year high of $49.08. The business has a 50-day moving average of $43.90 and a 200-day moving average of $39.99. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.72 and a quick ratio of 3.72. The company has a market capitalization of $17.11 billion, a price-to-earnings ratio of -208.03, a PEG ratio of 1.20 and a beta of 0.48.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Monday, February 23rd. The oil and gas producer reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. The business had revenue of $435.00 million for the quarter, compared to the consensus estimate of $415.51 million. Viper Energy had a positive return on equity of 2.62% and a negative net margin of 4.87%.The company’s revenue was up 87.6% on a year-over-year basis. During the same period last year, the business posted $2.04 EPS. On average, equities analysts anticipate that Viper Energy Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, March 5th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.2%. This is a positive change from Viper Energy’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, March 5th. Viper Energy’s dividend payout ratio is -660.87%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VNOM shares. Barclays decreased their target price on shares of Viper Energy from $60.00 to $54.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 21st. TD Securities increased their price target on shares of Viper Energy from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Citigroup lifted their price target on shares of Viper Energy from $45.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Morgan Stanley boosted their price objective on shares of Viper Energy from $44.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Piper Sandler increased their target price on Viper Energy from $64.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.27.

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.