SCP Investment LP Increases Stake in Viper Energy Inc. $VNOM

SCP Investment LP lifted its holdings in shares of Viper Energy Inc. (NASDAQ:VNOM) by 52.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 78,800 shares of the oil and gas producer’s stock after purchasing an additional 27,000 shares during the period. Viper Energy accounts for about 2.5% of SCP Investment LP’s portfolio, making the stock its 8th largest position. SCP Investment LP’s holdings in Viper Energy were worth $3,044,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in VNOM. Ameriflex Group Inc. bought a new stake in shares of Viper Energy during the third quarter worth $38,000. Parallel Advisors LLC lifted its stake in shares of Viper Energy by 68.3% during the third quarter. Parallel Advisors LLC now owns 1,400 shares of the oil and gas producer’s stock valued at $54,000 after acquiring an additional 568 shares during the period. Fifth Third Bancorp lifted its stake in shares of Viper Energy by 151.8% during the third quarter. Fifth Third Bancorp now owns 1,536 shares of the oil and gas producer’s stock valued at $59,000 after acquiring an additional 926 shares during the period. Colonial Trust Advisors acquired a new position in shares of Viper Energy during the third quarter valued at $69,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Viper Energy by 256.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,794 shares of the oil and gas producer’s stock valued at $69,000 after acquiring an additional 1,291 shares during the period. Institutional investors own 87.72% of the company’s stock.

Analyst Ratings Changes

VNOM has been the topic of several research reports. Raymond James Financial upped their price target on Viper Energy from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, May 26th. Morgan Stanley upped their price target on Viper Energy from $44.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, March 27th. Wells Fargo & Company upped their price target on Viper Energy from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viper Energy in a research note on Monday, April 20th. Finally, Piper Sandler upped their price target on Viper Energy from $64.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $57.86.

Viper Energy Trading Up 0.9%

NASDAQ:VNOM opened at $46.02 on Wednesday. Viper Energy Inc. has a 1-year low of $35.10 and a 1-year high of $51.13. The business’s 50-day moving average price is $47.05 and its two-hundred day moving average price is $42.84. The company has a current ratio of 6.17, a quick ratio of 6.17 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $16.52 billion, a price-to-earnings ratio of -143.81 and a beta of 0.38.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Monday, May 4th. The oil and gas producer reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.12. Viper Energy had a positive return on equity of 2.64% and a negative net margin of 2.77%.The firm had revenue of $511.00 million for the quarter, compared to analyst estimates of $499.82 million. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was up 108.6% on a year-over-year basis. On average, equities analysts expect that Viper Energy Inc. will post 2.59 earnings per share for the current year.

Viper Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.52 annualized dividend and a yield of 3.3%. Viper Energy’s dividend payout ratio is presently -475.00%.

Viper Energy Company Profile

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.