Viper Energy Inc. $VNOM Stake Lifted by QV Investors Inc.

QV Investors Inc. boosted its holdings in shares of Viper Energy Inc. (NASDAQ:VNOM) by 36.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,195 shares of the oil and gas producer’s stock after acquiring an additional 12,980 shares during the period. QV Investors Inc.’s holdings in Viper Energy were worth $1,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Renaissance Technologies LLC bought a new position in shares of Viper Energy during the first quarter valued at approximately $37,464,000. Ashford Capital Management Inc. purchased a new position in Viper Energy during the first quarter valued at approximately $16,103,000. Recurrent Investment Advisors LLC increased its holdings in Viper Energy by 36.9% during the first quarter. Recurrent Investment Advisors LLC now owns 989,318 shares of the oil and gas producer’s stock valued at $46,488,000 after buying an additional 266,703 shares during the period. Assenagon Asset Management S.A. bought a new position in Viper Energy in the second quarter worth approximately $10,792,000. Finally, Ninepoint Partners LP bought a new position in Viper Energy in the second quarter worth approximately $10,600,000. Institutional investors own 87.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VNOM. Royal Bank Of Canada upped their target price on Viper Energy from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, October 9th. Truist Financial lifted their price target on Viper Energy from $52.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, October 14th. Scotiabank started coverage on Viper Energy in a research report on Wednesday, October 14th. They issued a “sector outperform” rating and a $54.00 price target for the company. Morgan Stanley upped their price objective on Viper Energy from $46.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, October 15th. Finally, Citigroup decreased their price objective on Viper Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $56.56.

Viper Energy Price Performance

Shares of VNOM opened at $45.85 on Wednesday. The company has a 50 day moving average of $43.30 and a two-hundred day moving average of $44.40. The company has a quick ratio of 6.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.16. Viper Energy Inc. has a twelve month low of $35.10 and a twelve month high of $51.13. The company has a market cap of $16.47 billion, a price-to-earnings ratio of 22.54 and a beta of 0.50.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Monday, August 3rd. The oil and gas producer reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. Viper Energy had a return on equity of 3.43% and a net margin of 2.89%. The company had revenue of $677.00 million for the quarter, compared to analyst estimates of $643.45 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s quarterly revenue was up 127.9% compared to the same quarter last year. As a group, analysts predict that Viper Energy Inc. will post 2.77 earnings per share for the current fiscal year.

Viper Energy Announces Dividend

The firm also recently declared a special dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th were paid a dividend of $0.29 per share. The ex-dividend date was Thursday, August 13th. This represents a dividend yield of 281.0%. Viper Energy’s payout ratio is presently 1,169.23%.

Viper Energy Profile

Viper Energy, Inc (NASDAQ: VNOM) owns mineral and royalty interests in oil and natural gas properties, primarily in the Permian Basin of West Texas and New Mexico. The company’s interests are concentrated in the Midland and Delaware basins, two of the most active producing regions in the United States.

Viper generally does not operate wells or directly conduct drilling and completion activities. Instead, it leases its mineral interests to exploration and production companies and receives royalty, overriding royalty and other mineral-related payments from the sale of hydrocarbons produced on those properties.