Viper Energy Inc. $VNOM Stock Position Raised by Savant Capital LLC

Savant Capital LLC lifted its stake in shares of Viper Energy Inc. (NASDAQ:VNOM) by 23.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,488 shares of the oil and gas producer’s stock after purchasing an additional 3,282 shares during the period. Savant Capital LLC’s holdings in Viper Energy were worth $667,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VNOM. Cullen Frost Bankers Inc. purchased a new position in Viper Energy in the 1st quarter worth about $34,000. AlphaQuest LLC purchased a new position in shares of Viper Energy in the first quarter worth approximately $41,000. Assetmark Inc. increased its position in shares of Viper Energy by 48.7% in the second quarter. Assetmark Inc. now owns 1,068 shares of the oil and gas producer’s stock worth $41,000 after acquiring an additional 350 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Viper Energy by 82.5% during the second quarter. First Horizon Advisors Inc. now owns 1,181 shares of the oil and gas producer’s stock valued at $45,000 after acquiring an additional 534 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of Viper Energy by 65.6% in the 2nd quarter. UMB Bank n.a. now owns 1,217 shares of the oil and gas producer’s stock valued at $46,000 after acquiring an additional 482 shares in the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on VNOM. William Blair initiated coverage on shares of Viper Energy in a research report on Monday, August 25th. They set an “outperform” rating on the stock. Raymond James Financial reiterated an “outperform” rating and set a $57.00 price target (down previously from $60.00) on shares of Viper Energy in a report on Tuesday, July 29th. Barclays increased their price objective on Viper Energy from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viper Energy in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group started coverage on Viper Energy in a report on Thursday, October 23rd. They issued a “hold” rating and a $38.00 target price on the stock. Fifteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $54.27.

Viper Energy Stock Performance

Shares of VNOM stock opened at $37.95 on Friday. Viper Energy Inc. has a fifty-two week low of $34.71 and a fifty-two week high of $56.76. The stock’s 50-day moving average is $37.77 and its two-hundred day moving average is $38.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 6.15. The firm has a market cap of $10.95 billion, a P/E ratio of 15.68, a PEG ratio of 16.50 and a beta of 0.89.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings results on Monday, November 3rd. The oil and gas producer reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. Viper Energy had a return on equity of 3.09% and a net margin of 20.62%.The business had revenue of $418.00 million during the quarter, compared to analysts’ expectations of $389.35 million. During the same quarter in the previous year, the business posted $0.49 EPS. The firm’s quarterly revenue was up 98.1% compared to the same quarter last year. Analysts predict that Viper Energy Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th will be paid a dividend of $0.33 per share. The ex-dividend date is Thursday, November 13th. This represents a $1.32 annualized dividend and a dividend yield of 3.5%. Viper Energy’s dividend payout ratio is 54.55%.

About Viper Energy

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.