Viper Energy Inc. $VNOM Position Boosted by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its position in Viper Energy Inc. (NASDAQ:VNOM) by 1,672.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 394,067 shares of the oil and gas producer’s stock after buying an additional 371,832 shares during the quarter. Pacer Advisors Inc.’s holdings in Viper Energy were worth $15,223,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in VNOM. Oaktree Capital Management LP bought a new stake in shares of Viper Energy in the 3rd quarter valued at approximately $240,215,000. Vanguard Group Inc. grew its stake in shares of Viper Energy by 28.0% in the 3rd quarter. Vanguard Group Inc. now owns 16,906,846 shares of the oil and gas producer’s stock valued at $646,180,000 after buying an additional 3,699,141 shares in the last quarter. Capital World Investors grew its stake in shares of Viper Energy by 18.7% in the 3rd quarter. Capital World Investors now owns 12,423,354 shares of the oil and gas producer’s stock valued at $474,821,000 after buying an additional 1,957,417 shares in the last quarter. HITE Hedge Asset Management LLC grew its stake in shares of Viper Energy by 452.4% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 1,661,991 shares of the oil and gas producer’s stock valued at $63,521,000 after buying an additional 1,361,130 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in shares of Viper Energy by 7,413.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,109,824 shares of the oil and gas producer’s stock valued at $42,417,000 after buying an additional 1,095,052 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Viper Energy Stock Up 0.6%

VNOM opened at $48.36 on Thursday. The business has a 50 day moving average price of $46.50 and a 200 day moving average price of $41.96. Viper Energy Inc. has a twelve month low of $35.10 and a twelve month high of $51.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 6.17 and a current ratio of 6.17. The firm has a market cap of $17.29 billion, a P/E ratio of -151.12, a price-to-earnings-growth ratio of 0.97 and a beta of 0.42.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Monday, May 4th. The oil and gas producer reported $0.55 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $499.82 million. During the same period in the previous year, the company earned $0.54 EPS. The company’s revenue for the quarter was up 108.6% on a year-over-year basis. Research analysts forecast that Viper Energy Inc. will post 2.41 EPS for the current year.

Viper Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Investors of record on Thursday, May 14th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.1%. The ex-dividend date is Thursday, May 14th. Viper Energy’s payout ratio is -475.00%.

Analysts Set New Price Targets

VNOM has been the subject of several recent research reports. Piper Sandler boosted 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. Mizuho boosted their price target on Viper Energy from $52.00 to $53.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Viper Energy in a research note on Monday, April 20th. KeyCorp boosted their price target on Viper Energy from $56.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Finally, Barclays boosted their price target on Viper Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $56.43.

Viper Energy 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.