Heartland Advisors Inc. Buys 164,226 Shares of Viper Energy Inc. $VNOM

Heartland Advisors Inc. raised its holdings in shares of Viper Energy Inc. (NASDAQ:VNOM) by 46.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 514,226 shares of the oil and gas producer’s stock after purchasing an additional 164,226 shares during the quarter. Viper Energy accounts for about 1.1% of Heartland Advisors Inc.’s portfolio, making the stock its 12th largest position. Heartland Advisors Inc. owned about 0.14% of Viper Energy worth $19,865,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VNOM. Los Angeles Capital Management LLC bought a new stake in shares of Viper Energy in the 4th quarter worth about $27,000. Ameriflex Group Inc. purchased a new position in Viper Energy in the 3rd quarter worth about $38,000. Parallel Advisors LLC increased its stake in Viper Energy by 68.3% in the 3rd quarter. Parallel Advisors LLC now owns 1,400 shares of the oil and gas producer’s stock worth $54,000 after buying an additional 568 shares during the period. Fifth Third Bancorp increased its stake in Viper Energy by 151.8% in the 3rd quarter. Fifth Third Bancorp now owns 1,536 shares of the oil and gas producer’s stock worth $59,000 after buying an additional 926 shares during the period. Finally, Colonial Trust Advisors purchased a new position in Viper Energy in the 3rd quarter worth about $69,000. Institutional investors own 87.72% of the company’s stock.

Viper Energy Trading Down 0.8%

NASDAQ VNOM opened at $44.78 on Thursday. 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 company has a market capitalization of $16.08 billion, a price-to-earnings ratio of -139.93 and a beta of 0.38. The company’s 50-day simple moving average is $46.80 and its two-hundred day simple moving average is $43.28. Viper Energy Inc. has a one year low of $35.10 and a one year high of $51.13.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Monday, May 4th. The oil and gas producer reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.12. The business had revenue of $511.00 million for the quarter, compared to the consensus estimate of $499.82 million. Viper Energy had a negative net margin of 2.77% and a positive return on equity of 2.64%. The company’s revenue for the quarter was up 108.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. Equities analysts forecast that Viper Energy Inc. will post 2.5 EPS for the current fiscal year.

Viper Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.4%. Viper Energy’s payout ratio is presently -475.00%.

Analyst Ratings Changes

VNOM has been the topic of several recent analyst reports. Raymond James Financial raised their price target on shares of Viper Energy from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. Mizuho raised their price target on shares of Viper Energy from $54.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Zacks Research raised shares of Viper Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Wall Street Zen raised shares of Viper Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $54.00 price target on shares of Viper Energy in a research note on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Viper Energy has a consensus rating of “Buy” and a consensus price target of $58.38.

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.