Stephens Investment Management Group LLC Acquires 93,498 Shares of Viper Energy Inc. $VNOM

Stephens Investment Management Group LLC increased its holdings in shares of Viper Energy Inc. (NASDAQ:VNOM) by 8.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,231,728 shares of the oil and gas producer’s stock after purchasing an additional 93,498 shares during the period. Stephens Investment Management Group LLC owned approximately 0.34% of Viper Energy worth $57,879,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VNOM. Los Angeles Capital Management LLC bought a new position in Viper Energy in the 4th quarter worth approximately $27,000. Ameriflex Group Inc. bought a new stake in shares of Viper Energy in the third quarter valued at approximately $38,000. Parallel Advisors LLC boosted its position in shares of Viper Energy by 68.3% in 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. UMB Bank n.a. acquired a new stake in shares of Viper Energy in the fourth quarter worth $64,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of Viper Energy by 256.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,794 shares of the oil and gas producer’s stock worth $69,000 after acquiring an additional 1,291 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on VNOM. Royal Bank Of Canada assumed coverage on shares of Viper Energy in a research report on Friday, May 29th. They set an “outperform” rating and a $58.00 target price on the stock. Truist Financial set a $58.00 price target on shares of Viper Energy in a research report on Wednesday, May 6th. Mizuho boosted their price objective on shares of Viper Energy from $54.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Viper Energy in a research note on Monday, April 20th. Finally, Barclays increased their target price on shares of Viper Energy from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $58.15.

Viper Energy Stock Performance

Shares of NASDAQ VNOM opened at $40.75 on Friday. The business has a fifty day simple moving average of $45.68 and a 200 day simple moving average of $43.78. 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 $14.63 billion, a price-to-earnings ratio of -127.34 and a beta of 0.40. Viper Energy Inc. has a one year low of $35.10 and a one year high of $51.13.

Viper Energy (NASDAQ:VNOM) last issued its earnings results on Monday, May 4th. The oil and gas producer reported $0.55 EPS 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 analysts’ expectations of $499.81 million. During the same period last year, the business earned $0.54 earnings per share. Viper Energy’s quarterly revenue was up 108.6% compared to the same quarter last year. Sell-side analysts expect that Viper Energy Inc. will post 2.49 EPS for the current year.

Viper Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Thursday, May 14th. Viper Energy’s dividend payout ratio (DPR) 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.