Hennion & Walsh Asset Management Inc. Purchases 23,267 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Hennion & Walsh Asset Management Inc. boosted its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 292.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,210 shares of the oil and gas producer’s stock after acquiring an additional 23,267 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Viper Energy were worth $1,409,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rhumbline Advisers boosted its stake in Viper Energy by 26.4% during the first quarter. Rhumbline Advisers now owns 339,045 shares of the oil and gas producer’s stock worth $15,308,000 after buying an additional 70,748 shares during the period. GAMMA Investing LLC boosted its stake in Viper Energy by 6,591.3% during the first quarter. GAMMA Investing LLC now owns 91,068 shares of the oil and gas producer’s stock worth $4,112,000 after buying an additional 89,707 shares during the period. California State Teachers Retirement System boosted its stake in Viper Energy by 10.4% during the fourth quarter. California State Teachers Retirement System now owns 96,293 shares of the oil and gas producer’s stock worth $4,725,000 after buying an additional 9,035 shares during the period. Park Square Financial Group LLC purchased a new position in Viper Energy during the fourth quarter worth $86,000. Finally, GF Fund Management CO. LTD. purchased a new position in Viper Energy during the fourth quarter worth $1,550,000. Institutional investors own 87.72% of the company’s stock.

Viper Energy Stock Performance

NASDAQ:VNOM opened at $41.33 on Friday. The firm has a market capitalization of $11.93 billion, a PE ratio of 17.74 and a beta of 1.00. The business’s fifty day moving average price is $40.32 and its 200 day moving average price is $45.70. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. Viper Energy, Inc. has a 12 month low of $34.71 and a 12 month high of $56.76.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings data on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.09. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The company had revenue of $245.00 million during the quarter, compared to the consensus estimate of $233.99 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. On average, sell-side analysts anticipate that Viper Energy, Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were given a $0.30 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.90%. Viper Energy’s payout ratio is currently 31.58%.

Wall Street Analysts Forecast Growth

VNOM has been the subject of a number of recent analyst reports. Mizuho boosted their target price on shares of Viper Energy from $54.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday. Wall Street Zen raised shares of Viper Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Piper Sandler lowered their target price on shares of Viper Energy from $62.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, May 13th. Barclays boosted their target price on shares of Viper Energy from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Wells Fargo & Company lowered their target price on shares of Viper Energy from $51.00 to $48.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Viper Energy has an average rating of “Moderate Buy” and an average target price of $56.85.

Viper Energy Profile

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.