Sentry Investment Management LLC Has $305,000 Stock Holdings in Viper Energy Inc. $VNOM

Sentry Investment Management LLC raised its holdings in shares of Viper Energy Inc. (NASDAQ:VNOM) by 18.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,056 shares of the oil and gas producer’s stock after purchasing an additional 1,238 shares during the quarter. Sentry Investment Management LLC’s holdings in Viper Energy were worth $305,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Viper Energy during the first quarter worth $34,000. AlphaQuest LLC acquired a new stake in shares of Viper Energy during the first quarter worth $41,000. Golden State Wealth Management LLC lifted its holdings in shares of Viper Energy by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 1,000 shares of the oil and gas producer’s stock worth $45,000 after buying an additional 500 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Viper Energy by 65.6% during the second quarter. UMB Bank n.a. now owns 1,217 shares of the oil and gas producer’s stock worth $46,000 after buying an additional 482 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Viper Energy by 39.1% during the first quarter. US Bancorp DE now owns 1,965 shares of the oil and gas producer’s stock worth $89,000 after buying an additional 552 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Stock Up 0.4%

Shares of NASDAQ VNOM opened at $36.35 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 6.15 and a current ratio of 6.15. Viper Energy Inc. has a 52 week low of $34.71 and a 52 week high of $56.76. The stock has a market capitalization of $10.49 billion, a P/E ratio of 10.51, a PEG ratio of 15.81 and a beta of 0.92. The stock’s fifty day moving average is $38.23 and its 200 day moving average is $39.01.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Viper Energy had a return on equity of 3.92% and a net margin of 37.84%.The firm had revenue of $297.00 million for the quarter, compared to analysts’ expectations of $285.35 million. During the same quarter in the previous year, the business posted $0.62 earnings per share. The business’s revenue for the quarter was up 37.1% on a year-over-year basis. Sell-side analysts forecast that Viper Energy Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Thursday, August 14th. Viper Energy’s payout ratio is currently 38.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their target price on Viper Energy from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Thursday. Barclays dropped their target price on Viper Energy from $60.00 to $57.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. TD Securities set a $54.00 price target on Viper Energy in a research report on Tuesday, September 30th. Wall Street Zen upgraded Viper Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Viper Energy in a research report on Wednesday, October 8th. Fifteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $55.21.

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.