Viper Energy Inc. $VNOM Shares Purchased by UBS Group AG

UBS Group AG grew its position in shares of Viper Energy Inc. (NASDAQ:VNOM) by 53.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,350,352 shares of the oil and gas producer’s stock after purchasing an additional 469,095 shares during the period. UBS Group AG owned 0.38% of Viper Energy worth $52,164,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Viper Energy during the 3rd quarter worth about $31,000. Ameriflex Group Inc. acquired a new stake in shares of Viper Energy during the 3rd quarter worth about $38,000. CoreCap Advisors LLC boosted its stake in shares of Viper Energy by 503.3% during the 3rd quarter. CoreCap Advisors LLC now owns 1,086 shares of the oil and gas producer’s stock worth $42,000 after purchasing an additional 906 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Viper Energy by 68.3% during the 3rd quarter. Parallel Advisors LLC now owns 1,400 shares of the oil and gas producer’s stock worth $54,000 after purchasing an additional 568 shares during the last quarter. Finally, Bogart Wealth LLC acquired a new stake in Viper Energy in the 3rd quarter worth about $57,000. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Price Performance

Shares of Viper Energy stock opened at $49.97 on Wednesday. Viper Energy Inc. has a twelve month low of $35.10 and a twelve month high of $51.13. The stock has a market capitalization of $17.87 billion, a P/E ratio of -156.15, a PEG ratio of 1.04 and a beta of 0.42. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average price is $46.31 and its 200 day moving average price is $41.52.

Viper Energy (NASDAQ:VNOM) last issued its earnings results on Monday, May 4th. The oil and gas producer reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.12. Viper Energy had a positive return on equity of 2.67% and a negative net margin of 2.77%.The firm had revenue of $511.00 million for the quarter, compared to analysts’ expectations of $499.82 million. During the same quarter last year, the firm earned $0.54 earnings per share. The firm’s revenue for the quarter was up 108.6% compared to the same quarter last year. As a group, research analysts anticipate that Viper Energy Inc. will post 2.39 earnings per share for the current year.

Viper Energy Announces Dividend

The firm 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 dividend of $0.38 per share. The ex-dividend date is Thursday, May 14th. This represents a $1.52 annualized dividend and a dividend yield of 3.0%. Viper Energy’s payout ratio is presently -660.87%.

Analysts Set New Price Targets

VNOM has been the topic of a number of research analyst reports. Roth Mkm reissued a “buy” rating and issued a $54.00 price target on shares of Viper Energy in a research note on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Viper Energy in a research report on Monday, April 20th. TD Securities raised their target price on shares of Viper Energy from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Jefferies Financial Group raised shares of Viper Energy from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Monday, April 13th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $60.00 target price on shares of Viper Energy in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $55.53.

About Viper Energy

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.