Viper Energy Inc. $VNOM Shares Purchased by ORG Partners LLC

ORG Partners LLC boosted its position in shares of Viper Energy Inc. (NASDAQ:VNOM) by 1,070.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,282 shares of the oil and gas producer’s stock after purchasing an additional 20,379 shares during the quarter. ORG Partners LLC’s holdings in Viper Energy were worth $861,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Oaktree Capital Management LP purchased a new position in shares of Viper Energy in the third quarter valued at $240,215,000. Vanguard Group Inc. boosted its position in shares of Viper Energy by 28.0% in the 3rd quarter. Vanguard Group Inc. now owns 16,906,846 shares of the oil and gas producer’s stock worth $646,180,000 after buying an additional 3,699,141 shares in the last quarter. Capital World Investors grew its stake in Viper Energy by 18.7% in the 3rd quarter. Capital World Investors now owns 12,423,354 shares of the oil and gas producer’s stock valued at $474,821,000 after acquiring an additional 1,957,417 shares during the last quarter. HITE Hedge Asset Management LLC increased its holdings in Viper Energy by 452.4% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 1,661,991 shares of the oil and gas producer’s stock valued at $63,521,000 after acquiring an additional 1,361,130 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in Viper Energy by 7,413.0% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,109,824 shares of the oil and gas producer’s stock valued at $42,417,000 after acquiring an additional 1,095,052 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Stock Performance

Shares of VNOM stock opened at $47.85 on Monday. The company has a market capitalization of $17.11 billion, a price-to-earnings ratio of -208.03, a PEG ratio of 1.20 and a beta of 0.48. 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 firm has a 50-day moving average price of $43.90 and a 200 day moving average price of $39.99. Viper Energy Inc. has a twelve month low of $34.71 and a twelve month high of $49.08.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings results on Monday, February 23rd. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The company had revenue of $435.00 million for the quarter, compared to analysts’ expectations of $415.51 million. Viper Energy had a negative net margin of 4.87% and a positive return on equity of 2.62%. The firm’s revenue for the quarter was up 87.6% compared to the same quarter last year. During the same period last year, the company earned $2.04 EPS. Research analysts forecast that Viper Energy Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, March 5th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.2%. This is an increase from Viper Energy’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, March 5th. Viper Energy’s dividend payout ratio (DPR) is -660.87%.

Analyst Ratings Changes

VNOM has been the topic of several recent research reports. Mizuho upped their price target on shares of Viper Energy from $52.00 to $53.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Citigroup raised their price objective on shares of Viper Energy from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Piper Sandler lifted their price objective on Viper Energy from $64.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Wells Fargo & Company upped their target price on Viper Energy from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Finally, Wall Street Zen upgraded Viper Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $52.27.

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.