Viper Energy Inc. $VNOM Shares Acquired by Keybank National Association OH

Keybank National Association OH increased its position in Viper Energy Inc. (NASDAQ:VNOM) by 76.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,376 shares of the oil and gas producer’s stock after buying an additional 17,502 shares during the quarter. Keybank National Association OH’s holdings in Viper Energy were worth $1,897,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Deprince Race & Zollo Inc. grew its holdings in shares of Viper Energy by 9.0% during the 1st quarter. Deprince Race & Zollo Inc. now owns 126,757 shares of the oil and gas producer’s stock worth $5,956,000 after purchasing an additional 10,455 shares during the period. MQS Management LLC purchased a new stake in Viper Energy during the first quarter worth approximately $208,000. Cross Staff Investments Inc purchased a new stake in Viper Energy during the first quarter worth approximately $225,000. Forum Financial Management LP acquired a new stake in shares of Viper Energy in the first quarter worth $215,000. Finally, Inspire Investing LLC acquired a new stake in shares of Viper Energy in the first quarter worth $199,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Piper Sandler lifted their target price on shares of Viper Energy from $64.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Barclays increased their price target on Viper Energy from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Morgan Stanley cut their price objective on Viper Energy from $49.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Truist Financial set a $58.00 target price on Viper Energy in a research report on Wednesday, May 6th. Finally, Zacks Research lowered Viper Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Viper Energy has an average rating of “Moderate Buy” and a consensus price target of $58.15.

Viper Energy Stock Up 1.3%

NASDAQ:VNOM traded up $0.52 on Tuesday, reaching $41.00. The stock had a trading volume of 194,121 shares, compared to its average volume of 2,541,115. The company has a 50-day moving average of $45.54 and a 200 day moving average of $43.82. 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 stock has a market cap of $14.72 billion, a P/E ratio of -127.68 and a beta of 0.40. Viper Energy Inc. has a 12-month low of $35.10 and a 12-month high of $51.13.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Monday, May 4th. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $511.00 million for the quarter, compared to analyst estimates of $499.81 million. During the same period in the previous year, the company earned $0.54 earnings per share. The company’s revenue for the quarter was up 108.6% compared to the same quarter last year. On average, research analysts predict that Viper Energy Inc. will post 2.49 earnings per share for the current year.

Viper Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.52 annualized dividend and a yield of 3.7%. Viper Energy’s payout ratio is currently -475.00%.

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.