Viper Energy Inc. $VNOM Shares Sold by Segment Wealth Management LLC

Segment Wealth Management LLC reduced its position in Viper Energy Inc. (NASDAQ:VNOM) by 6.1% in the 2nd quarter, Holdings Channel reports. The firm owned 8,940 shares of the oil and gas producer’s stock after selling 580 shares during the quarter. Segment Wealth Management LLC’s holdings in Viper Energy were worth $341,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Viper Energy by 28.9% in the 1st quarter. Vanguard Group Inc. now owns 13,016,792 shares of the oil and gas producer’s stock valued at $587,708,000 after purchasing an additional 2,921,832 shares during the last quarter. Wellington Management Group LLP raised its stake in Viper Energy by 12.2% in the 1st quarter. Wellington Management Group LLP now owns 11,953,910 shares of the oil and gas producer’s stock valued at $539,719,000 after purchasing an additional 1,301,933 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Viper Energy by 21.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,996,351 shares of the oil and gas producer’s stock valued at $451,336,000 after purchasing an additional 1,778,093 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Viper Energy by 19.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,751,660 shares of the oil and gas producer’s stock valued at $124,238,000 after purchasing an additional 442,235 shares during the last quarter. Finally, Woodline Partners LP raised its stake in Viper Energy by 37.4% in the 1st quarter. Woodline Partners LP now owns 1,980,786 shares of the oil and gas producer’s stock valued at $89,432,000 after purchasing an additional 539,517 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Stock Performance

Shares of Viper Energy stock opened at $39.01 on Friday. The business has a 50-day moving average of $38.30 and a 200 day moving average of $39.57. Viper Energy Inc. has a 12 month low of $34.71 and a 12 month high of $56.76. The stock has a market capitalization of $11.26 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 17.43 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 6.15 and a quick ratio of 6.15.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Monday, August 4th. The oil and gas producer reported $0.41 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 company had revenue of $297.00 million during the quarter, compared to analysts’ expectations of $285.35 million. During the same period last year, the business posted $0.62 EPS. Viper Energy’s revenue for the quarter was up 37.1% on a year-over-year basis. As a group, sell-side analysts forecast that Viper Energy Inc. will post 2.02 earnings per share for the current year.

Viper Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Thursday, August 14th. Viper Energy’s dividend payout ratio (DPR) is presently 38.15%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VNOM. KeyCorp reduced their price objective on Viper Energy from $56.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, September 3rd. Wall Street Zen downgraded Viper Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. William Blair initiated coverage on Viper Energy in a research note on Monday, August 25th. They issued an “outperform” rating for the company. TD Securities set a $54.00 target price on Viper Energy in a research note on Tuesday. Finally, Mizuho cut their target price on Viper Energy from $55.00 to $51.00 and set an “outperform” rating for the company in a research note on Monday, September 15th. Sixteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Viper Energy currently has an average rating of “Moderate Buy” and a consensus price target of $55.27.

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.