Viper Energy Inc. $VNOM Stake Raised by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its holdings in Viper Energy Inc. (NASDAQ:VNOM) by 1,672.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 394,067 shares of the oil and gas producer’s stock after acquiring an additional 371,832 shares during the quarter. Pacer Advisors Inc. owned about 0.11% of Viper Energy worth $15,223,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in Viper Energy during the 3rd quarter worth about $38,000. CoreCap Advisors LLC raised its holdings in 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 buying an additional 906 shares during the period. Parallel Advisors LLC raised its holdings in 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 buying an additional 568 shares during the period. Bogart Wealth LLC acquired a new stake in Viper Energy during the 3rd quarter worth about $57,000. Finally, Fifth Third Bancorp raised its holdings in Viper Energy by 151.8% during the 3rd quarter. Fifth Third Bancorp now owns 1,536 shares of the oil and gas producer’s stock worth $59,000 after buying an additional 926 shares during the period. 87.72% of the stock is currently owned by institutional investors.

Viper Energy Trading Up 0.6%

NASDAQ:VNOM opened at $48.36 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 6.17 and a quick ratio of 6.17. Viper Energy Inc. has a fifty-two week low of $35.10 and a fifty-two week high of $51.13. The stock’s 50-day moving average is $46.50 and its two-hundred day moving average is $41.96. The stock has a market cap of $17.29 billion, a PE ratio of -151.12, a price-to-earnings-growth ratio of 0.97 and a beta of 0.42.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Monday, May 4th. The oil and gas producer reported $0.55 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $511.00 million for the quarter, compared to analysts’ expectations of $499.82 million. During the same quarter in the previous year, the business posted $0.54 EPS. The business’s revenue for the quarter was up 108.6% on a year-over-year basis. As a group, equities research analysts forecast that Viper Energy Inc. will post 2.41 earnings per share for the current fiscal year.

Viper Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Thursday, May 14th. Viper Energy’s payout ratio is -475.00%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VNOM. Wells Fargo & Company restated an “overweight” rating and set a $60.00 price objective on shares of Viper Energy in a report on Monday, April 20th. Barclays boosted their price objective on Viper Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Truist Financial set a $58.00 price objective on Viper Energy in a report on Wednesday, May 6th. Wall Street Zen upgraded Viper Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, TD Securities boosted their price objective on Viper Energy from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $56.43.

Viper Energy Company 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.