Headlands Technologies LLC Buys 28,867 Shares of Viper Energy Inc. $VNOM

Headlands Technologies LLC increased its position in shares of Viper Energy Inc. (NASDAQ:VNOM) by 286.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,927 shares of the oil and gas producer’s stock after buying an additional 28,867 shares during the quarter. Headlands Technologies LLC’s holdings in Viper Energy were worth $1,651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. K.J. Harrison & Partners Inc bought a new stake in Viper Energy in the 4th quarter valued at $1,777,000. Bank of America Corp DE lifted its holdings in shares of Viper Energy by 24.0% during the 1st quarter. Bank of America Corp DE now owns 795,347 shares of the oil and gas producer’s stock worth $37,373,000 after acquiring an additional 154,032 shares during the period. GW&K Investment Management LLC bought a new position in shares of Viper Energy during the 4th quarter worth about $42,550,000. Royal Bank of Canada lifted its holdings in shares of Viper Energy by 37.1% during the 1st quarter. Royal Bank of Canada now owns 370,040 shares of the oil and gas producer’s stock worth $17,387,000 after acquiring an additional 100,193 shares during the period. Finally, Swiss National Bank boosted its position in shares of Viper Energy by 12.4% during the 1st quarter. Swiss National Bank now owns 375,116 shares of the oil and gas producer’s stock valued at $17,627,000 after acquiring an additional 41,300 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VNOM has been the subject of a number of analyst reports. Truist Financial cut their price target on shares of Viper Energy from $58.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Barclays dropped their target price on Viper Energy from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Wells Fargo & Company raised their target price on Viper Energy from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Wall Street Zen lowered Viper Energy from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, TD Cowen reiterated a “buy” rating on shares of Viper Energy in a research report on Tuesday, August 4th. Sixteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Viper Energy has an average rating of “Moderate Buy” and a consensus price target of $56.93.

Viper Energy Stock Up 1.4%

Shares of NASDAQ:VNOM opened at $44.79 on Tuesday. The company has a quick ratio of 6.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.16. The firm has a market cap of $16.09 billion, a P/E ratio of 344.56 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. The company’s 50-day moving average price is $43.13 and its two-hundred day moving average price is $45.01.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Monday, August 3rd. The oil and gas producer reported $0.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.76. Viper Energy had a net margin of 2.89% and a return on equity of 3.43%. The company had revenue of $677.00 million for the quarter, compared to analyst estimates of $643.45 million. During the same period in the prior year, the business earned $0.41 earnings per share. Viper Energy’s quarterly revenue was up 127.9% on a year-over-year basis. As a group, research analysts forecast that Viper Energy Inc. will post 2.6 EPS for the current fiscal year.

Viper Energy Dividend Announcement

The company also recently announced a special dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th were paid a $0.29 dividend. This represents a dividend yield of 281.0%. The ex-dividend date of this dividend was Thursday, August 13th. Viper Energy’s dividend payout ratio (DPR) is 1,169.23%.

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.