43,161 Shares in Viper Energy Inc. $VNOM Bought by RFG Advisory LLC

RFG Advisory LLC acquired a new position in Viper Energy Inc. (NASDAQ:VNOM) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 43,161 shares of the oil and gas producer’s stock, valued at approximately $1,650,000.

Several other large investors also recently modified their holdings of VNOM. Beacon Pointe Advisors LLC acquired a new stake in shares of Viper Energy during the 2nd quarter valued at approximately $608,000. JPMorgan Chase & Co. boosted its holdings in Viper Energy by 15.1% in the second quarter. JPMorgan Chase & Co. now owns 303,909 shares of the oil and gas producer’s stock worth $11,588,000 after purchasing an additional 39,867 shares during the period. Trilogy Capital Inc. increased its stake in Viper Energy by 190.4% during the third quarter. Trilogy Capital Inc. now owns 59,960 shares of the oil and gas producer’s stock valued at $2,292,000 after purchasing an additional 39,315 shares during the last quarter. Howard Financial Services LTD. raised its holdings in shares of Viper Energy by 140.6% during the third quarter. Howard Financial Services LTD. now owns 48,760 shares of the oil and gas producer’s stock worth $1,864,000 after purchasing an additional 28,498 shares during the period. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Viper Energy during the second quarter worth $505,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Stock Performance

VNOM opened at $43.85 on Thursday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $39.42 and its 200-day moving average is $38.35. The stock has a market cap of $15.76 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 27.31 and a beta of 0.51. Viper Energy Inc. has a twelve month low of $34.71 and a twelve month high of $51.67.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Barclays decreased their price target on shares of Viper Energy from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday, January 21st. Weiss Ratings restated a “hold (c)” rating on shares of Viper Energy in a research note on Wednesday, January 21st. Wells Fargo & Company increased their price target on Viper Energy from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Jefferies Financial Group initiated coverage on Viper Energy in a report on Thursday, October 23rd. They issued a “hold” rating and a $38.00 price target on the stock. Finally, Mizuho boosted their price objective on Viper Energy from $51.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Thirteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Viper Energy currently has a consensus rating of “Moderate Buy” and an average target price of $52.71.

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.