Dana Investment Advisors Inc. Buys 13,525 Shares of Viper Energy Inc. $VNOM

Dana Investment Advisors Inc. grew its stake in Viper Energy Inc. (NASDAQ:VNOM) by 42.3% during the 4th quarter, HoldingsChannel reports. The fund owned 45,465 shares of the oil and gas producer’s stock after purchasing an additional 13,525 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Viper Energy were worth $1,756,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Stephens Inc. AR lifted its holdings in shares of Viper Energy by 6.1% during the fourth quarter. Stephens Inc. AR now owns 13,475 shares of the oil and gas producer’s stock valued at $521,000 after purchasing an additional 771 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Viper Energy by 1,672.3% during the fourth quarter. Pacer Advisors Inc. now owns 394,067 shares of the oil and gas producer’s stock valued at $15,223,000 after purchasing an additional 371,832 shares in the last quarter. Naples Global Advisors LLC lifted its holdings in shares of Viper Energy by 37.7% during the fourth quarter. Naples Global Advisors LLC now owns 19,535 shares of the oil and gas producer’s stock valued at $755,000 after purchasing an additional 5,345 shares in the last quarter. Bernzott Capital Advisors lifted its holdings in shares of Viper Energy by 3.8% during the fourth quarter. Bernzott Capital Advisors now owns 115,721 shares of the oil and gas producer’s stock valued at $4,470,000 after purchasing an additional 4,220 shares in the last quarter. Finally, Praxis Investment Management Inc. bought a new position in shares of Viper Energy during the fourth quarter valued at $301,000. 87.72% of the stock is owned by institutional investors.

Viper Energy Price Performance

Viper Energy stock opened at $48.98 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 6.17 and a current ratio of 6.17. The stock has a fifty day moving average of $46.64 and a 200 day moving average of $42.12. The stock has a market cap of $17.59 billion, a PE ratio of -153.06 and a beta of 0.42. Viper Energy Inc. has a one year low of $35.10 and a one year high of $51.13.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings results on Monday, May 4th. The oil and gas producer reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.12. The business had revenue of $511.00 million during the quarter, compared to analysts’ expectations of $499.82 million. Viper Energy had a positive return on equity of 2.64% and a negative net margin of 2.77%.The business’s quarterly revenue was up 108.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 earnings per share. As a group, sell-side analysts predict that Viper Energy Inc. will post 2.43 EPS for the current year.

Viper Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th will be given a $0.38 dividend. The ex-dividend date is Thursday, May 14th. This represents a $1.52 dividend on an annualized basis and a yield of 3.1%. Viper Energy’s dividend payout ratio is presently -475.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on VNOM shares. Wall Street Zen raised Viper Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. KeyCorp upped their price target on Viper Energy from $56.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Roth Mkm reaffirmed a “buy” rating and set a $54.00 price target on shares of Viper Energy in a report on Tuesday, May 5th. Truist Financial set a $58.00 price target on Viper Energy in a report on Wednesday, May 6th. Finally, TD Securities upped their price target on Viper Energy from $54.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Viper Energy presently has a consensus rating of “Buy” and a consensus price target of $56.50.

Viper Energy 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.