Bokf Na Decreases Stake in Viper Energy, Inc. (NASDAQ:VNOM)

Bokf Na cut its position in Viper Energy, Inc. (NASDAQ:VNOM) by 45.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,000 shares of the oil and gas producer’s stock after selling 25,100 shares during the period. Bokf Na’s holdings in Viper Energy were worth $1,490,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Viper Energy by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 10,094,960 shares of the oil and gas producer’s stock valued at $495,360,000 after buying an additional 239,404 shares during the last quarter. FIL Ltd increased its holdings in shares of Viper Energy by 8.5% in the 4th quarter. FIL Ltd now owns 3,964,130 shares of the oil and gas producer’s stock valued at $194,520,000 after acquiring an additional 310,890 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Viper Energy by 20.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,309,425 shares of the oil and gas producer’s stock worth $113,324,000 after acquiring an additional 389,473 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Viper Energy during the fourth quarter worth approximately $95,505,000. Finally, Geode Capital Management LLC raised its holdings in Viper Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 1,733,745 shares of the oil and gas producer’s stock worth $85,102,000 after purchasing an additional 35,084 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on VNOM shares. StockNews.com downgraded shares of Viper Energy from a “hold” rating to a “sell” rating in a research report on Wednesday. KeyCorp reduced their target price on Viper Energy from $62.00 to $56.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Truist Financial cut their price target on Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Mizuho began coverage on Viper Energy in a report on Monday, March 31st. They issued an “outperform” rating and a $56.00 price objective for the company. Finally, Piper Sandler cut their target price on shares of Viper Energy from $63.00 to $62.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $56.31.

Viper Energy Stock Up 3.9 %

VNOM opened at $40.89 on Friday. The business has a 50 day simple moving average of $41.52 and a 200-day simple moving average of $47.41. 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 $8.71 billion, a P/E ratio of 17.55 and a beta of 1.05. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24.

Viper Energy (NASDAQ:VNOM) last issued its earnings results on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.09. The company had revenue of $245.00 million during the quarter, compared to analysts’ expectations of $233.99 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. During the same period last year, the company posted $0.49 earnings per share. On average, equities analysts anticipate that Viper Energy, Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, May 15th. Viper Energy’s dividend payout ratio (DPR) is 31.58%.

Viper Energy Company 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.