Viper Energy Inc. $VNOM Shares Acquired by Lido Advisors LLC

Lido Advisors LLC increased its holdings in shares of Viper Energy Inc. (NASDAQ:VNOM) by 40.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 51,877 shares of the oil and gas producer’s stock after acquiring an additional 14,898 shares during the period. Lido Advisors LLC’s holdings in Viper Energy were worth $2,438,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Viper Energy by 38.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,881 shares of the oil and gas producer’s stock valued at $2,162,000 after purchasing an additional 13,218 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Viper Energy by 264.2% in the first quarter. Goldman Sachs Group Inc. now owns 240,799 shares of the oil and gas producer’s stock valued at $10,872,000 after purchasing an additional 174,684 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Viper Energy by 22.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,499 shares of the oil and gas producer’s stock worth $9,233,000 after purchasing an additional 37,847 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Viper Energy by 30.7% during the second quarter. Prudential Financial Inc. now owns 12,785 shares of the oil and gas producer’s stock worth $487,000 after purchasing an additional 3,005 shares in the last quarter. Finally, Guggenheim Capital LLC raised its position in shares of Viper Energy by 6.5% during the 2nd quarter. Guggenheim Capital LLC now owns 23,028 shares of the oil and gas producer’s stock worth $878,000 after purchasing an additional 1,405 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Viper Energy from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Viper Energy in a research note on Friday, July 17th. TD reduced their target price on Viper Energy from $59.00 to $58.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Jefferies Financial Group upgraded Viper Energy from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Monday, April 13th. Finally, Raymond James Financial lifted their price target on Viper Energy from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. Fifteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $57.57.

Viper Energy Price Performance

Shares of NASDAQ VNOM opened at $45.14 on Monday. The firm has a 50-day simple moving average of $44.29 and a 200-day simple moving average of $44.33. The company has a quick ratio of 6.17, a current ratio of 6.17 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $16.21 billion, a price-to-earnings ratio of -141.06 and a beta of 0.40. Viper Energy Inc. has a 52 week low of $35.10 and a 52 week high of $51.13.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, May 4th. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.12. The company had revenue of $511.00 million during the quarter, compared to analysts’ expectations of $499.81 million. Viper Energy had a negative net margin of 2.77% and a positive return on equity of 2.64%. Viper Energy’s revenue was up 108.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 EPS. On average, equities analysts predict that Viper Energy Inc. will post 2.42 earnings per share for the current fiscal year.

Viper Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were given a $0.38 dividend. The ex-dividend date was Thursday, May 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.4%. Viper Energy’s dividend payout ratio is -475.00%.

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.