Beacon Pointe Advisors LLC Acquires Shares of 15,955 Viper Energy Inc. $VNOM

Beacon Pointe Advisors LLC acquired a new stake in shares of Viper Energy Inc. (NASDAQ:VNOM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 15,955 shares of the oil and gas producer’s stock, valued at approximately $608,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Gravity Companies Inc. acquired a new stake in Viper Energy during the 2nd quarter valued at $27,000. AlphaQuest LLC purchased a new position in Viper Energy in the 1st quarter valued at about $41,000. Assetmark Inc. grew its stake in shares of Viper Energy by 48.7% during the second quarter. Assetmark Inc. now owns 1,068 shares of the oil and gas producer’s stock valued at $41,000 after acquiring an additional 350 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Viper Energy by 82.5% during the second quarter. First Horizon Advisors Inc. now owns 1,181 shares of the oil and gas producer’s stock valued at $45,000 after acquiring an additional 534 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Viper Energy by 65.6% during the second quarter. UMB Bank n.a. now owns 1,217 shares of the oil and gas producer’s stock worth $46,000 after acquiring an additional 482 shares during the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on VNOM shares. Morgan Stanley reduced their price target on Viper Energy from $46.00 to $45.00 and set an “overweight” rating for the company in a report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viper Energy in a research report on Wednesday, October 8th. Wells Fargo & Company increased their target price on Viper Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Mizuho dropped their price target on shares of Viper Energy from $55.00 to $51.00 and set an “outperform” rating for the company in a research note on Monday, September 15th. Finally, Roth Capital set a $50.00 price target on shares of Viper Energy and gave the company a “buy” rating in a report on Tuesday, August 26th. Fourteen research 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, Viper Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.13.

Viper Energy Trading Up 1.6%

Viper Energy stock opened at $40.65 on Monday. The firm’s 50-day moving average is $37.42 and its 200-day moving average is $38.30. The company has a debt-to-equity ratio of 0.20, a quick ratio of 6.15 and a current ratio of 1.88. Viper Energy Inc. has a 1 year low of $34.71 and a 1 year high of $52.60. The company has a market cap of $14.61 billion, a P/E ratio of 16.80, a PEG ratio of 18.56 and a beta of 0.48.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, November 3rd. The oil and gas producer reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $418.00 million during the quarter, compared to the consensus estimate of $389.35 million. Viper Energy had a net margin of 20.62% and a return on equity of 3.09%. The company’s revenue for the quarter was up 98.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS. On average, equities analysts expect that Viper Energy Inc. will post 2.02 earnings per share for the current year.

Viper Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Thursday, November 13th. Viper Energy’s dividend payout ratio is presently 54.55%.

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.