Asset Management One Co. Ltd. Acquires Shares of 14,773 Viper Energy Inc. $VNOM

Asset Management One Co. Ltd. bought a new position in Viper Energy Inc. (NASDAQ:VNOM) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,773 shares of the oil and gas producer’s stock, valued at approximately $565,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Gravity Companies Inc. acquired a new position in Viper Energy in the second quarter valued at approximately $27,000. Assetmark Inc. grew its stake in shares of Viper Energy by 48.7% during the 2nd quarter. Assetmark Inc. now owns 1,068 shares of the oil and gas producer’s stock worth $41,000 after purchasing an additional 350 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of Viper Energy by 82.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,181 shares of the oil and gas producer’s stock valued at $45,000 after purchasing an additional 534 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Viper Energy by 65.6% in the 2nd quarter. UMB Bank n.a. now owns 1,217 shares of the oil and gas producer’s stock valued at $46,000 after purchasing an additional 482 shares during the period. Finally, Mather Group LLC. purchased a new stake in Viper Energy during the third quarter worth $62,000. 87.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on VNOM. Wells Fargo & Company lifted their price objective on shares of Viper Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Morgan Stanley cut their price target on Viper Energy from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Tuesday, October 14th. 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 for the company. Barclays raised their price objective on Viper Energy from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. 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. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Viper Energy currently has an average rating of “Moderate Buy” and an average price target of $54.20.

Viper Energy Price Performance

Shares of Viper Energy stock opened at $36.54 on Friday. The stock has a market capitalization of $13.14 billion, a P/E ratio of 15.10, a PEG ratio of 21.84 and a beta of 0.48. The business has a 50 day simple moving average of $37.96 and a two-hundred day simple moving average of $37.97. Viper Energy Inc. has a 12 month low of $34.71 and a 12 month high of $52.03. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings results on Monday, November 3rd. The oil and gas producer reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Viper Energy had a return on equity of 3.09% and a net margin of 20.62%.The firm had revenue of $418.00 million for the quarter, compared to analyst estimates of $389.35 million. During the same period in the previous year, the company posted $0.49 earnings per share. The business’s revenue was up 98.1% on a year-over-year basis. As a group, analysts predict that Viper Energy Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.6%. Viper Energy’s dividend payout ratio is presently 54.55%.

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.