Rhumbline Advisers Buys 88,128 Shares of Viper Energy Inc. $VNOM

Rhumbline Advisers increased its position in Viper Energy Inc. (NASDAQ:VNOM) by 26.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 422,580 shares of the oil and gas producer’s stock after purchasing an additional 88,128 shares during the quarter. Rhumbline Advisers’ holdings in Viper Energy were worth $16,151,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Viper Energy by 38.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,881 shares of the oil and gas producer’s stock worth $2,162,000 after buying an additional 13,218 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Viper Energy by 264.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 240,799 shares of the oil and gas producer’s stock worth $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 boosted 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 valued at $9,233,000 after purchasing an additional 37,847 shares in the last quarter. New York State Teachers Retirement System raised its stake in Viper Energy by 3.7% in the second quarter. New York State Teachers Retirement System now owns 27,774 shares of the oil and gas producer’s stock worth $1,059,000 after buying an additional 995 shares in the last quarter. Finally, Pacific Heights Asset Management LLC lifted its holdings in Viper Energy by 20.0% during the second quarter. Pacific Heights Asset Management LLC now owns 300,000 shares of the oil and gas producer’s stock worth $11,439,000 after buying an additional 50,000 shares during the period. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Stock Up 1.4%

NASDAQ:VNOM opened at $44.61 on Thursday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. Viper Energy Inc. has a twelve month low of $34.71 and a twelve month high of $51.47. The company has a market cap of $16.04 billion, a PE ratio of 18.43, a P/E/G ratio of 27.81 and a beta of 0.51. The company’s 50 day moving average is $39.80 and its two-hundred day moving average is $38.58.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Viper Energy from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Mizuho boosted their target price on shares of Viper Energy from $51.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Piper Sandler lowered their price target on shares of Viper Energy from $68.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, November 18th. Barclays reduced their price objective on shares of Viper Energy from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, January 21st. Finally, Jefferies Financial Group initiated coverage on shares of Viper Energy in a research report on Thursday, October 23rd. They set a “hold” rating and a $38.00 target price for the company. Thirteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $52.71.

Viper Energy Company 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.