GAMMA Investing LLC Buys 680 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

GAMMA Investing LLC raised its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 99.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,361 shares of the oil and gas producer’s stock after purchasing an additional 680 shares during the period. GAMMA Investing LLC’s holdings in Viper Energy were worth $67,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in shares of Viper Energy by 78.2% during the 3rd quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer’s stock valued at $172,918,000 after buying an additional 1,682,183 shares in the last quarter. Yaupon Capital Management LP bought a new stake in Viper Energy during the third quarter worth approximately $18,044,000. Retirement Systems of Alabama purchased a new stake in Viper Energy during the third quarter valued at approximately $12,980,000. Zimmer Partners LP lifted its stake in shares of Viper Energy by 344.0% in the 3rd quarter. Zimmer Partners LP now owns 325,000 shares of the oil and gas producer’s stock valued at $14,661,000 after purchasing an additional 251,800 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Viper Energy by 16.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer’s stock worth $76,647,000 after purchasing an additional 234,048 shares during the period. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on VNOM shares. Bank of America started coverage on Viper Energy in a research report on Tuesday, November 26th. They issued a “buy” rating and a $64.00 price target for the company. Evercore ISI increased their target price on shares of Viper Energy from $45.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price target on shares of Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. StockNews.com lowered shares of Viper Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Finally, Roth Mkm boosted their target price on Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.36.

Viper Energy Stock Performance

Shares of Viper Energy stock opened at $49.65 on Monday. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The stock’s fifty day moving average price is $51.52 and its 200-day moving average price is $47.73. The firm has a market cap of $9.35 billion, a P/E ratio of 21.31 and a beta of 1.73. Viper Energy, Inc. has a 12 month low of $30.21 and a 12 month high of $56.76.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The business had revenue of $209.59 million for the quarter, compared to the consensus estimate of $210.54 million. During the same quarter last year, the firm posted $1.10 EPS. The company’s revenue for the quarter was down 28.5% on a year-over-year basis. On average, equities research analysts expect that Viper Energy, Inc. will post 2.01 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, November 21st. Stockholders of record on Thursday, November 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Thursday, November 14th. Viper Energy’s payout ratio is 51.50%.

Viper Energy 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.