Assenagon Asset Management S.A. Grows Position in Viper Energy, Inc. (NASDAQ:VNOM)

Assenagon Asset Management S.A. boosted its position in Viper Energy, Inc. (NASDAQ:VNOM) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,571 shares of the oil and gas producer’s stock after acquiring an additional 3,312 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Viper Energy were worth $2,531,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Fulcrum Equity Management increased its position in shares of Viper Energy by 4.1% in the 3rd quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer’s stock valued at $430,000 after purchasing an additional 375 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Viper Energy by 328.5% during the third quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 450 shares in the last quarter. Andina Capital Management LLC increased its holdings in Viper Energy by 3.8% in the third quarter. Andina Capital Management LLC now owns 12,612 shares of the oil and gas producer’s stock valued at $569,000 after buying an additional 459 shares during the last quarter. GAMMA Investing LLC increased its holdings in Viper Energy by 208.1% in the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 460 shares during the last quarter. Finally, Truist Financial Corp raised its stake in Viper Energy by 4.5% in the second quarter. Truist Financial Corp now owns 11,230 shares of the oil and gas producer’s stock valued at $421,000 after buying an additional 488 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Viper Energy Stock Down 1.0 %

Shares of Viper Energy stock opened at $49.70 on Thursday. Viper Energy, Inc. has a twelve month low of $30.33 and a twelve month high of $56.76. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 21.33 and a beta of 1.73. 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 company has a fifty day moving average price of $51.11 and a 200 day moving average price of $48.33.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The business had revenue of $209.59 million for the quarter, compared to analysts’ expectations of $210.54 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The company’s revenue was down 28.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 earnings per share. Equities research analysts forecast that Viper Energy, Inc. will post 2.01 earnings per share for the current fiscal year.

Viper Energy Dividend Announcement

The firm 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. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.41%. Viper Energy’s payout ratio is currently 51.50%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VNOM shares. Bank of America started coverage on Viper Energy in a research report on Tuesday, November 26th. They set a “buy” rating and a $64.00 price objective for the company. The Goldman Sachs Group started coverage on Viper Energy in a report on Monday, December 2nd. They issued a “buy” rating and a $70.00 price target for the company. Truist Financial increased their price target on shares of Viper Energy from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Barclays boosted their price objective on shares of Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Viper Energy presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

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.