Versant Capital Management Inc Purchases New Stake in Viper Energy, Inc. (NASDAQ:VNOM)

Versant Capital Management Inc bought a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,920 shares of the oil and gas producer’s stock, valued at approximately $94,000.

Several other hedge funds have also recently bought and sold shares of VNOM. Principal Financial Group Inc. purchased a new position in shares of Viper Energy in the second quarter valued at $268,000. Commonwealth Equity Services LLC raised its position in Viper Energy by 33.3% during the second quarter. Commonwealth Equity Services LLC now owns 18,606 shares of the oil and gas producer’s stock worth $698,000 after acquiring an additional 4,653 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of Viper Energy in the second quarter valued at about $3,076,000. TD Asset Management Inc lifted its holdings in shares of Viper Energy by 2.6% in the second quarter. TD Asset Management Inc now owns 841,414 shares of the oil and gas producer’s stock valued at $31,578,000 after purchasing an additional 21,420 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of Viper Energy in the second quarter valued at approximately $1,081,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

Viper Energy Stock Up 2.4 %

Shares of NASDAQ:VNOM opened at $51.07 on Friday. Viper Energy, Inc. has a 1 year low of $30.21 and a 1 year high of $56.76. The stock has a 50-day simple moving average of $51.67 and a 200-day simple moving average of $47.11. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The stock has a market capitalization of $9.62 billion, a P/E ratio of 21.92 and a beta of 1.73.

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

Viper Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Thursday, November 14th. Viper Energy’s dividend payout ratio is presently 51.50%.

Analyst Ratings Changes

Several equities analysts have weighed in on VNOM shares. TD Securities raised their price target on Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. KeyCorp upgraded shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price target for the company in a report on Friday, December 13th. JPMorgan Chase & Co. upped their price objective on shares of Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. StockNews.com downgraded Viper Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group initiated coverage on Viper Energy in a report on Monday, December 2nd. They set a “buy” rating and a $70.00 price objective on the stock. One analyst has rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Viper Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.18.

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.