Nations Financial Group Inc. IA ADV Boosts Stock Position in Viper Energy Inc. $VNOM

Nations Financial Group Inc. IA ADV grew its stake in Viper Energy Inc. (NASDAQ:VNOM) by 137.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 53,042 shares of the oil and gas producer’s stock after acquiring an additional 30,672 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Viper Energy were worth $2,049,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Viper Energy in the third quarter valued at approximately $31,000. Ameriflex Group Inc. purchased a new stake in shares of Viper Energy in the third quarter valued at approximately $38,000. CoreCap Advisors LLC grew its position in shares of Viper Energy by 503.3% in the third quarter. CoreCap Advisors LLC now owns 1,086 shares of the oil and gas producer’s stock valued at $42,000 after purchasing an additional 906 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Viper Energy by 68.3% in the third quarter. Parallel Advisors LLC now owns 1,400 shares of the oil and gas producer’s stock valued at $54,000 after purchasing an additional 568 shares in the last quarter. Finally, Bogart Wealth LLC purchased a new stake in shares of Viper Energy in the third quarter valued at approximately $57,000. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Trading Up 1.6%

Shares of NASDAQ VNOM opened at $47.25 on Friday. Viper Energy Inc. has a twelve month low of $35.10 and a twelve month high of $49.08. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $45.50 and a 200-day simple moving average of $40.71. The stock has a market capitalization of $16.89 billion, a PE ratio of -205.43, a PEG ratio of 1.03 and a beta of 0.50.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings data on Monday, February 23rd. The oil and gas producer reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Viper Energy had a positive return on equity of 2.62% and a negative net margin of 4.87%.The business had revenue of $435.00 million during the quarter, compared to analysts’ expectations of $415.51 million. During the same period in the previous year, the firm posted $2.04 earnings per share. The company’s revenue was up 87.6% on a year-over-year basis. On average, equities analysts forecast that Viper Energy Inc. will post 2.02 earnings per share for the current year.

Viper Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, March 5th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This is a boost from Viper Energy’s previous quarterly dividend of $0.33. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.2%. Viper Energy’s payout ratio is presently -660.87%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on VNOM. Truist Financial began coverage on Viper Energy in a research report on Tuesday, March 24th. They issued a “buy” rating and a $54.00 price target for the company. Wall Street Zen upgraded Viper Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Jefferies Financial Group upgraded Viper Energy from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Monday. KeyCorp increased their price objective on Viper Energy from $56.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Finally, Mizuho increased their price objective on Viper Energy from $52.00 to $53.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $54.47.

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.