Viper Energy Inc. $VNOM Shares Acquired by Lido Advisors LLC

Lido Advisors LLC grew its holdings in shares of Viper Energy Inc. (NASDAQ:VNOM) by 40.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,877 shares of the oil and gas producer’s stock after purchasing an additional 14,898 shares during the period. Lido Advisors LLC’s holdings in Viper Energy were worth $2,438,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Los Angeles Capital Management LLC purchased a new position in Viper Energy during the 4th quarter worth $27,000. Parallel Advisors LLC raised its stake in 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 buying an additional 568 shares during the last quarter. UMB Bank n.a. acquired a new stake in Viper Energy in the fourth quarter worth about $64,000. Nisa Investment Advisors LLC boosted its holdings in Viper Energy by 256.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,794 shares of the oil and gas producer’s stock worth $69,000 after acquiring an additional 1,291 shares in the last quarter. Finally, Clearstead Advisors LLC grew its stake in shares of Viper Energy by 50.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,940 shares of the oil and gas producer’s stock worth $75,000 after acquiring an additional 654 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VNOM. Roth Capital set a $52.00 price objective on shares of Viper Energy in a research report on Wednesday, July 15th. Zacks Research downgraded shares of Viper Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Raymond James Financial upped their price target on shares of Viper Energy from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, May 26th. Royal Bank Of Canada assumed coverage on shares of Viper Energy in a report on Friday, May 29th. They issued an “outperform” rating and a $58.00 price target for the company. Finally, Mizuho lifted their price objective on shares of Viper Energy from $54.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Fifteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $57.57.

Viper Energy Stock Up 0.0%

Shares of VNOM stock opened at $45.14 on Monday. Viper Energy Inc. has a twelve month low of $35.10 and a twelve month high of $51.13. The stock has a market cap of $16.21 billion, a P/E ratio of -141.06 and a beta of 0.40. The stock has a 50 day moving average of $44.29 and a 200 day moving average of $44.33. The company has a current ratio of 6.17, a quick ratio of 6.17 and a debt-to-equity ratio of 0.15.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings data on Monday, May 4th. The oil and gas producer reported $0.55 EPS for the quarter, topping the consensus estimate of $0.43 by $0.12. Viper Energy had a positive return on equity of 2.64% and a negative net margin of 2.77%.The business had revenue of $511.00 million for the quarter, compared to analyst estimates of $499.81 million. During the same quarter in the prior year, the firm posted $0.54 EPS. The business’s quarterly revenue was up 108.6% compared to the same quarter last year. As a group, sell-side analysts expect that Viper Energy Inc. will post 2.42 EPS for the current year.

Viper Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.4%. The ex-dividend date was Thursday, May 14th. Viper Energy’s dividend payout ratio (DPR) is currently -475.00%.

About Viper Energy

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.