7,913 Shares in Viper Energy, Inc. (NASDAQ:VNOM) Bought by Drive Wealth Management LLC

Drive Wealth Management LLC bought a new position in Viper Energy, Inc. (NASDAQ:VNOM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,913 shares of the oil and gas producer’s stock, valued at approximately $388,000.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in Viper Energy by 328.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 450 shares during the period. GAMMA Investing LLC raised its holdings in Viper Energy by 208.1% in the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 460 shares during the period. National Bank of Canada FI raised its holdings in Viper Energy by 524.8% in the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock worth $63,000 after acquiring an additional 1,165 shares during the period. Versant Capital Management Inc bought a new position in Viper Energy in the 4th quarter worth $94,000. Finally, Geneos Wealth Management Inc. bought a new position in Viper Energy in the 4th quarter worth $110,000. Institutional investors own 87.72% of the company’s stock.

Wall Street Analysts Forecast Growth

VNOM has been the topic of several research reports. Raymond James boosted their price objective on shares of Viper Energy from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Roth Mkm boosted their price objective on shares of Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Piper Sandler dropped their price objective on shares of Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. JPMorgan Chase & Co. boosted their price objective on shares of Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, The Goldman Sachs Group initiated coverage on shares of Viper Energy in a report on Monday, December 2nd. They set a “buy” rating and a $70.00 price objective on the stock. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Viper Energy currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Viper Energy Price Performance

NASDAQ:VNOM opened at $46.59 on Tuesday. The firm has a market cap of $8.78 billion, a PE ratio of 20.00 and a beta of 1.73. Viper Energy, Inc. has a 12 month low of $30.56 and a 12 month high of $56.76. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $50.93 and its two-hundred day moving average price is $48.53.

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, beating analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $209.59 million for the quarter, compared to analyst estimates of $210.54 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The company’s revenue for the quarter was down 28.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 earnings per share. On average, equities analysts anticipate that Viper Energy, Inc. will post 2.01 EPS for the current fiscal year.

Viper Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders 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 yield of 2.58%. Viper Energy’s dividend payout ratio (DPR) is presently 51.50%.

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.