Voya Investment Management LLC Purchases 5,041 Shares of Viper Energy Inc. $VNOM

Voya Investment Management LLC grew its position in shares of Viper Energy Inc. (NASDAQ:VNOM) by 22.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,234 shares of the oil and gas producer’s stock after buying an additional 5,041 shares during the quarter. Voya Investment Management LLC’s holdings in Viper Energy were worth $1,230,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in shares of Viper Energy by 129.0% during the first quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 414 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Viper Energy during the first quarter worth approximately $34,000. AlphaQuest LLC acquired a new position in shares of Viper Energy during the first quarter worth approximately $41,000. Golden State Wealth Management LLC lifted its position in shares of Viper Energy by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 1,000 shares of the oil and gas producer’s stock worth $45,000 after purchasing an additional 500 shares in the last quarter. Finally, Park Square Financial Group LLC acquired a new position in shares of Viper Energy during the fourth quarter worth approximately $86,000. 87.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VNOM has been the topic of a number of research reports. William Blair initiated coverage on shares of Viper Energy in a research report on Monday, August 25th. They set an “outperform” rating on the stock. Evercore ISI upped their target price on shares of Viper Energy from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. TD Securities upped their target price on shares of Viper Energy from $57.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Mizuho cut their price objective on shares of Viper Energy from $55.00 to $51.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Finally, KeyCorp cut their price objective on shares of Viper Energy from $56.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, September 3rd. Sixteen research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Viper Energy presently has a consensus rating of “Buy” and a consensus target price of $55.53.

Viper Energy Stock Up 3.1%

Shares of VNOM stock opened at $38.49 on Wednesday. The firm has a fifty day moving average of $38.11 and a 200-day moving average of $39.78. The company has a quick ratio of 6.15, a current ratio of 6.15 and a debt-to-equity ratio of 0.13. Viper Energy Inc. has a 12-month low of $34.71 and a 12-month high of $56.76. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 11.12, a P/E/G ratio of 16.71 and a beta of 1.04.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings data on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. Viper Energy had a net margin of 37.84% and a return on equity of 3.92%. The company had revenue of $297.00 million during the quarter, compared to the consensus estimate of $285.35 million. During the same quarter in the prior year, the firm earned $0.62 earnings per share. The firm’s revenue was up 37.1% compared to the same quarter last year. As a group, equities research analysts predict that Viper Energy Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.12 annualized dividend and a dividend yield of 5.5%. Viper Energy’s dividend payout ratio is currently 38.15%.

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.