Pacer Advisors Inc. Grows Stake in Viper Energy Inc. $VNOM

by · The Markets Daily

Pacer Advisors Inc. increased its position in Viper Energy Inc. (NASDAQ:VNOM – Free Report) by 1,672.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 394,067 shares of the oil and gas producer’s stock after acquiring an additional 371,832 shares during the quarter. Pacer Advisors Inc.’s holdings in Viper Energy were worth $15,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Viper Energy by 38.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,881 shares of the oil and gas producer’s stock worth $2,162,000 after purchasing an additional 13,218 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Viper Energy by 264.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 240,799 shares of the oil and gas producer’s stock valued at $10,872,000 after purchasing an additional 174,684 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Viper Energy by 22.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,499 shares of the oil and gas producer’s stock worth $9,233,000 after purchasing an additional 37,847 shares during the period. Prudential Financial Inc. lifted its stake in shares of Viper Energy by 30.7% in the 2nd quarter. Prudential Financial Inc. now owns 12,785 shares of the oil and gas producer’s stock worth $487,000 after purchasing an additional 3,005 shares during the period. Finally, Guggenheim Capital LLC boosted its holdings in shares of Viper Energy by 6.5% in the second quarter. Guggenheim Capital LLC now owns 23,028 shares of the oil and gas producer’s stock worth $878,000 after buying an additional 1,405 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Roth Mkm restated a “buy” rating and set a $54.00 target price on shares of Viper Energy in a research report on Tuesday, May 5th. Mizuho increased their price target on shares of Viper Energy from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Barclays lifted their price target on shares of Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Wall Street Zen upgraded Viper Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viper Energy in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Viper Energy currently has an average rating of “Moderate Buy” and a consensus price target of $58.38.

Get Our Latest Stock Analysis on VNOM

Viper Energy Stock Performance

Shares of NASDAQ:VNOM opened at $43.21 on Friday. The stock has a 50 day moving average of $46.41 and a 200 day moving average of $43.60. The company has a market cap of $15.51 billion, a PE ratio of -135.03 and a beta of 0.38. 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 Inc. has a 12-month low of $35.10 and a 12-month high of $51.13.

Viper Energy (NASDAQ:VNOM – Get Free Report) last released its earnings results on Monday, May 4th. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.12. Viper Energy had a negative net margin of 2.77% and a positive return on equity of 2.64%. The company had revenue of $511.00 million during the quarter, compared to analyst estimates of $499.81 million. During the same period in the prior year, the firm posted $0.54 EPS. The firm’s quarterly revenue was up 108.6% compared to the same quarter last year. As a group, equities research analysts expect that Viper Energy Inc. will post 2.57 EPS for the current year.

Viper Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Thursday, May 14th. Viper Energy’s dividend payout ratio is presently -475.00%.

Viper Energy Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding VNOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viper Energy Inc. (NASDAQ:VNOM – Free Report).