U.S. Capital Wealth Advisors LLC Makes New Investment in Viper Energy Inc. $VNOM

by · The Cerbat Gem

U.S. Capital Wealth Advisors LLC purchased a new position in Viper Energy Inc. (NASDAQ:VNOM – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 39,935 shares of the oil and gas producer’s stock, valued at approximately $1,543,000.

Several other hedge funds also recently made changes to their positions in VNOM. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Viper Energy during the 3rd quarter valued at $31,000. Ameriflex Group Inc. bought a new position in Viper Energy in the 3rd quarter worth about $38,000. CoreCap Advisors LLC boosted its stake in Viper Energy by 503.3% in the 3rd quarter. CoreCap Advisors LLC now owns 1,086 shares of the oil and gas producer’s stock worth $42,000 after purchasing an additional 906 shares during the period. Parallel Advisors LLC grew its holdings in Viper Energy by 68.3% during the 3rd 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 in the last quarter. Finally, Bogart Wealth LLC purchased a new position in Viper Energy during the 3rd quarter valued at about $57,000. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Truist Financial started coverage on shares of Viper Energy in a report on Tuesday, March 24th. They issued a “buy” rating and a $54.00 price target on the stock. Morgan Stanley boosted their price objective on shares of Viper Energy from $44.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, March 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viper Energy in a report on Wednesday, January 21st. Mizuho increased their target price on shares of Viper Energy from $52.00 to $53.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Finally, Wells Fargo & Company raised their price target on shares of Viper Energy from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $54.47.

Read Our Latest Report on VNOM

Viper Energy Stock Performance

NASDAQ:VNOM opened at $45.06 on Wednesday. The business’s 50-day moving average price is $45.32 and its two-hundred day moving average price is $40.63. Viper Energy Inc. has a twelve month low of $35.10 and a twelve month high of $49.08. The stock has a market cap of $16.11 billion, a P/E ratio of -195.90, a PEG ratio of 1.01 and a beta of 0.50. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 0.21.

Viper Energy (NASDAQ:VNOM – Get Free Report) last issued its quarterly earnings results on Monday, February 23rd. The oil and gas producer reported $0.31 earnings per share (EPS) 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 firm had revenue of $435.00 million during the quarter, compared to the consensus estimate of $415.51 million. During the same quarter last year, the company posted $2.04 EPS. The company’s revenue for the quarter was up 87.6% on a year-over-year basis. As a group, equities analysts predict that Viper Energy Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, March 5th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, March 5th. This is a boost from Viper Energy’s previous quarterly dividend of $0.33. This represents a $1.52 annualized dividend and a yield of 3.4%. Viper Energy’s dividend payout ratio (DPR) is presently -660.87%.

About Viper Energy

(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.

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