304,836 Shares in Viper Energy Inc. $VNOM Purchased by Nemes Rush Group LLC

Nemes Rush Group LLC acquired a new position in Viper Energy Inc. (NASDAQ:VNOM) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 304,836 shares of the oil and gas producer’s stock, valued at approximately $11,776,000. Viper Energy makes up about 1.1% of Nemes Rush Group LLC’s holdings, making the stock its 29th largest holding. Nemes Rush Group LLC owned about 0.08% of Viper Energy as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VNOM. Ameriflex Group Inc. purchased a new position in Viper Energy in the 3rd quarter valued at about $38,000. Parallel Advisors LLC raised its position in shares of 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. Fifth Third Bancorp raised its position in shares of Viper Energy by 151.8% in the third quarter. Fifth Third Bancorp now owns 1,536 shares of the oil and gas producer’s stock valued at $59,000 after buying an additional 926 shares during the last quarter. Colonial Trust Advisors acquired a new position in shares of Viper Energy in the third quarter valued at approximately $69,000. Finally, Nisa Investment Advisors LLC grew its stake in Viper Energy by 256.7% in the 4th 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 during the period. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VNOM has been the subject of several recent analyst reports. Mizuho lifted their target price 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. Piper Sandler lifted their target price on shares of Viper Energy from $64.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Roth Mkm reaffirmed a “buy” rating and issued a $54.00 target price on shares of Viper Energy in a research note on Tuesday, May 5th. Wall Street Zen raised shares of Viper Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Finally, Morgan Stanley lifted their target price on shares of Viper Energy from $44.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday, March 27th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $58.38.

Viper Energy Trading Down 2.0%

NASDAQ VNOM opened at $45.46 on Friday. Viper Energy Inc. has a one year low of $35.10 and a one year high of $51.13. The company’s 50 day moving average price is $46.93 and its 200 day moving average price is $43.05. The company has a debt-to-equity ratio of 0.15, a quick ratio of 6.17 and a current ratio of 6.17. The firm has a market capitalization of $16.32 billion, a price-to-earnings ratio of -142.06 and a beta of 0.38.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings data on Monday, May 4th. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.12. The company had revenue of $511.00 million for the quarter, compared to analyst estimates of $499.82 million. Viper Energy had a negative net margin of 2.77% and a positive return on equity of 2.64%. The business’s quarterly revenue was up 108.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. On average, sell-side analysts predict that Viper Energy Inc. will post 2.5 EPS for the current year.

Viper Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.3%. Viper Energy’s dividend payout ratio (DPR) is presently -475.00%.

Viper Energy Profile

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.