Fairvoy Private Wealth LLC Makes New Investment in Viper Energy, Inc. (NASDAQ:VNOM)

Fairvoy Private Wealth LLC acquired a new stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,360 shares of the oil and gas producer’s stock, valued at approximately $754,000.

A number of other institutional investors also recently modified their holdings of the company. Caitlin John LLC raised its holdings in Viper Energy by 3.3% during the fourth quarter. Caitlin John LLC now owns 36,534 shares of the oil and gas producer’s stock worth $1,793,000 after buying an additional 1,162 shares during the last quarter. Spirit of America Management Corp NY boosted its holdings in Viper Energy by 7.6% during the fourth quarter. Spirit of America Management Corp NY now owns 30,600 shares of the oil and gas producer’s stock worth $1,502,000 after purchasing an additional 2,150 shares during the last quarter. Stratos Wealth Advisors LLC purchased a new stake in Viper Energy in the 4th quarter valued at about $450,000. Stratos Wealth Partners LTD. grew its stake in shares of Viper Energy by 0.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 123,086 shares of the oil and gas producer’s stock worth $6,040,000 after acquiring an additional 529 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in Viper Energy by 117.7% during the fourth quarter. Pacer Advisors Inc. now owns 193,063 shares of the oil and gas producer’s stock valued at $9,474,000 after purchasing an additional 104,370 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Truist Financial cut their price objective on shares of Viper Energy from $78.00 to $68.00 and set a “buy” rating for the company in a report on Monday. Bank of America initiated coverage on Viper Energy in a report on Tuesday, November 26th. They issued a “buy” rating and a $64.00 price target for the company. Roth Mkm boosted their price objective on Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Barclays raised their target price on Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Raymond James restated an “outperform” rating and issued a $58.00 price objective (down from $64.00) on shares of Viper Energy in a research report on Tuesday. One research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Viper Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.55.

Viper Energy Stock Down 0.6 %

VNOM opened at $49.71 on Friday. The business’s 50-day moving average price is $49.85 and its 200-day moving average price is $48.83. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a 12 month low of $31.39 and a 12 month high of $56.76. The company has a market cap of $9.37 billion, a P/E ratio of 21.33 and a beta of 1.71.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The company had revenue of $209.59 million for the quarter, compared to analysts’ expectations of $210.54 million. During the same period last year, the firm earned $1.10 earnings per share. Viper Energy’s quarterly revenue was down 28.5% on a year-over-year basis. On average, equities analysts expect that Viper Energy, Inc. will post 2.02 EPS for the current year.

Viper Energy Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, March 6th will be issued a dividend of $0.65 per share. The ex-dividend date is Thursday, March 6th. This is an increase from Viper Energy’s previous dividend of $0.22. Viper Energy’s dividend payout ratio is currently 51.50%.

About Viper Energy

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.