Viper Energy, Inc. (NASDAQ:VNOM) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 25.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,919 shares of the oil and gas producer's stock after selling 25,862 shares during the quarter. BNP Paribas Financial Markets' holdings in Viper Energy were worth $3,627,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. First Horizon Advisors Inc. increased its stake in shares of Viper Energy by 43.9% during the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock valued at $34,000 after acquiring an additional 214 shares during the last quarter. American Century Companies Inc. grew its position in Viper Energy by 1.1% in the fourth quarter. American Century Companies Inc. now owns 25,323 shares of the oil and gas producer's stock valued at $1,243,000 after acquiring an additional 268 shares in the last quarter. Savant Capital LLC grew its position in Viper Energy by 2.1% in the fourth quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer's stock valued at $706,000 after acquiring an additional 293 shares in the last quarter. Andina Capital Management LLC grew its stake in shares of Viper Energy by 2.5% during the fourth quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer's stock valued at $634,000 after acquiring an additional 312 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Viper Energy by 1.7% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,743 shares of the oil and gas producer's stock worth $1,116,000 after purchasing an additional 381 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Evercore ISI restated an "outperform" rating and set a $49.00 price target on shares of Viper Energy in a report on Wednesday, May 7th. JPMorgan Chase & Co. lowered their price objective on Viper Energy from $49.00 to $47.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Wells Fargo & Company reduced their price target on Viper Energy from $51.00 to $48.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. The Goldman Sachs Group set a $72.00 price target on shares of Viper Energy in a research note on Monday, March 3rd. Finally, Truist Financial decreased their price target on Viper Energy from $78.00 to $68.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $56.08.

Viper Energy Stock Performance

Shares of VNOM stock traded down $0.44 on Monday, reaching $40.92. The stock had a trading volume of 247,500 shares, compared to its average volume of 1,309,015. The firm's 50-day moving average is $41.50 and its two-hundred day moving average is $46.93. Viper Energy, Inc. has a 12 month low of $34.71 and a 12 month high of $56.76. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 17.56 and a beta of 1.05. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25.

Viper Energy (NASDAQ:VNOM - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.09. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The firm had revenue of $245.00 million during the quarter, compared to the consensus estimate of $233.99 million. During the same quarter last year, the firm earned $0.49 earnings per share. On average, research analysts expect that Viper Energy, Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Thursday, May 15th. Viper Energy's dividend payout ratio is 31.58%.

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.