Bokf Na Sells 25,100 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

BOKF NA lessened its holdings in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 45.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,000 shares of the oil and gas producer's stock after selling 25,100 shares during the period. BOKF NA's holdings in Viper Energy were worth $1,490,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in VNOM. Golden State Wealth Management LLC bought a new position in shares of Viper Energy in the fourth quarter valued at about $25,000. Quarry LP acquired a new stake in shares of Viper Energy during the 4th quarter worth about $32,000. Assetmark Inc. lifted its stake in shares of Viper Energy by 321.7% during the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock worth $33,000 after buying an additional 518 shares during the last quarter. First Horizon Advisors Inc. lifted 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 worth $34,000 after buying an additional 214 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Viper Energy during the fourth quarter worth approximately $55,000. Institutional investors and hedge funds own 87.72% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on VNOM shares. Truist Financial reduced their price objective on Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a report on Monday, February 3rd. KeyCorp dropped their price target on shares of Viper Energy from $62.00 to $56.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. StockNews.com downgraded shares of Viper Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, May 7th. Raymond James set a $52.00 target price on Viper Energy in a research report on Monday, April 21st. Finally, The Goldman Sachs Group set a $72.00 target price on Viper Energy in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.08.

Viper Energy Price Performance

Shares of VNOM stock traded down $0.69 on Wednesday, reaching $42.49. The company had a trading volume of 352,653 shares, compared to its average volume of 1,610,632. The stock has a market capitalization of $9.05 billion, a PE ratio of 18.24 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, Inc. has a one year low of $34.71 and a one year high of $56.76. The business's 50-day moving average is $41.46 and its 200 day moving average is $47.16.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.09. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The business had revenue of $245.00 million for the quarter, compared to analyst estimates of $233.99 million. During the same quarter in the previous year, the company posted $0.49 EPS. Equities research analysts forecast that Viper Energy, Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Thursday, May 15th. Viper Energy's payout ratio is currently 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.