Centiva Capital LP Sells 49,294 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Centiva Capital LP reduced its position in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 85.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,206 shares of the oil and gas producer's stock after selling 49,294 shares during the period. Centiva Capital LP's holdings in Viper Energy were worth $403,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of VNOM. Raymond James Financial Inc. acquired a new position in shares of Viper Energy during the fourth quarter worth about $95,505,000. Freestone Grove Partners LP acquired a new position in Viper Energy during the fourth quarter valued at approximately $19,469,000. T. Rowe Price Investment Management Inc. boosted its position in Viper Energy by 20.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,309,425 shares of the oil and gas producer's stock valued at $113,324,000 after purchasing an additional 389,473 shares during the last quarter. Invesco Ltd. boosted its position in Viper Energy by 164.3% during the fourth quarter. Invesco Ltd. now owns 576,637 shares of the oil and gas producer's stock valued at $28,296,000 after purchasing an additional 358,487 shares during the last quarter. Finally, FIL Ltd boosted its position in Viper Energy by 8.5% during the fourth quarter. FIL Ltd now owns 3,964,130 shares of the oil and gas producer's stock valued at $194,520,000 after purchasing an additional 310,890 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Price Performance

Viper Energy stock traded up $0.24 during mid-day trading on Friday, reaching $41.36. 170,615 shares of the company were exchanged, compared to its average volume of 1,304,894. The company has a fifty day simple moving average of $41.50 and a 200-day simple moving average of $47.06. Viper Energy, Inc. has a 12 month low of $34.71 and a 12 month high of $56.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. The firm has a market cap of $8.81 billion, a PE ratio of 17.75 and a beta of 1.05.

Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The oil and gas producer reported $0.54 EPS 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 firm had revenue of $245.00 million for the quarter, compared to analyst estimates of $233.99 million. During the same quarter last year, the company earned $0.49 EPS. As a group, equities research analysts expect that Viper Energy, Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.90%. Viper Energy's dividend payout ratio (DPR) is presently 31.58%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. The Goldman Sachs Group set a $72.00 price target on Viper Energy in a research report on Monday, March 3rd. Evercore ISI reissued an "outperform" rating and set a $49.00 price target on shares of Viper Energy in a research report on Wednesday, May 7th. Piper Sandler cut their price objective on Viper Energy from $62.00 to $61.00 and set an "overweight" rating for the company in a research report on Tuesday. Truist Financial cut their price objective on Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Finally, KeyCorp cut their price objective on Viper Energy from $62.00 to $56.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $56.08.

Viper Energy 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.