Caitlin John LLC Has $632,000 Stake in Viper Energy Inc. $VNOM

Key Points

• Caitlin John LLC sold 22,529 shares of Viper Energy Inc., reducing its stake by 61.7%, leaving it with 14,005 shares valued at approximately $632,000.
• Several hedge funds have altered their positions in Viper Energy, with UMB Bank n.a. increasing its stake by 129.0%, while others initiated new positions this quarter.
• Analysts have mixed views on Viper Energy's stock, with Barclays raising its price target to $60.00 and Wall Street Zen downgrading it to a "sell," resulting in a consensus price target of $56.36.

Caitlin John LLC lessened its position in Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 61.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,005 shares of the oil and gas producer's stock after selling 22,529 shares during the period. Caitlin John LLC's holdings in Viper Energy were worth $632,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VNOM. Quarry LP bought a new stake in shares of Viper Energy in the 4th quarter valued at $32,000. UMB Bank n.a. lifted its holdings in Viper Energy by 129.0% during the first quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer's stock worth $33,000 after acquiring an additional 414 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in Viper Energy in the first quarter valued at about $34,000. AlphaQuest LLC bought a new stake in shares of Viper Energy in the first quarter worth about $41,000. Finally, Golden State Wealth Management LLC raised its position in shares of Viper Energy by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 1,000 shares of the oil and gas producer's stock worth $45,000 after purchasing an additional 500 shares during the period. 87.72% of the stock is owned by institutional investors.

Viper Energy Stock Performance

Shares of Viper Energy stock traded down $0.48 during trading on Tuesday, hitting $38.97. 2,286,833 shares of the stock were exchanged, compared to its average volume of 1,726,723. Viper Energy Inc. has a 1-year low of $34.71 and a 1-year high of $56.76. The stock has a market capitalization of $11.24 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 17.37 and a beta of 0.99. The company has a fifty day moving average price of $38.07 and a 200-day moving average price of $40.99. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.13.

Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The firm had revenue of $297.00 million for the quarter, compared to the consensus estimate of $285.35 million. Viper Energy had a return on equity of 3.92% and a net margin of 37.84%.The business's revenue was up 37.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 earnings per share. As a group, equities analysts predict that Viper Energy Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Thursday, August 14th. Viper Energy's payout ratio is 38.15%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VNOM. William Blair started coverage on Viper Energy in a research report on Monday. They issued an "outperform" rating for the company. Morgan Stanley initiated coverage on shares of Viper Energy in a research report on Monday, August 18th. They set an "overweight" rating and a $46.00 price objective for the company. Piper Sandler boosted their price objective on shares of Viper Energy from $66.00 to $68.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Wall Street Zen lowered shares of Viper Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Finally, Barclays lifted their price target on Viper Energy from $57.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Fifteen investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $56.36.

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.