Cetera Investment Advisers Decreases Stock Holdings in Viper Energy Inc. (NASDAQ:VNOM)

Key Points

• Cetera Investment Advisers reduced its holdings in Viper Energy Inc. by 51.9%, owning 15,659 shares valued at $707,000 at the end of the first quarter.
• Viper Energy recently reported a quarterly earnings per share (EPS) of $0.41, surpassing analyst expectations of $0.34, with revenue increasing by 37.1% year-over-year.
• The company announced a dividend of $0.53 per share, which equates to an annualized dividend of $2.12 and a yield of 5.5%.

Cetera Investment Advisers decreased its position in shares of Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 51.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,659 shares of the oil and gas producer's stock after selling 16,918 shares during the quarter. Cetera Investment Advisers' holdings in Viper Energy were worth $707,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Segment Wealth Management LLC increased its holdings in Viper Energy by 3.9% during the 1st quarter. Segment Wealth Management LLC now owns 9,520 shares of the oil and gas producer's stock worth $430,000 after purchasing an additional 360 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Viper Energy by 5.1% during the 1st quarter. Private Advisor Group LLC now owns 8,260 shares of the oil and gas producer's stock worth $373,000 after buying an additional 398 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of Viper Energy by 1.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 20,861 shares of the oil and gas producer's stock worth $942,000 after buying an additional 399 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Viper Energy by 129.0% during the 1st quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer's stock worth $33,000 after buying an additional 414 shares during the last quarter. Finally, Naples Global Advisors LLC boosted its stake in shares of Viper Energy by 6.5% during the 1st quarter. Naples Global Advisors LLC now owns 7,655 shares of the oil and gas producer's stock worth $346,000 after buying an additional 465 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

Viper Energy Price Performance

NASDAQ VNOM traded down $0.64 on Friday, hitting $37.79. The stock had a trading volume of 2,293,711 shares, compared to its average volume of 1,949,431. The firm has a 50-day moving average of $38.57 and a 200-day moving average of $41.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 6.15 and a current ratio of 6.15. The company has a market capitalization of $10.90 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 17.14 and a beta of 0.99. Viper Energy Inc. has a 52-week low of $34.71 and a 52-week high of $56.76.

Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. The firm had revenue of $297.00 million for the quarter, compared to analysts' expectations of $285.35 million. Viper Energy had a net margin of 37.84% and a return on equity of 3.92%. The business's quarterly revenue was up 37.1% on a year-over-year basis. During the same quarter last year, the company posted $0.62 EPS. Equities analysts expect that Viper Energy Inc. will post 2.02 EPS for the current year.

Viper Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.12 annualized dividend and a yield of 5.6%. Viper Energy's payout ratio is currently 38.15%.

Analyst Ratings Changes

VNOM has been the subject of several recent analyst reports. Mizuho raised their target price on shares of Viper Energy from $54.00 to $55.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Wells Fargo & Company cut their price objective on shares of Viper Energy from $51.00 to $48.00 and set an "overweight" rating for the company in a research report on Thursday. Barclays lifted their price target on shares of Viper Energy from $57.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. KeyCorp decreased their price objective on shares of Viper Energy from $62.00 to $56.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, TD Securities boosted their target price on shares of Viper Energy from $57.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $57.15.

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.