GTS Securities LLC Purchases 8,973 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

GTS Securities LLC increased its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 91.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,771 shares of the oil and gas producer's stock after purchasing an additional 8,973 shares during the period. GTS Securities LLC's holdings in Viper Energy were worth $921,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in VNOM. Golden State Wealth Management LLC acquired a new position in Viper Energy in the 4th quarter valued at approximately $25,000. Quarry LP acquired a new position in Viper Energy in the 4th quarter valued at approximately $32,000. Assetmark Inc. raised its holdings in Viper Energy by 321.7% in the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock valued at $33,000 after acquiring an additional 518 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Viper Energy by 43.9% in 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 in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in Viper Energy in the 4th quarter valued at approximately $55,000. Institutional investors and hedge funds own 87.72% of the company's stock.

Analyst Ratings Changes

VNOM has been the subject of several recent research reports. Evercore ISI reaffirmed an "outperform" rating and issued a $49.00 price target on shares of Viper Energy in a report on Wednesday, May 7th. Raymond James reaffirmed an "outperform" rating and issued a $54.00 price target (up previously from $52.00) on shares of Viper Energy in a report on Wednesday. Truist Financial dropped their target price on Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on Viper Energy from $49.00 to $47.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Finally, Barclays dropped their target price on Viper Energy from $60.00 to $57.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Viper Energy currently has an average rating of "Moderate Buy" and an average price target of $55.15.

Viper Energy Price Performance

VNOM stock traded down $0.87 during midday trading on Friday, reaching $39.20. 162,433 shares of the company's stock traded hands, compared to its average volume of 1,310,739. The company has a 50-day simple moving average of $40.86 and a two-hundred day simple moving average of $46.19. Viper Energy, Inc. has a 1-year low of $34.71 and a 1-year high of $56.76. The company has a market cap of $8.35 billion, a price-to-earnings ratio of 16.81 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 for the quarter, beating 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 during the quarter, compared to analysts' expectations of $233.99 million. During the same period last year, the firm posted $0.49 EPS. On average, analysts anticipate that Viper Energy, Inc. will post 2.02 earnings per share for the current year.

Viper Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were given a $0.30 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.06%. Viper Energy's payout ratio is 31.58%.

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.