Integrated Advisors Network LLC Decreases Position in Viper Energy, Inc. (NASDAQ:VNOM)

Integrated Advisors Network LLC lessened its position in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 70.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 31,440 shares of the oil and gas producer's stock after selling 73,318 shares during the period. Integrated Advisors Network LLC's holdings in Viper Energy were worth $1,543,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC boosted its position in Viper Energy by 103.3% during the third quarter. Barclays PLC now owns 43,962 shares of the oil and gas producer's stock worth $1,982,000 after purchasing an additional 22,334 shares during the period. Geneos Wealth Management Inc. bought a new stake in shares of Viper Energy during the 4th quarter worth $110,000. Drive Wealth Management LLC bought a new stake in Viper Energy during the fourth quarter worth about $388,000. Kingswood Wealth Advisors LLC bought a new stake in shares of Viper Energy in the 4th quarter worth approximately $255,000. Finally, Pacer Advisors Inc. lifted its stake in Viper Energy by 117.7% in the fourth quarter. Pacer Advisors Inc. now owns 193,063 shares of the oil and gas producer's stock worth $9,474,000 after purchasing an additional 104,370 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Trading Down 1.2%

Shares of VNOM stock traded down $0.50 during trading on Friday, hitting $39.57. 960,347 shares of the stock traded hands, compared to its average volume of 1,318,680. The firm has a market capitalization of $8.43 billion, a P/E ratio of 16.98 and a beta of 1.05. 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's fifty day moving average price is $40.75 and its 200-day moving average price is $46.05. 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 issued its quarterly earnings results on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.09. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The company had revenue of $245.00 million for the quarter, compared to analyst estimates of $233.99 million. During the same period in the prior year, the firm earned $0.49 earnings per share. As a group, research analysts forecast that Viper Energy, Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.03%. Viper Energy's payout ratio is currently 31.58%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Mizuho decreased their target price on Viper Energy from $56.00 to $54.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Bank of America reduced their price objective on Viper Energy from $53.00 to $50.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Barclays cut their price target on shares of Viper Energy from $60.00 to $57.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. The Goldman Sachs Group set a $72.00 price objective on Viper Energy in a research report on Monday, March 3rd. Finally, Wall Street Zen downgraded Viper Energy from a "hold" rating to a "sell" rating in a research note on Friday. 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 data from MarketBeat.com, Viper Energy presently has an average rating of "Moderate Buy" and a consensus price target of $55.15.

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.