PEAK6 LLC Has $238,000 Stock Position in Viper Energy Inc. $VNOM

Key Points

• PEAK6 LLC has reduced its stake in Viper Energy Inc. by 72.7%, now holding 5,277 shares worth approximately $238,000 following the sale of 14,023 shares.
• Viper Energy recently reported $0.41 earnings per share, exceeding estimates, while its quarterly revenue of $297 million was well above expectations, showcasing a 37.1% year-over-year increase.
• Viper Energy has an average target price of $55.93 from analysts, with 16 out of 20 rating the stock as a Buy.

PEAK6 LLC trimmed its holdings in Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 72.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,277 shares of the oil and gas producer's stock after selling 14,023 shares during the quarter. PEAK6 LLC's holdings in Viper Energy were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Quarry LP bought a new position in shares of Viper Energy in the fourth quarter valued at $32,000. 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 acquiring an additional 414 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Viper Energy during the first quarter worth $34,000. AlphaQuest LLC acquired a new stake in shares of Viper Energy during the first quarter worth $41,000. Finally, Golden State Wealth Management LLC lifted its holdings 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 valued at $45,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 87.72% of the company's stock.

Viper Energy Stock Down 3.7%

VNOM stock traded down $1.45 during trading hours on Wednesday, hitting $38.10. The company's stock had a trading volume of 1,871,039 shares, compared to its average volume of 2,602,172. The stock has a 50 day moving average price of $38.06 and a two-hundred day moving average price of $40.61. Viper Energy Inc. has a 12 month low of $34.71 and a 12 month high of $56.76. The company has a market capitalization of $10.99 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 17.81 and a beta of 1.04. The company has a quick ratio of 6.15, a current ratio of 6.15 and a debt-to-equity ratio of 0.13.

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

Viper Energy Cuts Dividend

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

Wall Street Analysts Forecast Growth

VNOM has been the subject of several research analyst reports. Evercore ISI upped their price target on shares of Viper Energy from $49.00 to $51.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. William Blair assumed coverage on Viper Energy in a report on Monday, August 25th. They issued an "outperform" rating for the company. Roth Capital set a $50.00 price target on Viper Energy and gave the company a "buy" rating in a report on Tuesday, August 26th. Mizuho increased their price objective on Viper Energy from $54.00 to $55.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, JPMorgan Chase & Co. dropped their target price on Viper Energy from $49.00 to $47.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Sixteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $55.80.

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.