SG Americas Securities LLC Has $1.85 Million Stock Holdings in Viper Energy Inc. (NASDAQ:VNOM)

SG Americas Securities LLC lowered its position in shares of Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 25.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,933 shares of the oil and gas producer's stock after selling 14,007 shares during the quarter. SG Americas Securities LLC's holdings in Viper Energy were worth $1,848,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of Viper Energy by 48.2% during the first quarter. GAMMA Investing LLC now owns 2,017 shares of the oil and gas producer's stock worth $91,000 after purchasing an additional 656 shares in the last quarter. Requisite Capital Management LLC lifted its holdings in Viper Energy by 12.4% during the first quarter. Requisite Capital Management LLC now owns 47,355 shares of the oil and gas producer's stock worth $2,138,000 after acquiring an additional 5,214 shares in the last quarter. Yousif Capital Management LLC grew its stake in Viper Energy by 24.5% in the first quarter. Yousif Capital Management LLC now owns 44,788 shares of the oil and gas producer's stock valued at $2,022,000 after acquiring an additional 8,811 shares during the period. UMB Bank n.a. grew its stake in Viper Energy by 129.0% in the first quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer's stock valued at $33,000 after acquiring an additional 414 shares during the period. Finally, Independence Bank of Kentucky bought a new stake in shares of Viper Energy in the first quarter worth about $437,000. Institutional investors own 87.72% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VNOM. JPMorgan Chase & Co. cut their price objective on Viper Energy from $49.00 to $47.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Evercore ISI raised their target price on shares of Viper Energy from $49.00 to $51.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. The Goldman Sachs Group set a $72.00 price target on shares of Viper Energy in a report on Monday, March 3rd. TD Securities increased their target price on Viper Energy from $57.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Mizuho boosted their price target on Viper Energy from $54.00 to $55.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $57.00.

Viper Energy Stock Performance

NASDAQ VNOM traded down $0.89 on Thursday, hitting $40.84. 1,236,422 shares of the stock were exchanged, compared to its average volume of 1,376,816. The business's fifty day moving average is $40.66 and its 200 day moving average is $44.99. Viper Energy Inc. has a 52 week low of $34.71 and a 52 week high of $56.76. The company has a market capitalization of $11.78 billion, a PE ratio of 10.75, a P/E/G ratio of 19.95 and a beta of 1.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 8.70 and a quick ratio of 8.70.

Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.09. Viper Energy had a return on equity of 5.41% and a net margin of 43.43%. The firm had revenue of $245.00 million for the quarter, compared to the consensus estimate of $233.99 million. During the same quarter in the previous year, the business earned $0.49 earnings per share. Research analysts anticipate that Viper Energy Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Thursday, May 15th. Viper Energy's dividend payout ratio (DPR) is presently 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.