Two Sigma Advisers LP reduced its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 73.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,000 shares of the oil and gas producer's stock after selling 32,600 shares during the quarter. Two Sigma Advisers LP's holdings in Viper Energy were worth $589,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in Viper Energy in the fourth quarter valued at about $25,000. Quarry LP purchased a new stake in Viper Energy in the fourth quarter valued at about $32,000. Assetmark Inc. raised its stake in Viper Energy by 321.7% in the fourth quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock valued at $33,000 after buying an additional 518 shares during the last quarter. First Horizon Advisors Inc. raised its stake in Viper Energy by 43.9% in the fourth quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock valued at $34,000 after buying an additional 214 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Viper Energy in the fourth quarter valued at about $55,000. 87.72% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. KeyCorp decreased their price target on Viper Energy from $62.00 to $56.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Wells Fargo & Company decreased their price target on Viper Energy from $51.00 to $48.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. 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. The Goldman Sachs Group set a $72.00 price objective on Viper Energy in a report on Monday, March 3rd. Finally, TD Securities increased their price objective on Viper Energy from $57.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $56.85.
Read Our Latest Research Report on Viper Energy
Viper Energy Stock Performance
Viper Energy stock traded up $1.14 during midday trading on Friday, hitting $41.33. 1,443,215 shares of the company were exchanged, compared to its average volume of 1,351,283. The firm has a market capitalization of $11.93 billion, a PE ratio of 17.74 and a beta of 1.00. Viper Energy, Inc. has a fifty-two week low of $34.71 and a fifty-two week high of $56.76. The business has a fifty day simple moving average of $40.32 and a two-hundred day simple moving average of $45.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24.
Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its earnings results on Monday, May 5th. The oil and gas producer reported $0.54 EPS for the quarter, topping the consensus estimate of $0.45 by $0.09. The firm had revenue of $245.00 million for the quarter, compared to analyst estimates of $233.99 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. During the same period last year, the company earned $0.49 earnings per share. On average, sell-side analysts forecast that Viper Energy, Inc. will post 2.02 earnings per share for the current year.
Viper Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.90%. Viper Energy's dividend payout ratio is currently 31.58%.
Viper Energy Profile
(
Free Report)
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.
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