Viper Energy Inc. (NASDAQ:VNOM) Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. lessened its stake in shares of Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 50.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,500 shares of the oil and gas producer's stock after selling 7,500 shares during the quarter. U S Global Investors Inc.'s holdings in Viper Energy were worth $339,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of VNOM. Quarry LP acquired a new stake in shares of Viper Energy during the fourth quarter valued at $32,000. Assetmark Inc. lifted 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 purchasing an additional 518 shares in the last quarter. 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 purchasing an additional 414 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Viper Energy by 43.9% during the fourth quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock worth $34,000 after buying an additional 214 shares in the last quarter. Finally, Golden State Wealth Management LLC grew 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 worth $45,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company's stock.

Viper Energy Trading Down 0.9%

Shares of Viper Energy stock traded down $0.33 during trading hours on Friday, reaching $38.22. The stock had a trading volume of 3,091,144 shares, compared to its average volume of 1,390,994. The firm has a market capitalization of $11.03 billion, a price-to-earnings ratio of 10.06, a P/E/G ratio of 18.45 and a beta of 1.00. Viper Energy Inc. has a 1 year low of $34.71 and a 1 year high of $56.76. The company has a current ratio of 8.70, a quick ratio of 8.70 and a debt-to-equity ratio of 0.15. The firm has a 50 day simple moving average of $40.71 and a two-hundred day simple moving average of $44.36.

Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The oil and gas producer reported $0.54 EPS for the quarter, beating 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 net margin of 43.43% and a return on equity of 5.41%. During the same quarter last year, the firm posted $0.49 earnings per share. As a group, equities research analysts anticipate that Viper Energy Inc. will post 2.02 earnings per share for the current year.

Viper Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date was Thursday, May 15th. Viper Energy's dividend payout ratio is presently 31.58%.

Analysts Set New Price Targets

A number of analysts recently issued reports on VNOM shares. JPMorgan Chase & Co. decreased their target price on shares of Viper Energy from $49.00 to $47.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Mizuho increased their price target on Viper Energy from $54.00 to $55.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Piper Sandler decreased their price objective on Viper Energy from $62.00 to $61.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. TD Securities upped their target price on Viper Energy from $57.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Evercore ISI increased their target price on Viper Energy from $49.00 to $51.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a sell rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $57.00.

Viper Energy Company 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.