Viper Energy Inc. (NASDAQ:VNOM) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its stake in shares of Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 58.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,288 shares of the oil and gas producer's stock after selling 30,283 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Viper Energy were worth $961,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Viper Energy during the 4th quarter worth approximately $1,701,000. GAMMA Investing LLC raised its stake in shares of Viper Energy by 6,591.3% during the 1st quarter. GAMMA Investing LLC now owns 91,068 shares of the oil and gas producer's stock worth $4,112,000 after buying an additional 89,707 shares in the last quarter. FORA Capital LLC raised its stake in shares of Viper Energy by 196.5% during the 4th quarter. FORA Capital LLC now owns 13,326 shares of the oil and gas producer's stock worth $654,000 after buying an additional 8,831 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Viper Energy during the 4th quarter worth approximately $358,000. Finally, Rhumbline Advisers raised its stake in shares of Viper Energy by 6.4% during the 4th quarter. Rhumbline Advisers now owns 268,297 shares of the oil and gas producer's stock worth $13,165,000 after buying an additional 16,172 shares in the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VNOM. Raymond James Financial reissued an "outperform" rating and set a $60.00 target price (up from $54.00) on shares of Viper Energy in a research note on Thursday, June 5th. Barclays increased their target price on Viper Energy from $57.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. TD Securities increased their target price on Viper Energy from $57.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Piper Sandler cut their target price on Viper Energy from $62.00 to $61.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Finally, Mizuho raised their price objective on Viper Energy from $54.00 to $55.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $57.00.

Viper Energy Price Performance

Shares of NASDAQ:VNOM opened at $40.84 on Thursday. The business's fifty day moving average price is $40.66 and its two-hundred day moving average price is $44.99. The stock has a market cap of $11.78 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 19.95 and a beta of 1.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 8.70 and a current ratio of 8.70. Viper Energy Inc. has a one year low of $34.71 and a one year high of $56.76.

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

Viper Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were issued a dividend of $0.30 per share. 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%.

About Viper Energy

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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