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

Assenagon Asset Management S.A. reduced its stake in shares of Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 58.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. 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 SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VNOM. Quarry LP purchased a new position in Viper Energy in the 4th quarter valued at about $32,000. Assetmark Inc. lifted its stake in shares of Viper Energy by 321.7% in the fourth quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock worth $33,000 after acquiring an additional 518 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of 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 worth $34,000 after acquiring an additional 214 shares in the last quarter. UMB Bank n.a. boosted its holdings 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 purchasing an additional 414 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Viper Energy during the 4th quarter valued at approximately $55,000. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Stock Performance

Shares of NASDAQ VNOM traded down $0.12 during midday trading on Friday, hitting $40.72. The company's stock had a trading volume of 1,488,433 shares, compared to its average volume of 1,370,955. 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 1-year low of $34.71 and a 1-year high of $56.76. The firm's fifty day moving average price is $40.81 and its 200-day moving average price is $44.75. The firm has a market cap of $11.75 billion, a P/E ratio of 10.72, a P/E/G ratio of 19.47 and a beta of 1.00.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued 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 company had revenue of $245.00 million during the quarter, compared to the consensus estimate of $233.99 million. Viper Energy had a return on equity of 5.41% and a net margin of 43.43%. During the same period in the previous year, the firm posted $0.49 earnings per share. On average, sell-side analysts forecast that Viper Energy Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors 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 2.95%. Viper Energy's dividend payout ratio is currently 31.58%.

Analysts Set New Price Targets

A number of brokerages have issued reports on VNOM. Barclays upped their target price on Viper Energy from $57.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. TD Securities lifted their price target on shares of Viper Energy from $57.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. KeyCorp cut their price target on shares of Viper Energy from $62.00 to $56.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Wall Street Zen lowered shares of Viper Energy from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Evercore ISI boosted their target price on shares of Viper Energy from $49.00 to $51.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $57.00.

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.