WINTON GROUP Ltd Sells 134,496 Shares of Viper Energy Inc. $VNOM

Key Points

• WINTON GROUP Ltd cut its Viper Energy position by 91.4% in the second quarter, selling 134,496 shares and retaining 12,600 shares valued at approximately $534,000. Institutional investors collectively own 87.72% of VNOM.
• Viper Energy reported quarterly revenue of $677 million, up 127.9% year over year, while adjusted earnings of $0.76 per share matched analyst expectations.
• Analysts remain broadly bullish, with 16 Buy ratings and two Holds, producing a consensus “Moderate Buy” rating and a $56.93 price target versus the reported share price of $45.96.

WINTON GROUP Ltd lessened its position in Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 91.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,600 shares of the oil and gas producer's stock after selling 134,496 shares during the period. WINTON GROUP Ltd's holdings in Viper Energy were worth $534,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in VNOM. Capital World Investors lifted its holdings in Viper Energy by 4.0% during the 4th quarter. Capital World Investors now owns 12,916,557 shares of the oil and gas producer's stock valued at $498,967,000 after purchasing an additional 493,203 shares during the last quarter. Geode Capital Management LLC grew its stake in Viper Energy by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 4,986,716 shares of the oil and gas producer's stock worth $192,672,000 after buying an additional 258,082 shares during the last quarter. Bornite Capital Management LP grew its stake in Viper Energy by 50.0% during the fourth quarter. Bornite Capital Management LP now owns 1,500,000 shares of the oil and gas producer's stock worth $57,945,000 after buying an additional 500,000 shares during the last quarter. Encompass Capital Advisors LLC acquired a new stake in shares of Viper Energy during the fourth quarter worth approximately $52,087,000. Finally, Stephens Investment Management Group LLC increased its holdings in shares of Viper Energy by 8.2% during the first quarter. Stephens Investment Management Group LLC now owns 1,231,728 shares of the oil and gas producer's stock worth $57,879,000 after buying an additional 93,498 shares in the last quarter. Institutional investors own 87.72% of the company's stock.

Viper Energy Trading Up 3.0%

VNOM stock opened at $45.96 on Wednesday. The company has a market cap of $16.51 billion, a P/E ratio of 353.57 and a beta of 0.39. Viper Energy Inc. has a twelve month low of $35.10 and a twelve month high of $51.13. The company has a quick ratio of 6.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $43.77 and a 200-day moving average of $45.04.

Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.76 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.76. The firm had revenue of $677.00 million for the quarter, compared to analysts' expectations of $643.45 million. Viper Energy had a net margin of 2.89% and a return on equity of 3.43%. The business's revenue for the quarter was up 127.9% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share. As a group, equities research analysts expect that Viper Energy Inc. will post 2.74 EPS for the current year.

Viper Energy Announces Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 13th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a dividend yield of 281.0%. Viper Energy's payout ratio is 1,169.23%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. TD Cowen reissued a "buy" rating on shares of Viper Energy in a report on Tuesday, August 4th. Seaport Research Partners began coverage on Viper Energy in a report on Thursday, September 3rd. They set a "buy" rating and a $45.00 price target for the company. Johnson Rice started coverage on Viper Energy in a research report on Monday, August 3rd. They issued an "accumulate" rating and a $55.00 price objective for the company. Royal Bank Of Canada began coverage on Viper Energy in a research note on Friday, May 29th. They issued an "outperform" rating and a $58.00 price objective on the stock. Finally, Mizuho decreased their target price on Viper Energy from $58.00 to $56.00 and set an "outperform" rating on the stock in a report on Tuesday, August 4th. Sixteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Viper Energy has an average rating of "Moderate Buy" and a consensus target price of $56.93.

About Viper Energy

Viper Energy, Inc NASDAQ: VNOM is a mineral and royalty company focused on owning interests in oil and natural gas properties. Rather than drilling and operating wells directly, the company leases its mineral and royalty interests to exploration and production companies and receives a share of the revenue generated from the resulting production.

Viper's asset portfolio is concentrated in the Permian Basin, including the Midland and Delaware sub-basins in West Texas and southeastern New Mexico.

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