Zimmer Partners LP lessened its holdings in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300,000 shares of the oil and gas producer's stock after selling 25,000 shares during the quarter. Zimmer Partners LP owned approximately 0.14% of Viper Energy worth $14,721,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the business. Barclays PLC raised its holdings in Viper Energy by 103.3% during the 3rd quarter. Barclays PLC now owns 43,962 shares of the oil and gas producer's stock worth $1,982,000 after purchasing an additional 22,334 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Viper Energy by 3,200.2% during the 3rd quarter. Principal Financial Group Inc. now owns 235,307 shares of the oil and gas producer's stock worth $10,615,000 after purchasing an additional 228,177 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Viper Energy by 6.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 51,571 shares of the oil and gas producer's stock worth $2,531,000 after purchasing an additional 3,312 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in Viper Energy during the 4th quarter worth approximately $390,000. Finally, SG Americas Securities LLC raised its holdings in Viper Energy by 265.6% during the 4th quarter. SG Americas Securities LLC now owns 54,940 shares of the oil and gas producer's stock worth $2,696,000 after purchasing an additional 39,913 shares during the last quarter. Institutional investors own 87.72% of the company's stock.
Viper Energy Stock Performance
NASDAQ VNOM opened at $41.28 on Tuesday. The company has a fifty day simple moving average of $41.48 and a 200 day simple moving average of $46.85. Viper Energy, Inc. has a 12-month low of $34.71 and a 12-month high of $56.76. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The company has a market cap of $8.79 billion, a P/E ratio of 17.72 and a beta of 1.05.
Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.09. The firm had revenue of $245.00 million for the quarter, compared to the consensus estimate of $233.99 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. During the same period in the previous year, the firm earned $0.49 EPS. Sell-side analysts predict that Viper Energy, Inc. will post 2.02 earnings per share for the current fiscal year.
Viper Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Thursday, May 15th. Viper Energy's dividend payout ratio is 31.58%.
Analysts Set New Price Targets
VNOM has been the subject of several analyst reports. Piper Sandler lowered their price target on shares of Viper Energy from $62.00 to $61.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. The Goldman Sachs Group set a $72.00 price objective on shares of Viper Energy in a research report on Monday, March 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Viper Energy from $49.00 to $47.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. Truist Financial reduced their price objective on shares of Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Finally, Barclays reduced their price objective on shares of Viper Energy from $60.00 to $57.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $56.08.
Read Our Latest Stock Analysis on Viper Energy
About Viper Energy
(
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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