SIR Capital Management L.P. Buys 21,460 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

SIR Capital Management L.P. increased its stake in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 427,410 shares of the oil and gas producer's stock after purchasing an additional 21,460 shares during the period. Viper Energy makes up 2.2% of SIR Capital Management L.P.'s holdings, making the stock its 11th biggest holding. SIR Capital Management L.P. owned 0.20% of Viper Energy worth $20,973,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Barclays PLC increased its stake in shares of Viper Energy by 103.3% in the 3rd quarter. Barclays PLC now owns 43,962 shares of the oil and gas producer's stock valued at $1,982,000 after purchasing an additional 22,334 shares during the last quarter. Franklin Resources Inc. bought a new position in Viper Energy in the third quarter valued at about $3,037,000. Principal Financial Group Inc. raised its stake in Viper Energy by 3,200.2% during the third quarter. Principal Financial Group Inc. now owns 235,307 shares of the oil and gas producer's stock worth $10,615,000 after acquiring an additional 228,177 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Viper Energy in the fourth quarter worth about $265,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Viper Energy by 6.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 51,571 shares of the oil and gas producer's stock worth $2,531,000 after acquiring an additional 3,312 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered 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 lowered their price target on shares of Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Mizuho cut their price objective on Viper Energy from $56.00 to $54.00 and set an "outperform" rating on the stock in a report on Tuesday. StockNews.com lowered Viper Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group set a $72.00 target price on Viper Energy in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Viper Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.08.

Viper Energy Price Performance

VNOM stock opened at $41.12 on Friday. Viper Energy, Inc. has a 1 year low of $34.71 and a 1 year high of $56.76. The stock has a market capitalization of $8.76 billion, a PE ratio of 17.65 and a beta of 1.05. The company's 50-day moving average is $41.50 and its 200-day moving average is $47.06. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24.

Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its quarterly 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. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The business had revenue of $245.00 million during the quarter, compared to analyst estimates of $233.99 million. During the same quarter in the previous year, the business posted $0.49 EPS. Equities research analysts expect that Viper Energy, Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Announces Dividend

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 2.92%. The ex-dividend date is Thursday, May 15th. Viper Energy's dividend payout ratio is 31.58%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.