SIR Capital Management L.P. Grows Stock Position in Viper Energy, Inc. (NASDAQ:VNOM)

SIR Capital Management L.P. grew its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 427,410 shares of the oil and gas producer's stock after buying an additional 21,460 shares during the period. Viper Energy accounts for 2.2% of SIR Capital Management L.P.'s portfolio, 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 Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in shares of Viper Energy during the 4th quarter worth approximately $25,000. Quarry LP purchased a new position in shares of Viper Energy in the 4th quarter worth $32,000. Assetmark Inc. increased its holdings in shares of Viper Energy by 321.7% in the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock worth $33,000 after buying an additional 518 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Viper Energy by 43.9% in the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock valued at $34,000 after acquiring an additional 214 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in Viper Energy in the fourth quarter worth $55,000. Institutional investors own 87.72% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on VNOM. StockNews.com lowered Viper Energy from a "hold" rating to a "sell" rating in a research note on Wednesday, May 7th. Wells Fargo & Company decreased their price target on shares of Viper Energy from $51.00 to $48.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Mizuho dropped their price target on Viper Energy from $56.00 to $54.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Truist Financial lowered 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 note on Monday, February 3rd. Finally, Evercore ISI restated an "outperform" rating and issued a $49.00 price target on shares of Viper Energy in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $56.08.

Viper Energy Stock Performance

NASDAQ:VNOM traded down $0.51 during trading hours on Wednesday, hitting $40.86. 202,574 shares of the company were exchanged, compared to its average volume of 1,307,591. 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, Inc. has a 52-week low of $34.71 and a 52-week high of $56.76. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 17.53 and a beta of 1.05. The company's 50 day moving average price is $41.48 and its 200-day moving average price is $46.81.

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. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The firm had revenue of $245.00 million for the quarter, compared to analyst estimates of $233.99 million. During the same quarter in the prior year, the firm earned $0.49 earnings per share. As a group, research analysts forecast that Viper Energy, Inc. will post 2.02 earnings per share for the current year.

Viper Energy Dividend Announcement

The firm 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 $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Thursday, May 15th. Viper Energy's payout ratio is currently 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.