5,400 Shares in Viper Energy, Inc. (NASDAQ:VNOM) Purchased by Oak Thistle LLC

Oak Thistle LLC acquired a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM) during the 4th quarter, Holdings Channel reports. The fund acquired 5,400 shares of the oil and gas producer’s stock, valued at approximately $265,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of Viper Energy by 328.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 450 shares during the last quarter. GAMMA Investing LLC increased its position in Viper Energy by 208.1% during the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 460 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Viper Energy by 524.8% in the third quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock valued at $63,000 after acquiring an additional 1,165 shares during the period. Versant Capital Management Inc purchased a new stake in shares of Viper Energy in the fourth quarter valued at $94,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Viper Energy in the 3rd quarter worth about $144,000. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Stock Performance

Shares of NASDAQ:VNOM opened at $51.37 on Friday. The firm has a 50 day moving average of $51.21 and a 200 day moving average of $48.05. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $9.68 billion, a price-to-earnings ratio of 22.05 and a beta of 1.73. Viper Energy, Inc. has a 52 week low of $30.21 and a 52 week high of $56.76.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The firm had revenue of $209.59 million during the quarter, compared to analysts’ expectations of $210.54 million. During the same period in the prior year, the business posted $1.10 EPS. The firm’s quarterly revenue was down 28.5% on a year-over-year basis. On average, sell-side analysts predict that Viper Energy, Inc. will post 2 earnings per share for the current fiscal year.

Viper Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Thursday, November 14th. Viper Energy’s payout ratio is currently 51.50%.

Analyst Upgrades and Downgrades

VNOM has been the topic of a number of recent analyst reports. Bank of America initiated coverage on shares of Viper Energy in a research report on Tuesday, November 26th. They issued a “buy” rating and a $64.00 price objective on the stock. KeyCorp upgraded Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price target on the stock in a report on Friday, December 13th. JPMorgan Chase & Co. upped their price objective on Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. The Goldman Sachs Group assumed coverage on Viper Energy in a research report on Monday, December 2nd. They set a “buy” rating and a $70.00 target price for the company. Finally, Raymond James upped their price target on shares of Viper Energy from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

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.