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

SIR Capital Management L.P. raised its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 5.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 427,410 shares of the oil and gas producer’s stock after acquiring an additional 21,460 shares during the quarter. Viper Energy comprises 2.2% of SIR Capital Management L.P.’s holdings, making the stock its 11th biggest holding. SIR Capital Management L.P.’s holdings in Viper Energy were worth $20,973,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. First Horizon Advisors Inc. grew its position in shares of Viper Energy by 43.9% in the fourth quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 214 shares in the last quarter. American Century Companies Inc. boosted its holdings in Viper Energy by 1.1% in the 4th quarter. American Century Companies Inc. now owns 25,323 shares of the oil and gas producer’s stock valued at $1,243,000 after purchasing an additional 268 shares during the period. Savant Capital LLC grew its position in shares of Viper Energy by 2.1% during the 4th quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer’s stock valued at $706,000 after purchasing an additional 293 shares in the last quarter. Andina Capital Management LLC raised its position in shares of Viper Energy by 2.5% in the fourth quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer’s stock worth $634,000 after buying an additional 312 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Viper Energy by 1.7% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,743 shares of the oil and gas producer’s stock worth $1,116,000 after buying an additional 381 shares in the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Viper Energy Trading Down 3.8%

NASDAQ:VNOM opened at $41.12 on Friday. The company has a 50-day moving average price of $41.50 and a 200-day moving average price of $47.06. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 17.65 and a beta of 1.05. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a 12 month low of $34.71 and a 12 month high of $56.76.

Viper Energy (NASDAQ:VNOM) 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. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The business had revenue of $245.00 million during the quarter, compared to the consensus estimate of $233.99 million. During the same quarter in the prior year, the company earned $0.49 earnings per share. Equities analysts predict that Viper Energy, Inc. will post 2.02 EPS for the current year.

Viper Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.92%. Viper Energy’s dividend payout ratio is currently 31.58%.

Analyst Ratings Changes

Several research firms have weighed in on VNOM. Truist Financial lowered their price target on Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Mizuho lowered their target price on shares of Viper Energy from $56.00 to $54.00 and set an “outperform” rating on the stock in a research note on Tuesday. Piper Sandler cut their price target on shares of Viper Energy from $62.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday. The Goldman Sachs Group set a $72.00 price target on shares of Viper Energy in a report on Monday, March 3rd. Finally, Barclays dropped their price objective on shares of Viper Energy from $60.00 to $57.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $56.08.

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.