Adalta Capital Management LLC Sells 4,400 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Adalta Capital Management LLC reduced its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 58.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,180 shares of the oil and gas producer’s stock after selling 4,400 shares during the period. Adalta Capital Management LLC’s holdings in Viper Energy were worth $156,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Viper Energy by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 10,094,960 shares of the oil and gas producer’s stock worth $495,360,000 after acquiring an additional 239,404 shares during the last quarter. FIL Ltd grew its stake in shares of Viper Energy by 8.5% in the fourth quarter. FIL Ltd now owns 3,964,130 shares of the oil and gas producer’s stock worth $194,520,000 after purchasing an additional 310,890 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Viper Energy by 20.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,309,425 shares of the oil and gas producer’s stock valued at $113,324,000 after purchasing an additional 389,473 shares during the period. Raymond James Financial Inc. bought a new position in Viper Energy during the 4th quarter worth $95,505,000. Finally, Geode Capital Management LLC lifted its holdings in Viper Energy by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 1,733,745 shares of the oil and gas producer’s stock worth $85,102,000 after buying an additional 35,084 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Stock Up 0.2%

Shares of NASDAQ VNOM opened at $41.36 on Wednesday. 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 firm has a market cap of $8.81 billion, a PE ratio of 17.75 and a beta of 1.05. The company’s fifty day simple moving average is $41.48 and its 200 day simple moving average is $46.81. Viper Energy, Inc. has a 12-month low of $34.71 and a 12-month high of $56.76.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.09. The firm had revenue of $245.00 million for the quarter, compared to analyst estimates of $233.99 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. During the same quarter in the prior year, the business earned $0.49 earnings per share. As a group, sell-side analysts forecast that Viper Energy, Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.20 annualized dividend and a yield of 2.90%. Viper Energy’s payout ratio is currently 31.58%.

Wall Street Analyst Weigh In

VNOM has been the subject of several recent research reports. StockNews.com cut Viper Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 7th. The Goldman Sachs Group set a $72.00 target price on Viper Energy in a report on Monday, March 3rd. JPMorgan Chase & Co. lowered their price target on shares of Viper Energy from $49.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, May 7th. Mizuho dropped their price target on shares of Viper Energy from $56.00 to $54.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 13th. Finally, Barclays reduced their price objective on shares of Viper Energy from $60.00 to $57.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Viper Energy currently has a consensus rating of “Moderate Buy” and an average price target of $56.08.

Viper Energy 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.