Caitong International Asset Management Co. Ltd Decreases Stock Holdings in Viper Energy Inc. $VNOM

Caitong International Asset Management Co. Ltd reduced its holdings in shares of Viper Energy Inc. (NASDAQ:VNOM) by 47.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,139 shares of the oil and gas producer’s stock after selling 1,962 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Viper Energy were worth $82,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new stake in Viper Energy during the first quarter worth approximately $34,000. AlphaQuest LLC purchased a new stake in Viper Energy during the first quarter worth approximately $41,000. Golden State Wealth Management LLC grew its stake in Viper Energy by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 1,000 shares of the oil and gas producer’s stock worth $45,000 after buying an additional 500 shares during the period. UMB Bank n.a. boosted its stake in shares of Viper Energy by 65.6% in the second quarter. UMB Bank n.a. now owns 1,217 shares of the oil and gas producer’s stock valued at $46,000 after purchasing an additional 482 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Viper Energy by 39.1% in the first quarter. US Bancorp DE now owns 1,965 shares of the oil and gas producer’s stock valued at $89,000 after purchasing an additional 552 shares during the period. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VNOM has been the subject of several analyst reports. William Blair initiated coverage on shares of Viper Energy in a research note on Monday, August 25th. They issued an “outperform” rating for the company. Mizuho decreased their target price on shares of Viper Energy from $55.00 to $51.00 and set an “outperform” rating for the company in a research note on Monday, September 15th. Roth Capital set a $50.00 target price on shares of Viper Energy and gave the company a “buy” rating in a research note on Tuesday, August 26th. Barclays decreased their target price on shares of Viper Energy from $60.00 to $57.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Finally, KeyCorp decreased their target price on shares of Viper Energy from $56.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, September 3rd. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Viper Energy currently has a consensus rating of “Moderate Buy” and an average price target of $54.07.

Viper Energy Trading Down 2.0%

NASDAQ VNOM opened at $37.26 on Friday. Viper Energy Inc. has a 12 month low of $34.71 and a 12 month high of $56.76. The company has a debt-to-equity ratio of 0.13, a current ratio of 6.15 and a quick ratio of 6.15. The company has a market capitalization of $10.75 billion, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 16.81 and a beta of 0.92. The company’s fifty day moving average price is $38.16 and its two-hundred day moving average price is $38.99.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings data on Monday, August 4th. The oil and gas producer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Viper Energy had a net margin of 37.84% and a return on equity of 3.92%. The firm had revenue of $297.00 million for the quarter, compared to the consensus estimate of $285.35 million. During the same period in the prior year, the firm posted $0.62 EPS. The firm’s revenue was up 37.1% compared to the same quarter last year. As a group, research analysts predict that Viper Energy Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date was Thursday, August 14th. Viper Energy’s dividend payout ratio is 38.15%.

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.