Quantbot Technologies LP Sells 44,259 Shares of Viper Energy Inc. $VNOM

Quantbot Technologies LP reduced its stake in Viper Energy Inc. (NASDAQ:VNOM) by 42.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,489 shares of the oil and gas producer’s stock after selling 44,259 shares during the quarter. Quantbot Technologies LP’s holdings in Viper Energy were worth $2,268,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Financial Gravity Companies Inc. bought a new position in shares of Viper Energy in the second quarter worth about $27,000. AlphaQuest LLC bought a new position in shares of Viper Energy during the 1st quarter valued at approximately $41,000. Assetmark Inc. increased its holdings in Viper Energy by 48.7% in the 2nd quarter. Assetmark Inc. now owns 1,068 shares of the oil and gas producer’s stock worth $41,000 after acquiring an additional 350 shares in the last quarter. First Horizon Advisors Inc. raised its stake in Viper Energy by 82.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,181 shares of the oil and gas producer’s stock worth $45,000 after acquiring an additional 534 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Viper Energy by 65.6% during 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 in the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Piper Sandler reduced their price objective on shares of Viper Energy from $68.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, November 18th. Wells Fargo & Company upped their target price on shares of Viper Energy from $49.00 to $51.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Roth Capital set a $50.00 price target on Viper Energy and gave the stock a “buy” rating in a research note on Tuesday, August 26th. William Blair assumed coverage on Viper Energy in a report on Monday, August 25th. They set an “outperform” rating on the stock. Finally, Barclays upped their price objective on Viper Energy from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.13.

Viper Energy Stock Performance

Shares of NASDAQ VNOM opened at $40.65 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 6.15 and a current ratio of 1.88. The company has a market cap of $14.61 billion, a P/E ratio of 16.80, a P/E/G ratio of 18.27 and a beta of 0.48. The firm’s fifty day moving average is $37.42 and its two-hundred day moving average is $38.33. Viper Energy Inc. has a 52-week low of $34.71 and a 52-week high of $52.60.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings data on Monday, November 3rd. The oil and gas producer reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The business had revenue of $418.00 million during the quarter, compared to the consensus estimate of $389.35 million. Viper Energy had a net margin of 20.62% and a return on equity of 3.09%. The business’s revenue was up 98.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 EPS. As a group, analysts anticipate that Viper Energy Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.2%. The ex-dividend date was Thursday, November 13th. Viper Energy’s dividend payout ratio (DPR) is currently 54.55%.

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.