Viper Energy Inc. $VNOM Stake Decreased by SIR Capital Management L.P.

SIR Capital Management L.P. lowered its stake in shares of Viper Energy Inc. (NASDAQ:VNOM) by 28.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,534,335 shares of the oil and gas producer’s stock after selling 612,100 shares during the quarter. Viper Energy accounts for 6.6% of SIR Capital Management L.P.’s investment portfolio, making the stock its biggest position. SIR Capital Management L.P. owned 0.43% of Viper Energy worth $59,271,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in VNOM. Oaktree Capital Management LP purchased a new stake in shares of Viper Energy during the 3rd quarter valued at $240,215,000. Vanguard Group Inc. raised its position in shares of Viper Energy by 28.0% during the 3rd quarter. Vanguard Group Inc. now owns 16,906,846 shares of the oil and gas producer’s stock valued at $646,180,000 after buying an additional 3,699,141 shares in the last quarter. Capital World Investors raised its position in shares of Viper Energy by 18.7% during the 3rd quarter. Capital World Investors now owns 12,423,354 shares of the oil and gas producer’s stock valued at $474,821,000 after buying an additional 1,957,417 shares in the last quarter. HITE Hedge Asset Management LLC raised its position in shares of Viper Energy by 452.4% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 1,661,991 shares of the oil and gas producer’s stock valued at $63,521,000 after buying an additional 1,361,130 shares in the last quarter. Finally, GW&K Investment Management LLC purchased a new stake in shares of Viper Energy during the 4th quarter valued at $42,550,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Wall Street Analysts Forecast Growth

VNOM has been the topic of several research reports. Zacks Research cut shares of Viper Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. KeyCorp raised their price objective on shares of Viper Energy from $56.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Viper Energy in a research report on Monday, April 20th. Mizuho raised their price objective on shares of Viper Energy from $54.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Finally, Jefferies Financial Group upgraded shares of Viper Energy from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.38.

Viper Energy Price Performance

Shares of Viper Energy stock opened at $44.38 on Friday. The firm has a market cap of $15.93 billion, a PE ratio of -138.68 and a beta of 0.38. Viper Energy Inc. has a 12-month low of $35.10 and a 12-month high of $51.13. The company has a quick ratio of 6.17, a current ratio of 6.17 and a debt-to-equity ratio of 0.15. The company’s fifty day simple moving average is $46.71 and its two-hundred day simple moving average is $43.35.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings results on Monday, May 4th. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.12. The business had revenue of $511.00 million for the quarter, compared to analyst estimates of $499.82 million. Viper Energy had a negative net margin of 2.77% and a positive return on equity of 2.64%. The company’s revenue was up 108.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS. As a group, equities analysts expect that Viper Energy Inc. will post 2.5 EPS for the current year.

Viper Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, May 14th. Viper Energy’s dividend payout ratio (DPR) is -475.00%.

Viper Energy Profile

Viper Energy Partners LP is a publicly traded master limited partnership that owns and intends to acquire mineral and royalty interests in oil and natural gas properties. As a pass-through entity, Viper Energy Partners does not engage in drilling or production operations directly; instead, it generates revenues by holding overriding royalty interests, mineral fee interests and royalty fee interests. These interests entitle the partnership to receive a percentage of the proceeds from hydrocarbons produced and sold by third-party operators.

The partnership’s assets are concentrated in the Permian Basin, with a primary focus on the Delaware Basin region of West Texas and southeastern New Mexico.