Requisite Capital Management LLC Has $1.72 Million Stock Holdings in Viper Energy Inc. $VNOM

Requisite Capital Management LLC trimmed its stake in shares of Viper Energy Inc. (NASDAQ:VNOM) by 5.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,004 shares of the oil and gas producer’s stock after selling 2,351 shares during the quarter. Viper Energy makes up about 0.4% of Requisite Capital Management LLC’s portfolio, making the stock its 19th largest holding. Requisite Capital Management LLC’s holdings in Viper Energy were worth $1,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in VNOM. Vanguard Group Inc. increased its position in Viper Energy by 28.9% during the 1st quarter. Vanguard Group Inc. now owns 13,016,792 shares of the oil and gas producer’s stock worth $587,708,000 after purchasing an additional 2,921,832 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Viper Energy by 21.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,996,351 shares of the oil and gas producer’s stock worth $451,336,000 after purchasing an additional 1,778,093 shares in the last quarter. Alyeska Investment Group L.P. increased its position in Viper Energy by 763.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 1,799,642 shares of the oil and gas producer’s stock valued at $81,254,000 after acquiring an additional 1,591,212 shares during the period. Wellington Management Group LLP increased its position in Viper Energy by 12.2% in the 1st quarter. Wellington Management Group LLP now owns 11,953,910 shares of the oil and gas producer’s stock valued at $539,719,000 after acquiring an additional 1,301,933 shares during the period. Finally, Burkehill Global Management LP acquired a new position in Viper Energy in the 1st quarter valued at approximately $27,090,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on VNOM. Wells Fargo & Company decreased their price target on shares of Viper Energy from $51.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, August 14th. Wall Street Zen cut shares of Viper Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Piper Sandler upped their price target on shares of Viper Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Mizuho decreased their price target on shares of Viper Energy from $55.00 to $51.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Finally, KeyCorp decreased their price target on shares of Viper Energy from $56.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, September 3rd. Sixteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $55.27.

Viper Energy Trading Down 0.7%

VNOM opened at $38.22 on Wednesday. Viper Energy Inc. has a twelve month low of $34.71 and a twelve month high of $56.76. The company has a quick ratio of 6.15, a current ratio of 6.15 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $38.26 and a 200-day moving average of $39.69. The stock has a market cap of $11.03 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 17.20 and a beta of 1.04.

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

Viper Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.12 annualized dividend and a yield of 5.5%. Viper Energy’s dividend payout ratio is currently 38.15%.

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.