Mariner LLC Takes $249,000 Position in Viper Energy, Inc. (NASDAQ:VNOM)

Mariner LLC bought a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 5,068 shares of the oil and gas producer’s stock, valued at approximately $249,000.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in Viper Energy by 77.0% in the fourth quarter. Barclays PLC now owns 77,810 shares of the oil and gas producer’s stock worth $3,819,000 after acquiring an additional 33,848 shares in the last quarter. Sterling Capital Management LLC boosted its stake in Viper Energy by 48.5% in the 4th quarter. Sterling Capital Management LLC now owns 4,789 shares of the oil and gas producer’s stock worth $235,000 after purchasing an additional 1,563 shares in the last quarter. Covestor Ltd grew its position in Viper Energy by 8,100.0% during the 4th quarter. Covestor Ltd now owns 1,312 shares of the oil and gas producer’s stock worth $64,000 after purchasing an additional 1,296 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in Viper Energy by 2.1% during the 4th quarter. Treasurer of the State of North Carolina now owns 45,220 shares of the oil and gas producer’s stock valued at $2,219,000 after purchasing an additional 950 shares in the last quarter. Finally, Capital Fund Management S.A. purchased a new position in shares of Viper Energy in the fourth quarter worth $1,013,000. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Trading Down 1.6 %

VNOM stock opened at $41.41 on Tuesday. Viper Energy, Inc. has a 52-week low of $34.71 and a 52-week high of $56.76. 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 $8.82 billion, a P/E ratio of 17.77 and a beta of 1.23. The company’s 50-day simple moving average is $41.87 and its 200-day simple moving average is $47.60.

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

Viper Energy Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were issued a $0.65 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This is a positive change from Viper Energy’s previous dividend of $0.22. Viper Energy’s payout ratio is presently 32.70%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on VNOM shares. Evercore ISI boosted their price objective on shares of Viper Energy from $45.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Barclays dropped their price target on Viper Energy from $60.00 to $57.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Piper Sandler reduced their price objective on Viper Energy from $63.00 to $62.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Truist Financial decreased their target price on Viper Energy from $78.00 to $68.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Finally, Raymond James set a $52.00 price target on shares of Viper Energy in a report on Monday, April 21st. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $57.15.

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.