Jane Street Group LLC Reduces Stake in Viper Energy, Inc. (NASDAQ:VNOM)

Jane Street Group LLC reduced its position in Viper Energy, Inc. (NASDAQ:VNOM) by 81.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,700 shares of the oil and gas producer’s stock after selling 141,854 shares during the period. Jane Street Group LLC’s holdings in Viper Energy were worth $1,605,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. First Horizon Advisors Inc. boosted its holdings in shares of Viper Energy by 43.9% during the fourth quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock worth $34,000 after purchasing an additional 214 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Viper Energy by 1.1% during the fourth quarter. American Century Companies Inc. now owns 25,323 shares of the oil and gas producer’s stock worth $1,243,000 after purchasing an additional 268 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of Viper Energy by 2.1% during the fourth quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer’s stock worth $706,000 after purchasing an additional 293 shares during the last quarter. Andina Capital Management LLC boosted its holdings in shares of Viper Energy by 2.5% during the fourth quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer’s stock worth $634,000 after purchasing an additional 312 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Viper Energy by 1.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,743 shares of the oil and gas producer’s stock valued at $1,116,000 after acquiring an additional 381 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Price Performance

VNOM opened at $41.36 on Monday. The stock has a fifty day moving average of $41.50 and a 200-day moving average of $46.93. The firm has a market capitalization of $8.81 billion, a P/E ratio of 17.75 and a beta of 1.05. Viper Energy, Inc. has a 12-month low of $34.71 and a 12-month 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.

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

Viper Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.90%. The ex-dividend date is Thursday, May 15th. Viper Energy’s payout ratio is 31.58%.

Analyst Ratings Changes

A number of brokerages recently weighed in on VNOM. Truist Financial reduced their target price on Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on Viper Energy from $49.00 to $47.00 and set an “overweight” rating on the stock in a report on Wednesday, May 7th. StockNews.com cut Viper Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 7th. Raymond James set a $52.00 target price on Viper Energy in a report on Monday, April 21st. Finally, Barclays reduced their target price on Viper Energy from $60.00 to $57.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.08.

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.