4,599 Shares in Viper Energy, Inc. (NASDAQ:VNOM) Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP acquired a new position in Viper Energy, Inc. (NASDAQ:VNOM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,599 shares of the oil and gas producer’s stock, valued at approximately $226,000.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Viper Energy in the 4th quarter worth about $1,701,000. FORA Capital LLC boosted its holdings in shares of Viper Energy by 196.5% during the 4th quarter. FORA Capital LLC now owns 13,326 shares of the oil and gas producer’s stock worth $654,000 after purchasing an additional 8,831 shares during the last quarter. Barclays PLC boosted its holdings in shares of Viper Energy by 103.3% during the 3rd quarter. Barclays PLC now owns 43,962 shares of the oil and gas producer’s stock worth $1,982,000 after purchasing an additional 22,334 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Viper Energy during the 4th quarter worth approximately $358,000. Finally, Rhumbline Advisers boosted its holdings in shares of Viper Energy by 6.4% during the 4th quarter. Rhumbline Advisers now owns 268,297 shares of the oil and gas producer’s stock worth $13,165,000 after purchasing an additional 16,172 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Stock Down 0.8%

Shares of NASDAQ VNOM opened at $39.67 on Tuesday. The firm has a market cap of $8.45 billion, a price-to-earnings ratio of 17.03 and a beta of 1.05. 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, Inc. has a 52-week low of $34.71 and a 52-week high of $56.76. The business’s 50 day moving average is $41.16 and its two-hundred day moving average is $46.37.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company earned $0.49 earnings per share. Research analysts predict that Viper Energy, Inc. will post 2.02 EPS for the current year.

Viper Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Thursday, May 15th. Viper Energy’s dividend payout ratio is currently 31.58%.

Wall Street Analyst Weigh In

VNOM has been the topic of several recent research reports. JPMorgan Chase & Co. lowered 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. Raymond James set a $52.00 target price on Viper Energy in a report on Monday, April 21st. Piper Sandler lowered their target price on Viper Energy from $62.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, May 13th. Evercore ISI reiterated an “outperform” rating and issued a $49.00 price objective on shares of Viper Energy in a report on Wednesday, May 7th. Finally, Wall Street Zen cut Viper Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $55.00.

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.