Two Sigma Advisers LP Lowers Position in Viper Energy, Inc. (NASDAQ:VNOM)

Two Sigma Advisers LP cut its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 73.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,000 shares of the oil and gas producer’s stock after selling 32,600 shares during the period. Two Sigma Advisers LP’s holdings in Viper Energy were worth $589,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Viper Energy by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 10,094,960 shares of the oil and gas producer’s stock valued at $495,360,000 after purchasing an additional 239,404 shares in the last quarter. FIL Ltd lifted its position in Viper Energy by 8.5% during the fourth quarter. FIL Ltd now owns 3,964,130 shares of the oil and gas producer’s stock valued at $194,520,000 after purchasing an additional 310,890 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Viper Energy by 20.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,309,425 shares of the oil and gas producer’s stock valued at $113,324,000 after purchasing an additional 389,473 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Viper Energy during the fourth quarter valued at $95,505,000. Finally, Geode Capital Management LLC lifted its position in Viper Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 1,733,745 shares of the oil and gas producer’s stock valued at $85,102,000 after purchasing an additional 35,084 shares in the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Price Performance

NASDAQ:VNOM opened at $41.43 on Wednesday. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $11.95 billion, a P/E ratio of 17.78 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 business’s 50-day moving average is $40.59 and its 200 day moving average is $45.91.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Monday, May 5th. The oil and gas producer reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.09. The company had revenue of $245.00 million for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $0.49 earnings per share. On average, equities research analysts forecast that Viper Energy, Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.90%. Viper Energy’s dividend payout ratio is currently 31.58%.

Analyst Upgrades and Downgrades

VNOM has been the topic of a number of recent analyst reports. Bank of America decreased their price target on Viper Energy from $53.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, May 23rd. Piper Sandler decreased their price target on Viper Energy from $62.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, May 13th. KeyCorp decreased their price target on Viper Energy from $62.00 to $56.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. The Goldman Sachs Group set a $72.00 price target on Viper Energy in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. decreased their price target on Viper Energy from $49.00 to $47.00 and set an “overweight” rating on the stock in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.15.

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.