Oppenheimer Asset Management Inc. Sells 486 Shares of Viper Energy Inc. (NASDAQ:VNOM)

Oppenheimer Asset Management Inc. cut its holdings in Viper Energy Inc. (NASDAQ:VNOM) by 2.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,110 shares of the oil and gas producer’s stock after selling 486 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Viper Energy were worth $908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. First Horizon Advisors Inc. grew its position in shares of Viper Energy by 43.9% in the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock worth $34,000 after buying an additional 214 shares during the last quarter. American Century Companies Inc. boosted its holdings in Viper Energy by 1.1% in the fourth quarter. American Century Companies Inc. now owns 25,323 shares of the oil and gas producer’s stock valued at $1,243,000 after acquiring an additional 268 shares in the last quarter. Segment Wealth Management LLC boosted its holdings in Viper Energy by 3.9% in the first quarter. Segment Wealth Management LLC now owns 9,520 shares of the oil and gas producer’s stock valued at $430,000 after acquiring an additional 360 shares in the last quarter. 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 in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Viper Energy by 1.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 24,230 shares of the oil and gas producer’s stock valued at $1,189,000 after purchasing an additional 397 shares in the last quarter. 87.72% of the stock is owned by institutional investors.

Viper Energy Stock Performance

VNOM stock opened at $38.22 on Friday. The stock has a market capitalization of $11.03 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 18.29 and a beta of 1.00. Viper Energy Inc. has a 12-month low of $34.71 and a 12-month high of $56.76. The company has a current ratio of 8.70, a quick ratio of 8.70 and a debt-to-equity ratio of 0.15. The stock’s 50 day simple moving average is $40.71 and its 200 day simple moving average is $44.31.

Viper Energy (NASDAQ:VNOM) last announced its quarterly 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 firm 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 5.41% and a net margin of 43.43%. During the same period in the prior year, the company posted $0.49 earnings per share. As a group, research analysts forecast that Viper Energy Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Thursday, May 15th. Viper Energy’s dividend payout ratio is currently 31.58%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on VNOM shares. Bank of America cut their target price on shares of Viper Energy from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, May 23rd. Mizuho lifted their price objective on Viper Energy from $54.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. TD Securities lifted their price target on Viper Energy from $57.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. dropped their price target on Viper Energy from $49.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group set a $72.00 target price on shares of Viper Energy in a report on Monday, March 3rd. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $57.00.

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.