Cinctive Capital Management LP Has $3.19 Million Stock Position in Viper Energy Inc. $VNOM

Cinctive Capital Management LP lifted its position in shares of Viper Energy Inc. (NASDAQ:VNOM) by 19.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,323 shares of the oil and gas producer’s stock after acquiring an additional 13,323 shares during the quarter. Cinctive Capital Management LP’s holdings in Viper Energy were worth $3,185,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. TD Waterhouse Canada Inc. increased its position in Viper Energy by 4.3% in the second quarter. TD Waterhouse Canada Inc. now owns 6,801 shares of the oil and gas producer’s stock worth $260,000 after purchasing an additional 279 shares during the period. Ironsides Asset Advisors LLC raised its holdings in Viper Energy by 3.7% during the 3rd quarter. Ironsides Asset Advisors LLC now owns 7,841 shares of the oil and gas producer’s stock worth $300,000 after purchasing an additional 280 shares during the last quarter. GAMMA Investing LLC lifted its position in Viper Energy by 16.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,354 shares of the oil and gas producer’s stock valued at $90,000 after purchasing an additional 337 shares during the period. Aurora Investment Counsel boosted its stake in shares of Viper Energy by 1.0% in the 3rd quarter. Aurora Investment Counsel now owns 37,746 shares of the oil and gas producer’s stock valued at $1,443,000 after purchasing an additional 359 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Viper Energy by 4.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,902 shares of the oil and gas producer’s stock valued at $339,000 after purchasing an additional 376 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VNOM. Wells Fargo & Company lifted their price target on shares of Viper Energy from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Wall Street Zen raised shares of Viper Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Morgan Stanley dropped their target price on shares of Viper Energy from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. TD Securities increased their price target on Viper Energy from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Finally, Citigroup raised their price target on Viper Energy from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.71.

Viper Energy Trading Up 0.1%

Shares of NASDAQ VNOM opened at $44.25 on Monday. The company’s fifty day moving average is $41.84 and its 200-day moving average is $39.40. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 0.21. The stock has a market cap of $15.82 billion, a price-to-earnings ratio of -192.38 and a beta of 0.48. Viper Energy Inc. has a twelve month low of $34.71 and a twelve month high of $48.00.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Monday, February 23rd. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Viper Energy had a positive return on equity of 2.62% and a negative net margin of 4.87%.The firm had revenue of $435.00 million during the quarter, compared to analysts’ expectations of $415.51 million. During the same period in the previous year, the firm earned $2.04 earnings per share. The company’s revenue was up 87.6% on a year-over-year basis. Equities research analysts predict that Viper Energy Inc. will post 2.02 EPS for the current year.

Viper Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, March 5th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.4%. This is a boost from Viper Energy’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, March 5th. Viper Energy’s dividend payout ratio is currently -660.87%.

Viper Energy Company Profile

Viper Energy Partners LP is a publicly traded master limited partnership that owns and intends to acquire mineral and royalty interests in oil and natural gas properties. As a pass-through entity, Viper Energy Partners does not engage in drilling or production operations directly; instead, it generates revenues by holding overriding royalty interests, mineral fee interests and royalty fee interests. These interests entitle the partnership to receive a percentage of the proceeds from hydrocarbons produced and sold by third-party operators.

The partnership’s assets are concentrated in the Permian Basin, with a primary focus on the Delaware Basin region of West Texas and southeastern New Mexico.