Viper Energy Inc. $VNOM Shares Sold by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd lowered its holdings in shares of Viper Energy Inc. (NASDAQ:VNOM) by 47.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,139 shares of the oil and gas producer’s stock after selling 1,962 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Viper Energy were worth $82,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swiss National Bank raised its position in Viper Energy by 22.1% during the first quarter. Swiss National Bank now owns 247,177 shares of the oil and gas producer’s stock worth $11,160,000 after acquiring an additional 44,700 shares during the last quarter. Principal Financial Group Inc. raised its position in Viper Energy by 27.6% during the first quarter. Principal Financial Group Inc. now owns 302,575 shares of the oil and gas producer’s stock worth $13,661,000 after acquiring an additional 65,375 shares during the last quarter. Amalgamated Bank raised its position in Viper Energy by 21.3% during the first quarter. Amalgamated Bank now owns 59,901 shares of the oil and gas producer’s stock worth $2,705,000 after acquiring an additional 10,529 shares during the last quarter. Stephens Investment Management Group LLC raised its position in Viper Energy by 21.2% during the first quarter. Stephens Investment Management Group LLC now owns 1,552,974 shares of the oil and gas producer’s stock worth $70,117,000 after acquiring an additional 271,337 shares during the last quarter. Finally, State of Michigan Retirement System raised its position in Viper Energy by 28.7% during the first quarter. State of Michigan Retirement System now owns 31,400 shares of the oil and gas producer’s stock worth $1,418,000 after acquiring an additional 7,000 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Stock Performance

Shares of VNOM stock opened at $37.26 on Friday. Viper Energy Inc. has a one year low of $34.71 and a one year high of $56.76. The company has a debt-to-equity ratio of 0.13, a quick ratio of 6.15 and a current ratio of 6.15. The company has a 50 day moving average price of $38.16 and a 200 day moving average price of $38.99. The firm has a market capitalization of $10.75 billion, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 16.81 and a beta of 0.92.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings results on Monday, August 4th. The oil and gas producer reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Viper Energy had a net margin of 37.84% and a return on equity of 3.92%. The firm had revenue of $297.00 million during the quarter, compared to analyst estimates of $285.35 million. During the same quarter in the prior year, the business posted $0.62 earnings per share. Viper Energy’s revenue for the quarter was up 37.1% compared to the same quarter last year. Sell-side analysts anticipate that Viper Energy Inc. will post 2.02 EPS for the current year.

Viper Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.12 annualized dividend and a yield of 5.7%. Viper Energy’s dividend payout ratio is 38.15%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Mizuho cut their price objective on shares of Viper Energy from $55.00 to $51.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Viper Energy in a research report on Friday. Piper Sandler boosted their price objective on shares of Viper Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Wall Street Zen raised shares of Viper Energy from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, William Blair assumed coverage on shares of Viper Energy in a research report on Monday, August 25th. They issued an “outperform” rating for the company. Fifteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.07.

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.