Y Intercept Hong Kong Ltd Has $1.75 Million Position in Viper Energy Inc. $VNOM

Y Intercept Hong Kong Ltd lowered its position in shares of Viper Energy Inc. (NASDAQ:VNOM) by 66.1% in the third quarter, Holdings Channel reports. The firm owned 45,653 shares of the oil and gas producer’s stock after selling 89,095 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Viper Energy were worth $1,745,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VNOM. Financial Gravity Companies Inc. acquired a new position in shares of Viper Energy in the 2nd quarter valued at approximately $27,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Viper Energy during the 3rd quarter worth about $31,000. Assetmark Inc. boosted its position in Viper Energy by 48.7% during the second quarter. Assetmark Inc. now owns 1,068 shares of the oil and gas producer’s stock valued at $41,000 after purchasing an additional 350 shares during the last quarter. CoreCap Advisors LLC increased its position in shares of Viper Energy by 503.3% during the 3rd quarter. CoreCap Advisors LLC now owns 1,086 shares of the oil and gas producer’s stock worth $42,000 after purchasing an additional 906 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in Viper Energy by 82.5% in the second quarter. First Horizon Advisors Inc. now owns 1,181 shares of the oil and gas producer’s stock valued at $45,000 after acquiring an additional 534 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Stock Up 1.9%

VNOM stock opened at $41.99 on Friday. Viper Energy Inc. has a 52 week low of $34.71 and a 52 week high of $52.03. The business has a 50-day simple moving average of $38.40 and a 200 day simple moving average of $38.03. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The company has a market cap of $15.10 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 26.07 and a beta of 0.48.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Monday, November 3rd. The oil and gas producer reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. Viper Energy had a net margin of 20.62% and a return on equity of 3.09%. The firm had revenue of $418.00 million for the quarter, compared to analyst estimates of $389.35 million. During the same period last year, the firm earned $0.49 EPS. The business’s quarterly revenue was up 98.1% compared to the same quarter last year. Sell-side analysts anticipate that Viper Energy Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were paid a dividend of $0.33 per share. The ex-dividend date was Thursday, November 13th. This represents a $1.32 annualized dividend and a yield of 3.1%. Viper Energy’s dividend payout ratio is presently 54.55%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Morgan Stanley decreased their target price on Viper Energy from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Barclays dropped their price target on Viper Energy from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Viper Energy in a research report on Wednesday, January 21st. Mizuho lifted their target price on Viper Energy from $51.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Finally, Wells Fargo & Company upped their price target on shares of Viper Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Viper Energy has a consensus rating of “Moderate Buy” and an average target price of $53.73.

Viper Energy 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.