Viper Energy Inc. $VNOM Stake Cut by Requisite Capital Management LLC

Requisite Capital Management LLC cut its position in shares of Viper Energy Inc. (NASDAQ:VNOM) by 33.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 28,492 shares of the oil and gas producer’s stock after selling 14,433 shares during the period. Requisite Capital Management LLC’s holdings in Viper Energy were worth $1,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Ironsides Asset Advisors LLC lifted its stake in Viper Energy by 3.7% during the third 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. HB Wealth Management LLC lifted its stake in Viper Energy by 5.3% during the fourth quarter. HB Wealth Management LLC now owns 6,348 shares of the oil and gas producer’s stock worth $245,000 after purchasing an additional 317 shares during the last quarter. Aurora Investment Counsel lifted its stake in Viper Energy by 1.0% during the third quarter. Aurora Investment Counsel now owns 37,746 shares of the oil and gas producer’s stock worth $1,443,000 after purchasing an additional 359 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in Viper Energy by 4.6% during the third quarter. Moneta Group Investment Advisors LLC now owns 9,239 shares of the oil and gas producer’s stock worth $353,000 after purchasing an additional 409 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in Viper Energy by 0.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 128,182 shares of the oil and gas producer’s stock worth $4,952,000 after purchasing an additional 477 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VNOM. Jefferies Financial Group upgraded Viper Energy from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Monday, April 13th. Zacks Research raised Viper Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Morgan Stanley increased their target price on Viper Energy from $44.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, March 27th. KeyCorp increased their target price on Viper Energy from $56.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Finally, Barclays increased their target price on Viper Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $56.50.

Viper Energy Price Performance

Shares of NASDAQ VNOM opened at $48.98 on Monday. The firm has a market capitalization of $17.59 billion, a PE ratio of -153.06 and a beta of 0.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 6.17 and a quick ratio of 6.17. Viper Energy Inc. has a 1-year low of $35.10 and a 1-year high of $51.13. The business’s fifty day moving average price is $46.64 and its two-hundred day moving average price is $42.12.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings results on Monday, May 4th. The oil and gas producer reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.12. The company had revenue of $511.00 million for the quarter, compared to analyst estimates of $499.82 million. Viper Energy had a positive return on equity of 2.64% and a negative net margin of 2.77%.The company’s quarterly revenue was up 108.6% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. On average, research analysts expect that Viper Energy Inc. will post 2.43 EPS for the current year.

Viper Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, May 14th. Viper Energy’s dividend payout ratio (DPR) is -475.00%.

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.