SG Americas Securities LLC Purchases 214,478 Shares of Viper Energy Inc. $VNOM

SG Americas Securities LLC raised its position in Viper Energy Inc. (NASDAQ:VNOM) by 37.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 790,772 shares of the oil and gas producer’s stock after purchasing an additional 214,478 shares during the quarter. SG Americas Securities LLC’s holdings in Viper Energy were worth $37,158,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of VNOM. Los Angeles Capital Management LLC acquired a new position in shares of Viper Energy during the fourth quarter worth about $27,000. Ameriflex Group Inc. acquired a new stake in Viper Energy in the 3rd quarter valued at approximately $38,000. Parallel Advisors LLC raised its position in Viper Energy by 68.3% in the 3rd quarter. Parallel Advisors LLC now owns 1,400 shares of the oil and gas producer’s stock valued at $54,000 after buying an additional 568 shares during the last quarter. Fifth Third Bancorp lifted its stake in Viper Energy by 151.8% in the 3rd quarter. Fifth Third Bancorp now owns 1,536 shares of the oil and gas producer’s stock valued at $59,000 after acquiring an additional 926 shares in the last quarter. Finally, UMB Bank n.a. bought a new stake in Viper Energy in the 4th quarter valued at approximately $64,000. 87.72% of the stock is currently owned by institutional investors.

Viper Energy Stock Up 0.3%

Viper Energy stock opened at $43.68 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 6.17 and a quick ratio of 6.17. The company’s 50-day moving average is $46.36 and its 200-day moving average is $43.70. The firm has a market capitalization of $15.68 billion, a PE ratio of -136.50 and a beta of 0.38. Viper Energy Inc. has a fifty-two week low of $35.10 and a fifty-two week high of $51.13.

Viper Energy (NASDAQ:VNOM) last issued its earnings results on Monday, May 4th. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.12. Viper Energy had a negative net margin of 2.77% and a positive return on equity of 2.64%. The business had revenue of $511.00 million during the quarter, compared to the consensus estimate of $499.81 million. During the same period last year, the business posted $0.54 EPS. Viper Energy’s revenue was up 108.6% on a year-over-year basis. Sell-side analysts anticipate that Viper Energy Inc. will post 2.57 earnings per share for the current year.

Viper Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were paid a $0.38 dividend. The ex-dividend date was Thursday, May 14th. This represents a $1.52 annualized dividend and a yield of 3.5%. Viper Energy’s dividend payout ratio is currently -475.00%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on VNOM shares. Roth Mkm reaffirmed a “buy” rating and set a $54.00 price target on shares of Viper Energy in a research note on Tuesday, May 5th. Truist Financial set a $58.00 price objective on shares of Viper Energy in a research report on Wednesday, May 6th. KeyCorp increased their target price on shares of Viper Energy from $56.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viper Energy in a research report on Monday, April 20th. Finally, Citigroup lifted their price target on shares of Viper Energy from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.38.

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.