Y Intercept Hong Kong Ltd Sells 17,815 Shares of Viper Energy Inc. $VNOM

Y Intercept Hong Kong Ltd lowered its holdings in Viper Energy Inc. (NASDAQ:VNOM) by 11.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,867 shares of the oil and gas producer’s stock after selling 17,815 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Viper Energy were worth $6,525,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Capital World Investors increased its position in shares of Viper Energy by 4.0% during the 4th quarter. Capital World Investors now owns 12,916,557 shares of the oil and gas producer’s stock valued at $498,967,000 after purchasing an additional 493,203 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Viper Energy by 11.1% in the 4th quarter. Wellington Management Group LLP now owns 11,491,534 shares of the oil and gas producer’s stock worth $443,918,000 after buying an additional 1,144,863 shares during the last quarter. Oaktree Capital Management LP bought a new position in Viper Energy during the third quarter valued at about $240,215,000. Adage Capital Partners GP L.L.C. grew its position in Viper Energy by 21.9% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 5,711,539 shares of the oil and gas producer’s stock valued at $220,637,000 after buying an additional 1,024,838 shares during the period. Finally, State Street Corp increased its holdings in Viper Energy by 2.9% during the second quarter. State Street Corp now owns 5,197,538 shares of the oil and gas producer’s stock worth $198,182,000 after buying an additional 148,503 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.

Viper Energy Price Performance

Viper Energy stock opened at $40.75 on Friday. Viper Energy Inc. has a 1-year low of $35.10 and a 1-year high of $51.13. The firm has a market capitalization of $14.63 billion, a price-to-earnings ratio of -127.34 and a beta of 0.40. The company has a current ratio of 6.17, a quick ratio of 6.17 and a debt-to-equity ratio of 0.15. The firm has a 50 day simple moving average of $45.68 and a 200 day simple moving average of $43.78.

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 analysts’ consensus estimates of $0.43 by $0.12. The business had revenue of $511.00 million for the quarter, compared to analysts’ expectations of $499.81 million. Viper Energy had a negative net margin of 2.77% and a positive return on equity of 2.64%. The business’s revenue for the quarter was up 108.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 EPS. On average, analysts predict that Viper Energy Inc. will post 2.49 earnings per share for the current year.

Viper Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Thursday, May 14th. Viper Energy’s payout ratio is presently -475.00%.

Analysts Set New Price Targets

Several analysts have commented on VNOM shares. Mizuho lifted their price objective on shares of Viper Energy from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Viper Energy in a research report on Monday, April 20th. Roth Mkm restated a “buy” rating and set a $54.00 price target on shares of Viper Energy in a research note on Tuesday, May 5th. KeyCorp lifted their price target 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. Finally, Royal Bank Of Canada began coverage on Viper Energy in a research note on Friday, May 29th. They issued an “outperform” rating and a $58.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $58.15.

About Viper Energy

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.