Versant Capital Management Inc Takes $94,000 Position in Viper Energy, Inc. (NASDAQ:VNOM)

Versant Capital Management Inc bought a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,920 shares of the oil and gas producer’s stock, valued at approximately $94,000.

Several other large investors have also recently added to or reduced their stakes in the business. State Street Corp grew its stake in shares of Viper Energy by 78.2% in the third quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer’s stock worth $172,918,000 after acquiring an additional 1,682,183 shares in the last quarter. Yaupon Capital Management LP purchased a new position in Viper Energy in the third quarter valued at $18,044,000. Retirement Systems of Alabama acquired a new position in Viper Energy during the 3rd quarter worth $12,980,000. Zimmer Partners LP increased its holdings in Viper Energy by 344.0% during the 3rd quarter. Zimmer Partners LP now owns 325,000 shares of the oil and gas producer’s stock worth $14,661,000 after purchasing an additional 251,800 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Viper Energy by 16.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer’s stock worth $76,647,000 after purchasing an additional 234,048 shares during the period. 87.72% of the stock is owned by hedge funds and other institutional investors.

Viper Energy Trading Up 2.4 %

VNOM opened at $51.07 on Friday. The business’s 50 day moving average is $51.67 and its two-hundred day moving average is $47.11. Viper Energy, Inc. has a 52 week low of $30.21 and a 52 week high of $56.76. The firm has a market cap of $9.62 billion, a price-to-earnings ratio of 21.92 and a beta of 1.73. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The company had revenue of $209.59 million for the quarter, compared to analyst estimates of $210.54 million. During the same period in the previous year, the business posted $1.10 earnings per share. Viper Energy’s quarterly revenue was down 28.5% on a year-over-year basis. On average, research analysts predict that Viper Energy, Inc. will post 2.01 EPS for the current year.

Viper Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, November 14th. Viper Energy’s dividend payout ratio is presently 51.50%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Raymond James lifted their price objective on Viper Energy from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Piper Sandler lowered their price target on shares of Viper Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. KeyCorp upgraded shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price objective on the stock in a report on Friday, December 13th. Bank of America started coverage on shares of Viper Energy in a research report on Tuesday, November 26th. They set a “buy” rating and a $64.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their target price on Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Viper Energy presently has an average rating of “Moderate Buy” and an average target price of $58.18.

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.