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

Y Intercept Hong Kong Ltd lowered its stake in shares of Viper Energy Inc. (NASDAQ:VNOM) by 66.1% in the third quarter, according to its most recent disclosure with the SEC. The fund 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 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in VNOM. State Street Corp raised its holdings in Viper Energy by 2.9% in the 2nd quarter. State Street Corp now owns 5,197,538 shares of the oil and gas producer’s stock valued at $198,182,000 after acquiring an additional 148,503 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Viper Energy by 6.6% in the second quarter. Geode Capital Management LLC now owns 3,802,730 shares of the oil and gas producer’s stock valued at $145,021,000 after purchasing an additional 235,374 shares in the last quarter. Epoch Investment Partners Inc. lifted its position in Viper Energy by 12.4% in the second quarter. Epoch Investment Partners Inc. now owns 2,687,541 shares of the oil and gas producer’s stock worth $102,476,000 after purchasing an additional 296,749 shares during the period. Boston Partners boosted its stake in Viper Energy by 31.5% during the second quarter. Boston Partners now owns 2,243,136 shares of the oil and gas producer’s stock worth $85,337,000 after buying an additional 537,746 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC boosted its stake in Viper Energy by 6.1% during the second quarter. Horizon Kinetics Asset Management LLC now owns 1,711,181 shares of the oil and gas producer’s stock worth $65,247,000 after buying an additional 98,742 shares in the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Stock Up 1.9%

Shares of NASDAQ VNOM opened at $41.99 on Friday. Viper Energy Inc. has a 12-month low of $34.71 and a 12-month high of $52.03. The firm’s 50-day simple moving average is $38.40 and its 200 day simple moving average is $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 price-to-earnings 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 quarterly 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 business had revenue of $418.00 million for the quarter, compared to analysts’ expectations of $389.35 million. During the same period in the prior year, the firm earned $0.49 earnings per share. Viper Energy’s revenue was up 98.1% compared to the same quarter last year. On average, research analysts expect that Viper Energy Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Cuts Dividend

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

Wall Street Analyst Weigh In

VNOM has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viper Energy in a report on Wednesday, January 21st. Morgan Stanley decreased their price objective on Viper Energy from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Wall Street Zen cut Viper Energy from a “hold” rating to a “sell” rating in a report on Sunday, January 11th. Barclays decreased their price target on Viper Energy from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 21st. Finally, Piper Sandler dropped their price objective on Viper Energy from $68.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, November 18th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.