Y Intercept Hong Kong Ltd Has $6.53 Million Stock Position in Viper Energy Inc. $VNOM

Y Intercept Hong Kong Ltd lessened its stake in shares of Viper Energy Inc. (NASDAQ:VNOM) by 11.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,867 shares of the oil and gas producer’s stock after selling 17,815 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Viper Energy were worth $6,525,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Mountain Lake Investment Management LLC bought a new stake in shares of Viper Energy during the third quarter valued at approximately $9,853,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of Viper Energy in the 4th quarter worth $1,543,000. Taylor Frigon Capital Management LLC acquired a new stake in Viper Energy in the 4th quarter valued at $1,637,000. K.J. Harrison & Partners Inc acquired a new stake in Viper Energy in the 4th quarter valued at $1,777,000. Finally, Aptus Capital Advisors LLC increased its stake in Viper Energy by 30.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 426,429 shares of the oil and gas producer’s stock valued at $16,298,000 after purchasing an additional 100,348 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Price Performance

VNOM opened at $40.75 on Friday. 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 has a market capitalization of $14.63 billion, a price-to-earnings ratio of -127.34 and a beta of 0.40. The firm’s fifty day moving average price is $45.68 and its two-hundred day moving average price is $43.78. Viper Energy Inc. has a 1 year low of $35.10 and a 1 year high of $51.13.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Monday, May 4th. The oil and gas producer reported $0.55 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 company had revenue of $511.00 million during the quarter, compared to the consensus estimate of $499.81 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The firm’s revenue for the quarter was up 108.6% on a year-over-year basis. As a group, analysts anticipate that Viper Energy Inc. will post 2.49 earnings per share for the current fiscal year.

Viper Energy Dividend Announcement

The company 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 3.7%. Viper Energy’s dividend payout ratio (DPR) is -475.00%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VNOM shares. Truist Financial set a $58.00 price objective on shares of Viper Energy in a report on Wednesday, May 6th. Wall Street Zen downgraded shares of Viper Energy from a “buy” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company boosted their target price on shares of Viper Energy from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Raymond James Financial upped their target price on shares of Viper Energy from $60.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, May 26th. Finally, Roth Mkm reiterated a “buy” rating and set a $54.00 price target on shares of Viper Energy in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $58.15.

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.