Viper Energy Inc. $VNOM Shares Sold by Requisite Capital Management LLC

Requisite Capital Management LLC lessened its holdings in shares of Viper Energy Inc. (NASDAQ:VNOM) by 33.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,492 shares of the oil and gas producer’s stock after selling 14,433 shares during the quarter. Requisite Capital Management LLC’s holdings in Viper Energy were worth $1,101,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in Viper Energy in the third quarter valued at approximately $38,000. Parallel Advisors LLC grew its position in Viper Energy by 68.3% in the third quarter. Parallel Advisors LLC now owns 1,400 shares of the oil and gas producer’s stock valued at $54,000 after acquiring an additional 568 shares in the last quarter. Fifth Third Bancorp grew its position in Viper Energy by 151.8% in the third 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. Nisa Investment Advisors LLC grew its position in Viper Energy by 256.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,794 shares of the oil and gas producer’s stock valued at $69,000 after acquiring an additional 1,291 shares in the last quarter. Finally, Colonial Trust Advisors acquired a new stake in Viper Energy in the third quarter valued at approximately $69,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Analyst Upgrades and Downgrades

VNOM has been the subject of several recent research reports. Barclays increased their price objective on shares of Viper Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Zacks Research raised shares of Viper Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. KeyCorp increased their price objective on shares of Viper Energy from $56.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Wall Street Zen raised shares of Viper Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, TD Securities increased their price objective on shares of Viper Energy from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $56.50.

Viper Energy Stock Performance

Viper Energy stock opened at $48.98 on Monday. The stock has a market cap of $17.59 billion, a P/E ratio of -153.06 and a beta of 0.42. 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 stock has a 50 day moving average of $46.64 and a 200-day moving average of $42.12. Viper Energy Inc. has a 52 week low of $35.10 and a 52 week high of $51.13.

Viper Energy (NASDAQ:VNOM) last released 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. The company had revenue of $511.00 million during the quarter, compared to analysts’ expectations of $499.82 million. Viper Energy had a positive return on equity of 2.64% and a negative net margin of 2.77%.The business’s revenue was up 108.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 EPS. On average, analysts expect that Viper Energy Inc. will post 2.43 EPS for the current fiscal year.

Viper Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Thursday, May 14th. Viper Energy’s dividend payout ratio is -475.00%.

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.