Viper Energy, Inc. (NASDAQ:VNOM) Shares Sold by Bernzott Capital Advisors

Bernzott Capital Advisors cut its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 91.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,955 shares of the oil and gas producer’s stock after selling 129,095 shares during the quarter. Bernzott Capital Advisors’ holdings in Viper Energy were worth $587,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VNOM. Commonwealth Equity Services LLC lifted its holdings in Viper Energy by 33.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 18,606 shares of the oil and gas producer’s stock worth $698,000 after buying an additional 4,653 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Viper Energy during the 2nd quarter worth approximately $1,081,000. American Century Companies Inc. lifted its holdings in Viper Energy by 14.0% during the 2nd quarter. American Century Companies Inc. now owns 24,119 shares of the oil and gas producer’s stock worth $905,000 after buying an additional 2,962 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Viper Energy by 45.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 21,102 shares of the oil and gas producer’s stock valued at $792,000 after purchasing an additional 6,566 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Viper Energy by 12.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,085,841 shares of the oil and gas producer’s stock valued at $78,282,000 after purchasing an additional 224,021 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on VNOM shares. StockNews.com downgraded shares of Viper Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Truist Financial increased their price objective on shares of Viper Energy from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Monday. Roth Mkm increased their price objective on shares of Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased their price objective on shares of Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, Raymond James increased their price objective on shares of Viper Energy from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.00.

Viper Energy Stock Down 0.9 %

Shares of NASDAQ:VNOM opened at $50.94 on Friday. The stock has a market cap of $9.60 billion, a P/E ratio of 21.86 and a beta of 1.73. The firm has a fifty day moving average price of $51.27 and a 200 day moving average price of $47.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. Viper Energy, Inc. has a 1-year low of $30.21 and a 1-year high of $56.76.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $209.59 million during the quarter, compared to analysts’ expectations of $210.54 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. Viper Energy’s quarterly revenue was down 28.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 EPS. Sell-side analysts predict that Viper Energy, Inc. will post 2 EPS for the current year.

Viper Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Thursday, November 14th. Viper Energy’s dividend payout ratio is currently 51.50%.

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.