SG Americas Securities LLC Increases Position in Viper Energy Inc. $VNOM

SG Americas Securities LLC grew its position in Viper Energy Inc. (NASDAQ:VNOM) by 2,117.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 576,294 shares of the oil and gas producer’s stock after purchasing an additional 550,301 shares during the quarter. SG Americas Securities LLC’s holdings in Viper Energy were worth $22,262,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Viper Energy during the third quarter worth $31,000. Ameriflex Group Inc. acquired a new stake in Viper Energy in the third quarter valued at $38,000. CoreCap Advisors LLC raised its stake in Viper Energy by 503.3% in the third quarter. CoreCap Advisors LLC now owns 1,086 shares of the oil and gas producer’s stock valued at $42,000 after buying an additional 906 shares in the last quarter. Parallel Advisors LLC raised its stake 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 buying an additional 568 shares in the last quarter. Finally, Bogart Wealth LLC acquired a new stake in Viper Energy in the third quarter valued at $57,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

Viper Energy Price Performance

Shares of VNOM opened at $47.82 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.72 and a quick ratio of 3.72. Viper Energy Inc. has a 1-year low of $34.71 and a 1-year high of $49.08. The stock has a market cap of $17.10 billion, a PE ratio of -207.90, a price-to-earnings-growth ratio of 1.24 and a beta of 0.48. The firm has a fifty day moving average price of $43.68 and a 200 day moving average price of $39.90.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings data on Monday, February 23rd. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. Viper Energy had a positive return on equity of 2.62% and a negative net margin of 4.87%.The company had revenue of $435.00 million for the quarter, compared to analyst estimates of $415.51 million. During the same quarter last year, the company posted $2.04 earnings per share. The business’s quarterly revenue was up 87.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Viper Energy Inc. will post 2.02 EPS for the current year.

Viper Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, March 5th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, March 5th. This represents a $1.52 dividend on an annualized basis and a yield of 3.2%. This is a boost from Viper Energy’s previous quarterly dividend of $0.33. Viper Energy’s dividend payout ratio (DPR) is -660.87%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wall Street Zen raised Viper Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Barclays decreased their target price on Viper Energy from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, January 21st. Weiss Ratings restated a “hold (c)” rating on shares of Viper Energy in a research note on Wednesday, January 21st. Truist Financial assumed coverage on Viper Energy in a report on Tuesday. They issued a “buy” rating and a $54.00 price target for the company. Finally, Mizuho increased their price target on shares of Viper Energy from $52.00 to $53.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.93.

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.