Aventail Capital Group LP Sells 444,431 Shares of Viper Energy Inc. $VNOM

Aventail Capital Group LP lowered its holdings in shares of Viper Energy Inc. (NASDAQ:VNOM) by 77.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 132,940 shares of the oil and gas producer’s stock after selling 444,431 shares during the quarter. Aventail Capital Group LP’s holdings in Viper Energy were worth $5,135,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of VNOM. Los Angeles Capital Management LLC bought a new position in Viper Energy during the fourth quarter valued at $27,000. Ameriflex Group Inc. bought a new position in Viper Energy during the third quarter valued at $38,000. Parallel Advisors LLC lifted its position in Viper Energy by 68.3% during the third quarter. Parallel Advisors LLC now owns 1,400 shares of the oil and gas producer’s stock valued at $54,000 after purchasing an additional 568 shares during the last quarter. Fifth Third Bancorp lifted its position in Viper Energy by 151.8% during the third quarter. Fifth Third Bancorp now owns 1,536 shares of the oil and gas producer’s stock valued at $59,000 after purchasing an additional 926 shares during the last quarter. Finally, UMB Bank n.a. bought a new position in Viper Energy during the fourth quarter valued at $64,000. Institutional investors own 87.72% of the company’s stock.

Viper Energy Trading Down 0.2%

VNOM stock opened at $43.36 on Thursday. The company has a market capitalization of $15.57 billion, a PE ratio of -135.50 and a beta of 0.38. Viper Energy Inc. has a 12 month low of $35.10 and a 12 month high of $51.13. The firm’s 50-day moving average is $46.54 and its 200 day moving average is $43.55. The company has a debt-to-equity ratio of 0.15, a current ratio of 6.17 and a quick ratio of 6.17.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Monday, May 4th. The oil and gas producer reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.12. The business had revenue of $511.00 million for the quarter, compared to the consensus estimate of $499.82 million. Viper Energy had a negative net margin of 2.77% and a positive return on equity of 2.64%. The company’s revenue for the quarter was up 108.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. On average, research analysts anticipate that Viper Energy Inc. will post 2.57 EPS for the current year.

Viper Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.52 dividend on an annualized basis and a yield of 3.5%. Viper Energy’s dividend payout ratio (DPR) is -475.00%.

Analyst Ratings Changes

VNOM has been the subject of several research reports. 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. Barclays raised their target price on shares of Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Piper Sandler raised their target price on shares of Viper Energy from $64.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Zacks Research lowered shares of Viper Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Finally, Roth Mkm restated a “buy” rating and issued a $54.00 target price on shares of Viper Energy in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $58.38.

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.