WINTON GROUP Ltd Has $534,000 Stock Holdings in Viper Energy Inc. $VNOM

WINTON GROUP Ltd decreased its position in shares of Viper Energy Inc. (NASDAQ:VNOM) by 91.4% during the 2nd quarter, Holdings Channel reports. The fund owned 12,600 shares of the oil and gas producer’s stock after selling 134,496 shares during the quarter. WINTON GROUP Ltd’s holdings in Viper Energy were worth $534,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Capital World Investors increased its stake in Viper Energy by 4.0% in the fourth quarter. Capital World Investors now owns 12,916,557 shares of the oil and gas producer’s stock valued at $498,967,000 after purchasing an additional 493,203 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Viper Energy by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 4,986,716 shares of the oil and gas producer’s stock worth $192,672,000 after purchasing an additional 258,082 shares in the last quarter. Bornite Capital Management LP boosted its position in shares of Viper Energy by 50.0% during the fourth quarter. Bornite Capital Management LP now owns 1,500,000 shares of the oil and gas producer’s stock worth $57,945,000 after purchasing an additional 500,000 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in shares of Viper Energy in the 4th quarter valued at $52,087,000. Finally, Stephens Investment Management Group LLC grew its holdings in shares of Viper Energy by 8.2% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,231,728 shares of the oil and gas producer’s stock valued at $57,879,000 after buying an additional 93,498 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

Analyst Ratings Changes

VNOM has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price objective on shares of Viper Energy from $49.00 to $46.00 and set an “overweight” rating for the company in a research report on Monday, June 29th. TD Cowen reiterated a “buy” rating on shares of Viper Energy in a report on Tuesday, August 4th. Wall Street Zen cut Viper Energy from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Royal Bank Of Canada initiated coverage on Viper Energy in a research report on Friday, May 29th. They set an “outperform” rating and a $58.00 price target on the stock. Finally, Johnson Rice began coverage on Viper Energy in a report on Monday, August 3rd. They set an “accumulate” rating and a $55.00 price objective on the stock. Sixteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.93.

Viper Energy Stock Up 3.0%

Shares of VNOM stock opened at $45.96 on Wednesday. The firm has a fifty day moving average of $43.77 and a 200-day moving average of $45.04. The company has a quick ratio of 6.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.16. Viper Energy Inc. has a 12-month low of $35.10 and a 12-month high of $51.13. The company has a market capitalization of $16.51 billion, a price-to-earnings ratio of 353.57 and a beta of 0.39.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. The business had revenue of $677.00 million for the quarter, compared to analyst estimates of $643.45 million. Viper Energy had a net margin of 2.89% and a return on equity of 3.43%. The firm’s quarterly revenue was up 127.9% on a year-over-year basis. During the same period last year, the business posted $0.41 earnings per share. As a group, equities research analysts predict that Viper Energy Inc. will post 2.74 earnings per share for the current fiscal year.

Viper Energy Announces Dividend

The company also recently announced a special dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 13th were issued a dividend of $0.29 per share. This represents a yield of 281.0%. The ex-dividend date was Thursday, August 13th. Viper Energy’s dividend payout ratio is 1,169.23%.

About Viper Energy

Viper Energy, Inc (NASDAQ:VNOM) is a mineral and royalty company focused on owning interests in oil and natural gas properties. Rather than drilling and operating wells directly, the company leases its mineral and royalty interests to exploration and production companies and receives a share of the revenue generated from the resulting production.

Viper’s asset portfolio is concentrated in the Permian Basin, including the Midland and Delaware sub-basins in West Texas and southeastern New Mexico.