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

Bernzott Capital Advisors lessened its position in Viper Energy, Inc. (NASDAQ:VNOM) by 91.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,955 shares of the oil and gas producer’s stock after selling 129,095 shares during the period. Bernzott Capital Advisors’ holdings in Viper Energy were worth $587,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in VNOM. State Street Corp lifted its stake in shares of Viper Energy by 78.2% in the 3rd quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer’s stock worth $172,918,000 after acquiring an additional 1,682,183 shares during the period. Yaupon Capital Management LP acquired a new stake in shares of Viper Energy in the third quarter valued at about $18,044,000. Retirement Systems of Alabama acquired a new stake in shares of Viper Energy in the third quarter valued at about $12,980,000. Zimmer Partners LP lifted its stake in shares of Viper Energy by 344.0% in the third quarter. Zimmer Partners LP now owns 325,000 shares of the oil and gas producer’s stock valued at $14,661,000 after purchasing an additional 251,800 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Viper Energy by 16.0% in the third quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer’s stock valued at $76,647,000 after purchasing an additional 234,048 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VNOM. Piper Sandler reduced their price objective on shares of Viper Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Truist Financial raised their price objective on shares of Viper Energy from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Monday. KeyCorp upgraded shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price objective for the company in a research note on Friday, December 13th. Barclays raised their price objective on shares of Viper Energy from $52.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Raymond James raised their target price on shares of Viper Energy from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Viper Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Viper Energy Stock Performance

Shares of NASDAQ VNOM opened at $50.94 on Friday. The company has a market cap of $9.60 billion, a PE ratio of 21.86 and a beta of 1.73. Viper Energy, Inc. has a 12 month low of $30.21 and a 12 month high of $56.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. The company has a 50-day simple moving average of $51.27 and a 200-day simple moving average of $47.95.

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

Viper Energy Dividend Announcement

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