Requisite Capital Management LLC Lowers Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Requisite Capital Management LLC trimmed its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 3.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 42,141 shares of the oil and gas producer’s stock after selling 1,518 shares during the quarter. Viper Energy comprises about 0.4% of Requisite Capital Management LLC’s holdings, making the stock its 21st biggest holding. Requisite Capital Management LLC’s holdings in Viper Energy were worth $2,068,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VNOM. State Street Corp raised its holdings in shares of Viper Energy by 78.2% during the third quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer’s stock valued at $172,918,000 after purchasing an additional 1,682,183 shares during the last quarter. Geode Capital Management LLC grew its position in Viper Energy by 16.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer’s stock worth $76,647,000 after purchasing an additional 234,048 shares during the period. Merewether Investment Management LP raised its stake in Viper Energy by 22.9% during the 3rd quarter. Merewether Investment Management LP now owns 860,600 shares of the oil and gas producer’s stock valued at $38,822,000 after buying an additional 160,600 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Viper Energy by 11.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 625,261 shares of the oil and gas producer’s stock valued at $28,206,000 after buying an additional 66,222 shares during the period. Finally, Yaupon Capital Management LP purchased a new position in shares of Viper Energy in the 3rd quarter worth $18,044,000. 87.72% of the stock is currently owned by institutional investors.

Viper Energy Trading Down 1.3 %

VNOM stock opened at $47.66 on Friday. The firm has a fifty day moving average price of $50.93 and a 200 day moving average price of $48.40. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The firm has a market cap of $8.98 billion, a PE ratio of 20.46 and a beta of 1.73. Viper Energy, Inc. has a fifty-two week low of $30.56 and a fifty-two week 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The company had revenue of $209.59 million during the quarter, compared to the consensus estimate of $210.54 million. During the same period last year, the company earned $1.10 earnings per share. Viper Energy’s revenue was down 28.5% on a year-over-year basis. Sell-side analysts anticipate that Viper Energy, Inc. will post 2.01 earnings per share for the current fiscal year.

Viper Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.52%. The ex-dividend date was Thursday, November 14th. Viper Energy’s payout ratio is 51.50%.

Analyst Ratings Changes

VNOM has been the subject of a number of research reports. Roth Mkm upped their price objective on Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Raymond James upped their price target 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. The Goldman Sachs Group started coverage on shares of Viper Energy in a report on Monday, December 2nd. They issued a “buy” rating and a $70.00 price objective on the stock. Truist Financial upped their target price on shares of Viper Energy from $64.00 to $71.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Bank of America began coverage on shares of Viper Energy in a research report on Tuesday, November 26th. They issued a “buy” rating and a $64.00 price target on the stock. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Viper Energy Company 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.