Fisher Asset Management LLC Sells 35,210 Shares of Viper Energy Inc. $VNOM

Fisher Asset Management LLC lessened its position in shares of Viper Energy Inc. (NASDAQ:VNOM) by 61.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 22,223 shares of the oil and gas producer’s stock after selling 35,210 shares during the period. Fisher Asset Management LLC’s holdings in Viper Energy were worth $847,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Loomis Sayles & Co. L P purchased a new position in Viper Energy in the second quarter worth $20,399,000. Virtus Investment Advisers LLC lifted its holdings in shares of Viper Energy by 33.9% during the 2nd quarter. Virtus Investment Advisers LLC now owns 4,213 shares of the oil and gas producer’s stock valued at $161,000 after purchasing an additional 1,067 shares during the last quarter. SCP Investment LP lifted its holdings in shares of Viper Energy by 56.9% during the 2nd quarter. SCP Investment LP now owns 65,600 shares of the oil and gas producer’s stock valued at $2,501,000 after purchasing an additional 23,800 shares during the last quarter. Boston Partners boosted its position in shares of Viper Energy by 31.5% in the 2nd quarter. Boston Partners now owns 2,243,136 shares of the oil and gas producer’s stock worth $85,337,000 after purchasing an additional 537,746 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co grew its stake in Viper Energy by 36.9% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 34,869 shares of the oil and gas producer’s stock worth $1,330,000 after buying an additional 9,396 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

VNOM has been the subject of a number of research analyst reports. Jefferies Financial Group initiated coverage on Viper Energy in a research note on Thursday, October 23rd. They issued a “hold” rating and a $38.00 price target for the company. Wall Street Zen lowered shares of Viper Energy from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Viper Energy in a research note on Wednesday, October 8th. Mizuho cut their price target on shares of Viper Energy from $55.00 to $51.00 and set an “outperform” rating on the stock in a research note on Monday, September 15th. Finally, Barclays raised their price target on shares of Viper Energy from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Viper Energy presently has an average rating of “Moderate Buy” and a consensus target price of $54.13.

Viper Energy Trading Up 1.6%

NASDAQ VNOM opened at $40.65 on Friday. Viper Energy Inc. has a 1 year low of $34.71 and a 1 year high of $52.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 6.15. The company has a market capitalization of $14.61 billion, a PE ratio of 16.80, a P/E/G ratio of 18.56 and a beta of 0.48. The company has a fifty day moving average of $37.42 and a 200 day moving average of $38.31.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings data on Monday, November 3rd. The oil and gas producer reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $418.00 million during the quarter, compared to analyst estimates of $389.35 million. Viper Energy had a return on equity of 3.09% and a net margin of 20.62%.The company’s revenue was up 98.1% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. Research analysts forecast that Viper Energy Inc. will post 2.02 earnings per share for the current year.

Viper Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.2%. The ex-dividend date was Thursday, November 13th. Viper Energy’s dividend payout ratio (DPR) is currently 54.55%.

About Viper Energy

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.