XTX Topco Ltd Takes Position in Viper Energy Inc. $VNOM

XTX Topco Ltd bought a new position in Viper Energy Inc. (NASDAQ:VNOM) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,269 shares of the oil and gas producer’s stock, valued at approximately $506,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Viper Energy by 28.9% during the first quarter. Vanguard Group Inc. now owns 13,016,792 shares of the oil and gas producer’s stock valued at $587,708,000 after purchasing an additional 2,921,832 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Viper Energy by 21.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,996,351 shares of the oil and gas producer’s stock worth $451,336,000 after buying an additional 1,778,093 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of Viper Energy by 763.4% during the first quarter. Alyeska Investment Group L.P. now owns 1,799,642 shares of the oil and gas producer’s stock valued at $81,254,000 after acquiring an additional 1,591,212 shares in the last quarter. Wellington Management Group LLP increased its stake in Viper Energy by 12.2% during the 1st quarter. Wellington Management Group LLP now owns 11,953,910 shares of the oil and gas producer’s stock valued at $539,719,000 after purchasing an additional 1,301,933 shares in the last quarter. Finally, Burkehill Global Management LP acquired a new position in shares of Viper Energy in the 1st quarter valued at $27,090,000. Institutional investors own 87.72% of the company’s stock.

Viper Energy Price Performance

Shares of VNOM opened at $40.02 on Friday. The company has a market cap of $14.39 billion, a P/E ratio of 16.54, a PEG ratio of 18.16 and a beta of 0.48. The company has a quick ratio of 6.15, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. Viper Energy Inc. has a fifty-two week low of $34.71 and a fifty-two week high of $52.94. The firm’s 50 day moving average price is $37.40 and its 200 day moving average price is $38.34.

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 (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. The business had revenue of $418.00 million during the quarter, compared to analysts’ expectations of $389.35 million. Viper Energy had a net margin of 20.62% and a return on equity of 3.09%. The company’s revenue for the quarter was up 98.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. On average, research analysts forecast that Viper Energy Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were paid a $0.33 dividend. The ex-dividend date was Thursday, November 13th. This represents a $1.32 dividend on an annualized basis and a yield of 3.3%. Viper Energy’s payout ratio is currently 54.55%.

Analysts Set New Price Targets

Several brokerages recently weighed in on VNOM. 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 report on Monday, September 15th. KeyCorp reduced their price target on Viper Energy from $56.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. Piper Sandler reduced their price objective on shares of Viper Energy from $68.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. Roth Capital set a $50.00 target price on Viper Energy and gave the company a “buy” rating in a research report on Tuesday, August 26th. Finally, Morgan Stanley lowered their price target on shares of Viper Energy from $46.00 to $45.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 14th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Viper Energy presently has a consensus rating of “Moderate Buy” and an average target price of $54.13.

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.