SG Americas Securities LLC Increases Position in Viper Energy Inc. $VNOM

SG Americas Securities LLC grew its position in shares of Viper Energy Inc. (NASDAQ:VNOM) by 2,117.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 576,294 shares of the oil and gas producer’s stock after purchasing an additional 550,301 shares during the period. SG Americas Securities LLC owned approximately 0.16% of Viper Energy worth $22,262,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of VNOM. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Viper Energy in the third quarter valued at $31,000. Ameriflex Group Inc. acquired a new position in Viper Energy during the 3rd quarter worth about $38,000. CoreCap Advisors LLC boosted its holdings in Viper Energy by 503.3% during the 3rd quarter. CoreCap Advisors LLC now owns 1,086 shares of the oil and gas producer’s stock valued at $42,000 after acquiring an additional 906 shares during the period. Parallel Advisors LLC boosted its holdings in Viper Energy by 68.3% during the 3rd quarter. Parallel Advisors LLC now owns 1,400 shares of the oil and gas producer’s stock valued at $54,000 after acquiring an additional 568 shares during the period. Finally, Bogart Wealth LLC purchased a new position in Viper Energy during the 3rd quarter valued at about $57,000. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Price Performance

Shares of NASDAQ VNOM opened at $47.82 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.72 and a quick ratio of 3.72. The company has a market cap of $17.10 billion, a price-to-earnings ratio of -207.90, a price-to-earnings-growth ratio of 1.24 and a beta of 0.48. The stock’s 50-day moving average is $43.68 and its two-hundred day moving average is $39.90. Viper Energy Inc. has a 1-year low of $34.71 and a 1-year high of $49.08.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, February 23rd. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. Viper Energy had a positive return on equity of 2.62% and a negative net margin of 4.87%.The business had revenue of $435.00 million during the quarter, compared to analysts’ expectations of $415.51 million. During the same quarter last year, the business posted $2.04 EPS. The business’s quarterly revenue was up 87.6% compared to the same quarter last year. Analysts forecast that Viper Energy Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, March 5th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.2%. This is a positive change from Viper Energy’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, March 5th. Viper Energy’s dividend payout ratio is -660.87%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Viper Energy from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. Piper Sandler raised their price objective on shares of Viper Energy from $64.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Citigroup lifted their price objective on shares of Viper Energy from $45.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Morgan Stanley cut their target price on shares of Viper Energy from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Finally, Wall Street Zen upgraded shares of Viper Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.93.

Viper Energy Company Profile

Viper Energy Partners LP is a publicly traded master limited partnership that owns and intends to acquire mineral and royalty interests in oil and natural gas properties. As a pass-through entity, Viper Energy Partners does not engage in drilling or production operations directly; instead, it generates revenues by holding overriding royalty interests, mineral fee interests and royalty fee interests. These interests entitle the partnership to receive a percentage of the proceeds from hydrocarbons produced and sold by third-party operators.

The partnership’s assets are concentrated in the Permian Basin, with a primary focus on the Delaware Basin region of West Texas and southeastern New Mexico.