Aventail Capital Group LP Decreases Stock Position in Viper Energy Inc. $VNOM

Aventail Capital Group LP decreased its position in Viper Energy Inc. (NASDAQ:VNOM) by 40.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 577,371 shares of the oil and gas producer’s stock after selling 384,914 shares during the quarter. Aventail Capital Group LP owned 0.16% of Viper Energy worth $22,067,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Financial Gravity Companies Inc. acquired a new position in shares of Viper Energy during the second quarter worth $27,000. Steigerwald Gordon & Koch Inc. acquired a new stake in Viper Energy during the 3rd quarter valued at $31,000. Ameriflex Group Inc. acquired a new stake in Viper Energy during the 3rd quarter valued at $38,000. CoreCap Advisors LLC increased its stake 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 worth $42,000 after buying an additional 906 shares during the period. Finally, Parallel Advisors LLC increased its stake 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 worth $54,000 after buying an additional 568 shares during the period. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Viper Energy Stock Performance

Shares of Viper Energy stock opened at $44.25 on Friday. The firm has a market cap of $15.82 billion, a PE ratio of -192.38 and a beta of 0.48. The firm’s 50-day simple moving average is $41.84 and its 200-day simple moving average is $39.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.72 and a current ratio of 3.72. Viper Energy Inc. has a 1 year low of $34.71 and a 1 year high of $48.00.

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

Viper Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, March 5th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $1.52 dividend on an annualized basis and a yield of 3.4%. This is a boost from Viper Energy’s previous quarterly dividend of $0.33. Viper Energy’s dividend payout ratio (DPR) is -660.87%.

Analyst Ratings Changes

VNOM has been the subject of a number of analyst reports. Barclays decreased their price objective on shares of Viper Energy from $60.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, January 21st. TD Securities lifted their target price on Viper Energy from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Piper Sandler boosted their price target on Viper Energy from $64.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Viper Energy in a report on Wednesday, January 21st. Finally, Citigroup raised their price objective on Viper Energy from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Viper Energy currently has an average rating of “Moderate Buy” and a consensus target price of $51.71.

About Viper Energy

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.