Balyasny Asset Management L.P. Trims Position in Viper Energy, Inc. (NASDAQ:VNOM)

Balyasny Asset Management L.P. cut its position in Viper Energy, Inc. (NASDAQ:VNOM) by 50.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,767 shares of the oil and gas producer’s stock after selling 5,784 shares during the period. Balyasny Asset Management L.P.’s holdings in Viper Energy were worth $283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. lifted its holdings in Viper Energy by 43.9% in the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock worth $34,000 after purchasing an additional 214 shares in the last quarter. American Century Companies Inc. lifted its holdings in Viper Energy by 1.1% in the 4th quarter. American Century Companies Inc. now owns 25,323 shares of the oil and gas producer’s stock worth $1,243,000 after purchasing an additional 268 shares in the last quarter. Savant Capital LLC lifted its holdings in Viper Energy by 2.1% in the 4th quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer’s stock worth $706,000 after purchasing an additional 293 shares in the last quarter. Andina Capital Management LLC lifted its holdings in Viper Energy by 2.5% in the 4th quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer’s stock worth $634,000 after purchasing an additional 312 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Viper Energy by 1.7% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,743 shares of the oil and gas producer’s stock worth $1,116,000 after purchasing an additional 381 shares in the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VNOM. The Goldman Sachs Group set a $72.00 price target on Viper Energy in a report on Monday, March 3rd. Wells Fargo & Company lowered their price target on Viper Energy from $51.00 to $48.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Mizuho lowered their price target on Viper Energy from $56.00 to $54.00 and set an “outperform” rating on the stock in a report on Tuesday, May 13th. Piper Sandler decreased their price objective on Viper Energy from $62.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, May 13th. Finally, StockNews.com cut Viper Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Viper Energy has an average rating of “Moderate Buy” and a consensus price target of $56.08.

Viper Energy Trading Up 0.6%

VNOM stock opened at $41.36 on Friday. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a twelve month low of $34.71 and a twelve month high of $56.76. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of 17.75 and a beta of 1.05. The firm’s fifty day simple moving average is $41.50 and its two-hundred day simple moving average is $46.96.

Viper Energy (NASDAQ:VNOM) last issued its earnings results on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.09. The firm had revenue of $245.00 million during the quarter, compared to analyst estimates of $233.99 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. During the same period in the previous year, the firm earned $0.49 earnings per share. As a group, analysts anticipate that Viper Energy, Inc. will post 2.02 earnings per share for the current year.

Viper Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Thursday, May 15th. Viper Energy’s dividend payout ratio (DPR) is presently 31.58%.

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.