Jane Street Group LLC Sells 141,854 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Jane Street Group LLC lessened its stake in Viper Energy, Inc. (NASDAQ:VNOM) by 81.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 32,700 shares of the oil and gas producer’s stock after selling 141,854 shares during the period. Jane Street Group LLC’s holdings in Viper Energy were worth $1,605,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of VNOM. Principal Financial Group Inc. grew its holdings in Viper Energy by 3,200.2% during the 3rd quarter. Principal Financial Group Inc. now owns 235,307 shares of the oil and gas producer’s stock worth $10,615,000 after acquiring an additional 228,177 shares during the period. Barclays PLC grew its holdings in Viper Energy by 103.3% during the 3rd quarter. Barclays PLC now owns 43,962 shares of the oil and gas producer’s stock worth $1,982,000 after acquiring an additional 22,334 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Viper Energy during the 4th quarter worth $358,000. Rhumbline Advisers grew its holdings in shares of Viper Energy by 6.4% in the 4th quarter. Rhumbline Advisers now owns 268,297 shares of the oil and gas producer’s stock valued at $13,165,000 after buying an additional 16,172 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Viper Energy by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 10,094,960 shares of the oil and gas producer’s stock valued at $495,360,000 after buying an additional 239,404 shares during the period. Institutional investors own 87.72% of the company’s stock.

Viper Energy Price Performance

Shares of VNOM opened at $41.36 on Monday. Viper Energy, Inc. has a 1 year low of $34.71 and a 1 year high of $56.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. The company has a market capitalization of $8.81 billion, a price-to-earnings ratio of 17.75 and a beta of 1.05. The business has a 50-day moving average of $41.50 and a 200-day moving average of $46.93.

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

Viper Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VNOM. KeyCorp decreased their price target on shares of Viper Energy from $62.00 to $56.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Wells Fargo & Company cut their price objective on shares of Viper Energy from $51.00 to $48.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. The Goldman Sachs Group set a $72.00 price objective on shares of Viper Energy in a research report on Monday, March 3rd. Barclays cut their price objective on shares of Viper Energy from $60.00 to $57.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Finally, Mizuho cut their price objective on shares of Viper Energy from $56.00 to $54.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Viper Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.08.

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.