Viper Energy Inc. $VNOM Shares Sold by Tcfg Wealth Management LLC

Tcfg Wealth Management LLC decreased its holdings in Viper Energy Inc. (NASDAQ:VNOM) by 84.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,050 shares of the oil and gas producer’s stock after selling 33,415 shares during the quarter. Tcfg Wealth Management LLC’s holdings in Viper Energy were worth $231,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. boosted its position in Viper Energy by 4.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 6,801 shares of the oil and gas producer’s stock valued at $260,000 after buying an additional 279 shares during the period. Ironsides Asset Advisors LLC boosted its holdings in Viper Energy by 3.7% in the third quarter. Ironsides Asset Advisors LLC now owns 7,841 shares of the oil and gas producer’s stock valued at $300,000 after purchasing an additional 280 shares during the period. GAMMA Investing LLC grew its stake in Viper Energy by 16.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,354 shares of the oil and gas producer’s stock worth $90,000 after purchasing an additional 337 shares in the last quarter. Aurora Investment Counsel grew its stake in Viper Energy by 1.0% during the 3rd quarter. Aurora Investment Counsel now owns 37,746 shares of the oil and gas producer’s stock worth $1,443,000 after purchasing an additional 359 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Viper Energy by 4.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,902 shares of the oil and gas producer’s stock valued at $339,000 after purchasing an additional 376 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on VNOM. Citigroup lifted 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. Wall Street Zen upgraded shares of Viper Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings restated a “hold (c)” rating on shares of Viper Energy in a report on Wednesday, January 21st. TD Securities lifted their price objective on shares of Viper Energy from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Finally, Mizuho boosted their target price on shares of Viper Energy from $52.00 to $53.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.79.

Viper Energy Stock Performance

Shares of VNOM opened at $47.32 on Friday. The company has a market capitalization of $16.92 billion, a price-to-earnings ratio of -205.73, a price-to-earnings-growth ratio of 1.59 and a beta of 0.48. Viper Energy Inc. has a 52-week low of $34.71 and a 52-week high of $48.00. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $42.63 and a 200 day moving average price of $39.59.

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

Viper Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, March 5th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, March 5th. This represents a $1.52 annualized dividend and a yield of 3.2%. This is an increase from Viper Energy’s previous quarterly dividend of $0.33. Viper Energy’s dividend payout ratio (DPR) is -660.87%.

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.