Caitlin John LLC Increases Stock Position in Viper Energy, Inc. (NASDAQ:VNOM)

Caitlin John LLC boosted its holdings in Viper Energy, Inc. (NASDAQ:VNOM) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,534 shares of the oil and gas producer’s stock after acquiring an additional 1,162 shares during the quarter. Viper Energy accounts for approximately 1.2% of Caitlin John LLC’s holdings, making the stock its 27th largest position. Caitlin John LLC’s holdings in Viper Energy were worth $1,793,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. FMR LLC raised its holdings in shares of Viper Energy by 4,836.9% during the third quarter. FMR LLC now owns 74,596 shares of the oil and gas producer’s stock valued at $3,365,000 after purchasing an additional 73,085 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Viper Energy in the 3rd quarter worth approximately $984,000. Geode Capital Management LLC raised its stake in Viper Energy by 16.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer’s stock valued at $76,647,000 after buying an additional 234,048 shares during the last quarter. Summit Global Investments bought a new position in shares of Viper Energy during the 3rd quarter valued at $706,000. Finally, Retirement Systems of Alabama purchased a new position in shares of Viper Energy in the 3rd quarter worth $12,980,000. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on VNOM shares. KeyCorp upgraded Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price objective for the company in a research report on Friday, December 13th. Roth Mkm upped their price target on shares of Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price objective on shares of Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Bank of America initiated coverage on shares of Viper Energy in a research report on Tuesday, November 26th. They set a “buy” rating and a $64.00 target price for the company. Finally, Evercore ISI increased their price target on shares of Viper Energy from $45.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.55.

Viper Energy Stock Performance

VNOM opened at $50.01 on Thursday. The company has a 50 day simple moving average of $49.93 and a two-hundred day simple moving average of $48.82. 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 firm has a market cap of $9.42 billion, a P/E ratio of 21.46 and a beta of 1.71. Viper Energy, Inc. has a 1-year low of $31.18 and a 1-year high of $56.76.

Viper Energy (NASDAQ:VNOM) last issued its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $209.59 million during the quarter, compared to the consensus estimate of $210.54 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. Viper Energy’s quarterly revenue was down 28.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. Equities analysts forecast that Viper Energy, Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th will be paid a $0.65 dividend. This is a positive change from Viper Energy’s previous dividend of $0.22. The ex-dividend date is Thursday, March 6th. Viper Energy’s dividend payout ratio is 51.50%.

Viper Energy 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.