Crestline Management LP Takes Position in Viper Energy, Inc. (NASDAQ:VNOM)

Crestline Management LP purchased a new stake in Viper Energy, Inc. (NASDAQ:VNOM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,000 shares of the oil and gas producer’s stock, valued at approximately $245,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in shares of Viper Energy in the fourth quarter valued at about $25,000. Quarry LP acquired a new stake in Viper Energy during the fourth quarter worth approximately $32,000. Assetmark Inc. grew its stake in Viper Energy by 321.7% during the fourth quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 518 shares during the period. First Horizon Advisors Inc. grew its stake in Viper Energy by 43.9% during the fourth 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 during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Viper Energy during the fourth quarter worth approximately $55,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Stock Down 0.8%

Shares of NASDAQ:VNOM opened at $40.56 on Monday. The business’s 50 day simple moving average is $41.44 and its two-hundred day simple moving average is $47.26. The firm has a market cap of $8.64 billion, a P/E ratio of 17.41 and a beta of 1.05. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. Viper Energy, Inc. has a 52-week low of $34.71 and a 52-week high of $56.76.

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

Viper Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.96%. Viper Energy’s dividend payout ratio is presently 31.58%.

Analyst Ratings Changes

VNOM has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on Viper Energy from $49.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, May 7th. Raymond James set a $52.00 target price on Viper Energy in a research note on Monday, April 21st. StockNews.com cut Viper Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 7th. Truist Financial decreased their target price on Viper Energy from $78.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, Piper Sandler decreased their target price on Viper Energy from $63.00 to $62.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $56.31.

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.