Caitlin John LLC Sells 22,529 Shares of Viper Energy Inc. $VNOM

Caitlin John LLC decreased its position in shares of Viper Energy Inc. (NASDAQ:VNOM) by 61.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,005 shares of the oil and gas producer’s stock after selling 22,529 shares during the period. Caitlin John LLC’s holdings in Viper Energy were worth $632,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Quarry LP bought a new position in Viper Energy during the fourth quarter valued at $32,000. UMB Bank n.a. increased its position in Viper Energy by 129.0% during the first quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 414 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in Viper Energy during the first quarter valued at $34,000. AlphaQuest LLC bought a new position in Viper Energy during the first quarter valued at $41,000. Finally, Golden State Wealth Management LLC increased its position in Viper Energy by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 1,000 shares of the oil and gas producer’s stock valued at $45,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on VNOM shares. Barclays boosted their price objective on shares of Viper Energy from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Evercore ISI boosted their price objective on shares of Viper Energy from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. cut their price objective on shares of Viper Energy from $49.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 7th. Morgan Stanley initiated coverage on shares of Viper Energy in a report on Monday. They issued an “overweight” rating and a $46.00 price target on the stock. Finally, Wall Street Zen cut shares of Viper Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Fourteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $56.36.

Viper Energy Trading Up 4.9%

NASDAQ VNOM opened at $38.99 on Friday. The company’s 50-day moving average price is $38.17 and its 200-day moving average price is $41.19. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.13. The stock has a market cap of $11.25 billion, a PE ratio of 11.27, a PEG ratio of 16.55 and a beta of 0.99. Viper Energy Inc. has a 12 month low of $34.71 and a 12 month high of $56.76.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings results on Monday, August 4th. The oil and gas producer reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $297.00 million for the quarter, compared to analysts’ expectations of $285.35 million. Viper Energy had a net margin of 37.84% and a return on equity of 3.92%. The business’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. Equities research analysts forecast that Viper Energy Inc. will post 2.02 earnings per share for the current year.

Viper Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were paid a $0.53 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.12 dividend on an annualized basis and a yield of 5.4%. Viper Energy’s dividend payout ratio is 38.15%.

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.