SG Americas Securities LLC Has $2.70 Million Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

SG Americas Securities LLC lifted its position in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 265.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,940 shares of the oil and gas producer's stock after purchasing an additional 39,913 shares during the period. SG Americas Securities LLC's holdings in Viper Energy were worth $2,696,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its holdings in Viper Energy by 328.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer's stock valued at $26,000 after purchasing an additional 450 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Viper Energy by 208.1% during the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer's stock worth $31,000 after buying an additional 460 shares during the period. National Bank of Canada FI grew its stake in Viper Energy by 524.8% in the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer's stock valued at $63,000 after buying an additional 1,165 shares during the last quarter. Versant Capital Management Inc bought a new position in Viper Energy in the 4th quarter valued at about $94,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Viper Energy during the third quarter worth approximately $144,000. Institutional investors and hedge funds own 87.72% of the company's stock.

Viper Energy Price Performance

Viper Energy stock traded down $0.65 during midday trading on Friday, reaching $47.66. The company's stock had a trading volume of 1,095,687 shares, compared to its average volume of 661,471. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The stock has a market cap of $8.98 billion, a PE ratio of 20.46 and a beta of 1.73. Viper Energy, Inc. has a 52 week low of $30.56 and a 52 week high of $56.76. The business has a 50-day moving average price of $50.93 and a 200-day moving average price of $48.47.

Viper Energy (NASDAQ:VNOM - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The business had revenue of $209.59 million during the quarter, compared to analysts' expectations of $210.54 million. During the same period in the prior year, the company earned $1.10 EPS. The firm's quarterly revenue was down 28.5% compared to the same quarter last year. On average, sell-side analysts predict that Viper Energy, Inc. will post 2.01 EPS for the current year.

Viper Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.52%. Viper Energy's dividend payout ratio is currently 51.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on VNOM shares. JPMorgan Chase & Co. increased their target price on Viper Energy from $43.00 to $51.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Barclays lifted their target price on Viper Energy from $52.00 to $58.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Evercore ISI upped their price target on shares of Viper Energy from $45.00 to $58.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th. StockNews.com raised shares of Viper Energy from a "sell" rating to a "hold" rating in a research report on Friday, January 17th. Finally, Bank of America started coverage on shares of Viper Energy in a report on Tuesday, November 26th. They issued a "buy" rating and a $64.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Viper Energy has a consensus rating of "Moderate Buy" and an average target price of $60.00.

Viper Energy Company 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.