Andina Capital Management LLC Has $634,000 Stake in Viper Energy, Inc. (NASDAQ:VNOM)

Andina Capital Management LLC raised its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,924 shares of the oil and gas producer’s stock after buying an additional 312 shares during the period. Andina Capital Management LLC’s holdings in Viper Energy were worth $634,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Geneos Wealth Management Inc. acquired a new stake in shares of Viper Energy during the 4th quarter valued at $110,000. SG Americas Securities LLC raised its holdings in shares of Viper Energy by 265.6% during the 4th quarter. SG Americas Securities LLC now owns 54,940 shares of the oil and gas producer’s stock valued at $2,696,000 after purchasing an additional 39,913 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in shares of Viper Energy during the 4th quarter valued at $390,000. Assenagon Asset Management S.A. raised its holdings in shares of Viper Energy by 6.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 51,571 shares of the oil and gas producer’s stock valued at $2,531,000 after purchasing an additional 3,312 shares in the last quarter. Finally, Oak Thistle LLC bought a new position in shares of Viper Energy during the 4th quarter valued at $265,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Stock Performance

NASDAQ:VNOM opened at $47.66 on Friday. The firm’s 50-day moving average is $50.93 and its 200-day moving average is $48.40. Viper Energy, Inc. has a 52-week low of $30.56 and a 52-week high of $56.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The company has a market cap of $8.98 billion, a price-to-earnings ratio of 20.46 and a beta of 1.73.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The company had revenue of $209.59 million for the quarter, compared to the consensus estimate of $210.54 million. During the same quarter in the previous year, the firm posted $1.10 EPS. The business’s revenue was down 28.5% compared to the same quarter last year. Equities research analysts anticipate that Viper Energy, Inc. will post 2.01 earnings per share for the current year.

Viper Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders 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 annualized dividend and a dividend yield of 2.52%. Viper Energy’s dividend payout ratio (DPR) is currently 51.50%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VNOM. Roth Mkm raised their price target on shares of Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Bank of America began coverage on shares of Viper Energy in a report on Tuesday, November 26th. They set a “buy” rating and a $64.00 price target on the stock. StockNews.com upgraded shares of Viper Energy from a “sell” rating to a “hold” rating in a report on Friday, January 17th. JPMorgan Chase & Co. lifted their target price 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. Finally, Raymond James lifted their target price on shares of Viper Energy from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Viper Energy has an average rating of “Moderate Buy” and an average price target 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.