Allspring Global Investments Holdings LLC Grows Stock Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Allspring Global Investments Holdings LLC raised its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 123.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 544,626 shares of the oil and gas producer’s stock after buying an additional 301,288 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Viper Energy were worth $17,090,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Barclays PLC purchased a new position in shares of Viper Energy in the 1st quarter valued at approximately $31,000. Chilton Capital Management LLC purchased a new position in shares of Viper Energy in the 1st quarter valued at approximately $56,000. International Assets Investment Management LLC purchased a new position in shares of Viper Energy in the 3rd quarter valued at approximately $57,000. State of Wyoming purchased a new position in shares of Viper Energy in the 4th quarter valued at approximately $57,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of Viper Energy in the 1st quarter valued at approximately $98,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com lowered shares of Viper Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Raymond James reduced their price target on shares of Viper Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Wednesday, January 24th. Truist Financial raised their price target on shares of Viper Energy from $47.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Piper Sandler reduced their price target on shares of Viper Energy from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, January 24th. Finally, Barclays started coverage on shares of Viper Energy in a research report on Wednesday, April 10th. They set an “overweight” rating and a $44.00 price target for the company. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Viper Energy presently has an average rating of “Moderate Buy” and a consensus price target of $39.50.

Viper Energy Price Performance

Shares of NASDAQ VNOM opened at $40.40 on Monday. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 14.96 and a beta of 1.79. Viper Energy, Inc. has a 12 month low of $24.48 and a 12 month high of $41.22. The firm’s 50 day simple moving average is $36.30 and its 200-day simple moving average is $32.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.32 and a quick ratio of 4.32.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings data on Tuesday, February 20th. The oil and gas producer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.20. The business had revenue of $204.70 million for the quarter, compared to analysts’ expectations of $204.61 million. Viper Energy had a net margin of 24.17% and a return on equity of 8.29%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the company earned $0.28 EPS. Analysts expect that Viper Energy, Inc. will post 1.7 EPS for the current year.

Viper Energy Increases Dividend

The business also recently declared a None dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, March 5th were paid a $0.56 dividend. The ex-dividend date was Monday, March 4th. This represents a yield of 3%. This is a boost from Viper Energy’s previous None dividend of $0.09. Viper Energy’s dividend payout ratio (DPR) is currently 40.00%.

Viper Energy Company Profile

Viper Energy, Inc owns and acquires mineral and royalty interests in oil and natural gas properties in the Permian Basin, North America. Viper Energy Partners GP LLC operates as the general partner of the company. The company was formerly known as Viper Energy Partners LP and changed its name to Viper Energy, Inc in November 2023.