Viper Energy, Inc. (NASDAQ:VNOM) Shares Bought by ORG Partners LLC

ORG Partners LLC raised its holdings in Viper Energy, Inc. (NASDAQ:VNOM) by 26.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,230 shares of the oil and gas producer’s stock after acquiring an additional 680 shares during the period. ORG Partners LLC’s holdings in Viper Energy were worth $101,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC acquired a new stake in Viper Energy in the 1st quarter valued at about $31,000. State of Wyoming acquired a new stake in Viper Energy during the 4th quarter worth about $57,000. Chilton Capital Management LLC acquired a new stake in Viper Energy during the 4th quarter worth about $63,000. International Assets Investment Management LLC acquired a new stake in Viper Energy during the 3rd quarter worth about $57,000. Finally, Sunbelt Securities Inc. acquired a new stake in Viper Energy during the 1st quarter worth about $98,000. 87.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on VNOM shares. Barclays started coverage on Viper Energy in a report on Wednesday, April 10th. They set an “overweight” rating and a $44.00 price objective on the stock. StockNews.com downgraded Viper Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Piper Sandler cut their price objective on Viper Energy from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, January 24th. Raymond James cut their price objective on Viper Energy from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Wednesday, January 24th. Finally, Truist Financial upped their target price on Viper Energy from $47.00 to $52.00 and gave the company a “buy” rating in a report on Friday, April 5th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Viper Energy has an average rating of “Moderate Buy” and an average price target of $39.50.

Viper Energy Price Performance

Shares of VNOM opened at $40.40 on Monday. The company 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 fifty-two week low of $24.48 and a fifty-two week high of $41.22. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.32 and a quick ratio of 4.32. The business’s 50-day moving average is $36.30 and its 200-day moving average is $32.25.

Viper Energy (NASDAQ:VNOM) last released 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. Viper Energy had a return on equity of 8.29% and a net margin of 24.17%. The firm had revenue of $204.70 million for the quarter, compared to the consensus estimate of $204.61 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. Equities research analysts expect that Viper Energy, Inc. will post 1.7 EPS for the current fiscal year.

Viper Energy Increases Dividend

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

About Viper Energy

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.