Viper Energy, Inc. (NASDAQ:VNOM) Stock Position Lifted by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 13.4% during the third quarter, HoldingsChannel.com reports. The firm owned 600,462 shares of the oil and gas producer’s stock after acquiring an additional 70,815 shares during the period. Vanguard Group Inc.’s holdings in Viper Energy were worth $16,741,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in Viper Energy by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,827,514 shares of the oil and gas producer’s stock worth $50,951,000 after acquiring an additional 21,977 shares in the last quarter. Morgan Stanley grew its position in Viper Energy by 2.5% in the fourth quarter. Morgan Stanley now owns 1,418,230 shares of the oil and gas producer’s stock worth $45,086,000 after acquiring an additional 34,625 shares in the last quarter. Stephens Investment Management Group LLC grew its position in Viper Energy by 4.1% in the second quarter. Stephens Investment Management Group LLC now owns 1,127,070 shares of the oil and gas producer’s stock worth $30,239,000 after acquiring an additional 44,291 shares in the last quarter. Millennium Management LLC grew its position in Viper Energy by 10.1% in the second quarter. Millennium Management LLC now owns 937,911 shares of the oil and gas producer’s stock worth $25,023,000 after acquiring an additional 85,918 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Viper Energy by 273.6% in the first quarter. Bank of America Corp DE now owns 560,143 shares of the oil and gas producer’s stock worth $15,684,000 after acquiring an additional 410,198 shares in the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on VNOM. Truist Financial boosted their target price 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 decreased their target price 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. Barclays assumed coverage on shares of Viper Energy in a report on Wednesday, April 10th. They set an “overweight” rating and a $44.00 price objective for the company. Raymond James decreased their price objective on shares of Viper Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. Finally, StockNews.com downgraded shares of Viper Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.50.

Viper Energy Price Performance

NASDAQ:VNOM opened at $40.40 on Monday. The stock has a market cap of $7.14 billion, a P/E ratio of 14.96 and a beta of 1.79. Viper Energy, Inc. has a one year low of $24.48 and a one year high of $41.22. The company has a fifty day moving average price of $36.30 and a 200 day moving average price of $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 released its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.47 by $0.20. The firm had revenue of $204.70 million during 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 quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 EPS. Analysts anticipate that Viper Energy, Inc. will post 1.7 earnings per share for the current year.

Viper Energy Increases Dividend

The firm also recently disclosed a None dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, March 5th were paid a $0.56 dividend. This is a boost from Viper Energy’s previous None dividend of $0.09. The ex-dividend date of this dividend was Monday, March 4th. This represents a dividend yield of 3%. Viper Energy’s dividend payout ratio 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.