International Assets Investment Management LLC Increases Position in Viper Energy, Inc. (NASDAQ:VNOM)

International Assets Investment Management LLC lifted its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 3,073.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,655 shares of the oil and gas producer’s stock after acquiring an additional 61,649 shares during the quarter. International Assets Investment Management LLC’s holdings in Viper Energy were worth $2,029,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Massachusetts Financial Services Co. MA increased its position in shares of Viper Energy by 1.2% during 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 during the last quarter. Morgan Stanley increased its position in shares of Viper Energy by 2.5% during 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 during the last quarter. Stephens Investment Management Group LLC increased its position in shares of Viper Energy by 4.1% during 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 during the last quarter. Millennium Management LLC increased its position in shares of Viper Energy by 10.1% during 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 during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Viper Energy by 13.4% during the third quarter. Vanguard Group Inc. now owns 600,462 shares of the oil and gas producer’s stock worth $16,741,000 after acquiring an additional 70,815 shares during the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Viper Energy Stock Performance

Shares of VNOM stock opened at $39.04 on Friday. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average of $37.07 and a two-hundred day moving average of $32.58. Viper Energy, Inc. has a 52 week low of $24.48 and a 52 week high of $41.22. The company has a market cap of $6.90 billion, a P/E ratio of 14.46 and a beta of 1.79.

Viper Energy (NASDAQ:VNOM) last issued its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 EPS for the quarter, beating 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 company had revenue of $204.70 million during the quarter, compared to the consensus estimate of $204.61 million. During the same period in the previous year, the firm posted $0.28 earnings per share. Viper Energy’s quarterly revenue was up .5% compared to the same quarter last year. As a group, analysts anticipate that Viper Energy, Inc. will post 1.72 EPS for the current year.

Viper Energy Increases Dividend

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

Analyst Ratings Changes

VNOM has been the topic of a number of analyst reports. Piper Sandler lifted their target price on Viper Energy from $36.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday. Raymond James lowered their price objective on Viper Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. Barclays began coverage on Viper Energy in a report on Wednesday, April 10th. They issued an “overweight” rating and a $44.00 price objective for the company. StockNews.com lowered Viper Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, Truist Financial boosted their price objective on Viper Energy from $47.00 to $52.00 and gave the company a “buy” rating in a report on Friday, April 5th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Viper Energy presently has an average rating of “Moderate Buy” and a consensus target price of $40.50.

Viper Energy 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.