72,161 Shares in Viper Energy, Inc. (NASDAQ:VNOM) Acquired by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. purchased a new position in shares of Viper Energy, Inc. (NASDAQ:VNOMFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 72,161 shares of the oil and gas producer’s stock, valued at approximately $2,264,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital World Investors grew its holdings in Viper Energy by 7.2% during the 4th quarter. Capital World Investors now owns 5,487,692 shares of the oil and gas producer’s stock worth $172,204,000 after acquiring an additional 369,463 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings in Viper Energy by 91.6% during the 4th quarter. Epoch Investment Partners Inc. now owns 2,505,280 shares of the oil and gas producer’s stock worth $78,616,000 after acquiring an additional 1,197,567 shares in the last quarter. Boston Partners grew its holdings in Viper Energy by 4.6% during the 4th quarter. Boston Partners now owns 1,837,651 shares of the oil and gas producer’s stock worth $57,481,000 after acquiring an additional 80,321 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in Viper Energy by 54.7% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,753,922 shares of the oil and gas producer’s stock worth $55,038,000 after acquiring an additional 620,470 shares in the last quarter. Finally, TD Asset Management Inc acquired a new position in Viper Energy during the 4th quarter worth approximately $24,448,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Truist Financial upped their target price on shares of Viper Energy from $52.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Piper Sandler upped their target price on shares of Viper Energy from $36.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Barclays assumed coverage on shares of Viper Energy in a report on Wednesday, April 10th. They issued an “overweight” rating and a $44.00 target price for the company. Finally, TD Securities upped their target price on shares of Viper Energy from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One investment 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.29.

Check Out Our Latest Analysis on VNOM

Viper Energy Stock Performance

Shares of VNOM opened at $36.41 on Monday. The company has a 50-day simple moving average of $38.28 and a 200-day simple moving average of $34.83. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $6.44 billion, a PE ratio of 13.39 and a beta of 1.75. Viper Energy, Inc. has a 52-week low of $24.48 and a 52-week high of $41.22.

Viper Energy (NASDAQ:VNOMGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.15. The business had revenue of $205.39 million during the quarter, compared to the consensus estimate of $200.63 million. Viper Energy had a net margin of 24.24% and a return on equity of 8.10%. Equities research analysts predict that Viper Energy, Inc. will post 1.97 earnings per share for the current fiscal year.

Viper Energy Increases Dividend

The firm also recently disclosed a None dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 15th were paid a $0.59 dividend. This represents a yield of 2.9%. This is a boost from Viper Energy’s previous None dividend of $0.56. The ex-dividend date of this dividend was Tuesday, May 14th. Viper Energy’s dividend payout ratio is presently 39.71%.

Viper Energy Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Viper Energy (NASDAQ:VNOM)

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