Axxcess Wealth Management LLC Sells 248 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Axxcess Wealth Management LLC decreased its holdings in Viper Energy, Inc. (NASDAQ:VNOM) by 4.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,449 shares of the oil and gas producer’s stock after selling 248 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Viper Energy were worth $246,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of VNOM. Farther Finance Advisors LLC increased its stake in shares of Viper Energy by 328.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 450 shares during the period. GAMMA Investing LLC grew its stake in shares of Viper Energy by 208.1% during the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 460 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Viper Energy during the second quarter worth $36,000. Plato Investment Management Ltd grew its stake in shares of Viper Energy by 119.2% during the second quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock worth $106,000 after purchasing an additional 1,541 shares during the period. Finally, ORG Partners LLC grew its stake in shares of Viper Energy by 962.3% during the second quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock worth $107,000 after purchasing an additional 2,550 shares during the period. Institutional investors own 87.72% of the company’s stock.

Analyst Ratings Changes

VNOM has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. TD Securities lifted their price objective on Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Truist Financial lifted their price objective on Viper Energy from $57.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Roth Mkm lifted their price objective on Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Piper Sandler lifted their target price on Viper Energy from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Viper Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.25.

Viper Energy Stock Performance

Shares of Viper Energy stock opened at $51.36 on Friday. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 22.55 and a beta of 1.72. The stock’s 50-day moving average is $49.35 and its 200-day moving average is $43.62. Viper Energy, Inc. has a one year low of $28.55 and a one year high of $56.08. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $209.59 million for the quarter, compared to analyst estimates of $210.54 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The company’s quarterly revenue was down 28.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 earnings per share. Equities analysts predict that Viper Energy, Inc. will post 2.07 earnings per share for the current fiscal year.

Viper Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.34%. Viper Energy’s dividend payout ratio (DPR) is 51.50%.

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.