Commonwealth Equity Services LLC Takes Position in Viper Energy, Inc. (NASDAQ:VNOM)

Commonwealth Equity Services LLC acquired a new stake in Viper Energy, Inc. (NASDAQ:VNOM) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 13,953 shares of the oil and gas producer’s stock, valued at approximately $537,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VNOM. Vanguard Group Inc. boosted its stake in shares of Viper Energy by 1,045.4% in the 4th quarter. Vanguard Group Inc. now owns 6,877,786 shares of the oil and gas producer’s stock valued at $215,825,000 after buying an additional 6,277,324 shares during the period. Wellington Management Group LLP boosted its stake in shares of Viper Energy by 20.0% in the 4th quarter. Wellington Management Group LLP now owns 13,490,896 shares of the oil and gas producer’s stock valued at $423,344,000 after buying an additional 2,246,219 shares during the period. Scout Investments Inc. purchased a new position in shares of Viper Energy in the 4th quarter valued at about $40,808,000. Epoch Investment Partners Inc. boosted its stake in shares of Viper Energy by 91.6% in the 4th quarter. Epoch Investment Partners Inc. now owns 2,505,280 shares of the oil and gas producer’s stock valued at $78,616,000 after buying an additional 1,197,567 shares during the period. Finally, TD Asset Management Inc purchased a new position in shares of Viper Energy in the 4th quarter valued at about $24,448,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on VNOM shares. Barclays started coverage on Viper Energy in a research note on Wednesday, April 10th. They set an “overweight” rating and a $44.00 target price for the company. Truist Financial boosted their target price on Viper Energy from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. TD Securities boosted their target price on Viper Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Piper Sandler boosted their target price on Viper Energy from $36.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, Evercore ISI boosted their target price on Viper Energy from $37.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $42.43.

Viper Energy Trading Up 1.0 %

VNOM opened at $39.98 on Friday. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 14.66 and a beta of 1.74. Viper Energy, Inc. has a 52 week low of $25.26 and a 52 week high of $41.22. The business’s 50 day moving average is $37.60 and its two-hundred day moving average is $35.95. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.38.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.52 EPS for the quarter, topping the consensus estimate of $0.37 by $0.15. The company had revenue of $205.39 million for the quarter, compared to analyst estimates of $200.63 million. Viper Energy had a return on equity of 8.10% and a net margin of 24.24%. On average, research analysts predict that Viper Energy, Inc. will post 1.97 EPS for the current year.

Viper Energy Increases Dividend

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

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.