Viper Energy, Inc. (NASDAQ:VNOM) Holdings Lifted by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 33.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,606 shares of the oil and gas producer’s stock after acquiring an additional 4,653 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Viper Energy were worth $698,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Jump Financial LLC purchased a new position in Viper Energy during the fourth quarter valued at approximately $350,000. Dynamic Technology Lab Private Ltd raised its holdings in shares of Viper Energy by 139.5% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 19,841 shares of the oil and gas producer’s stock worth $622,000 after acquiring an additional 11,556 shares in the last quarter. Eagle Global Advisors LLC boosted its position in Viper Energy by 26.2% during the fourth quarter. Eagle Global Advisors LLC now owns 43,400 shares of the oil and gas producer’s stock valued at $1,362,000 after purchasing an additional 9,000 shares during the last quarter. TD Asset Management Inc purchased a new position in Viper Energy in the fourth quarter valued at about $24,448,000. Finally, Stephens Investment Management Group LLC increased its position in Viper Energy by 54.7% in 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 purchasing an additional 620,470 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Viper Energy Stock Up 0.9 %

VNOM stock opened at $45.45 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 7.06. The company has a 50-day moving average of $44.57 and a two-hundred day moving average of $40.19. The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of 16.71 and a beta of 1.73. Viper Energy, Inc. has a 52-week low of $26.73 and a 52-week high of $49.37.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.42 by $0.19. The company had revenue of $216.71 million for the quarter, compared to the consensus estimate of $216.28 million. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. The company’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS. As a group, equities research analysts anticipate that Viper Energy, Inc. will post 2.06 EPS for the current year.

Viper Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.64%. Viper Energy’s payout ratio is 44.12%.

Analyst Ratings Changes

Several brokerages recently commented on VNOM. Piper Sandler boosted their price target on Viper Energy from $44.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Evercore ISI boosted their target price on shares of Viper Energy from $37.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, July 8th. TD Securities raised their price target on shares of Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Truist Financial upped their price objective on shares of Viper Energy from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Barclays raised their target price on Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.17.

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.