Xponance Inc. Takes Position in Viper Energy, Inc. (NASDAQ:VNOM)

Xponance Inc. bought a new position in Viper Energy, Inc. (NASDAQ:VNOM) in the second quarter, according to its most recent filing with the SEC. The firm bought 5,995 shares of the oil and gas producer’s stock, valued at approximately $225,000.

Several other large investors also recently bought and sold shares of VNOM. Swiss National Bank lifted its stake in shares of Viper Energy by 17.3% during the first quarter. Swiss National Bank now owns 159,277 shares of the oil and gas producer’s stock worth $6,126,000 after buying an additional 23,500 shares during the period. Scout Investments Inc. purchased a new stake in Viper Energy during the 4th quarter valued at about $40,808,000. Empowered Funds LLC increased its holdings in shares of Viper Energy by 458.2% in the first quarter. Empowered Funds LLC now owns 76,032 shares of the oil and gas producer’s stock valued at $2,924,000 after purchasing an additional 62,411 shares during the period. Integrated Advisors Network LLC raised its stake in shares of Viper Energy by 118.6% in the fourth quarter. Integrated Advisors Network LLC now owns 66,516 shares of the oil and gas producer’s stock worth $2,087,000 after purchasing an additional 36,085 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Viper Energy by 81.9% in the first quarter. Sei Investments Co. now owns 45,308 shares of the oil and gas producer’s stock worth $1,743,000 after purchasing an additional 20,396 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on VNOM. Piper Sandler increased their price target on shares of Viper Energy from $44.00 to $57.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. JPMorgan Chase & Co. increased their price objective on shares of Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday. TD Securities upped 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 reduced their price objective on Viper Energy from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Monday. Finally, Evercore ISI upped 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, July 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.43.

Viper Energy Trading Up 1.2 %

Shares of Viper Energy stock opened at $46.96 on Thursday. The firm has a 50-day simple moving average of $45.36 and a two-hundred day simple moving average of $40.86. The company has a debt-to-equity ratio of 0.35, a quick ratio of 7.06 and a current ratio of 7.06. Viper Energy, Inc. has a fifty-two week low of $26.73 and a fifty-two week high of $49.37. The company has a market cap of $8.31 billion, a P/E ratio of 17.26 and a beta of 1.73.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. The company had revenue of $216.71 million during the quarter, compared to analysts’ expectations of $216.28 million. During the same quarter in the prior year, the firm posted $0.47 EPS. Viper Energy’s quarterly revenue was up 34.8% compared to the same quarter last year. As a group, equities analysts predict that Viper Energy, Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.56%. Viper Energy’s dividend payout ratio (DPR) is 44.12%.

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.