Quest Partners LLC Increases Stock Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Quest Partners LLC boosted its holdings in Viper Energy, Inc. (NASDAQ:VNOM) by 1,437.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,332 shares of the oil and gas producer’s stock after acquiring an additional 15,270 shares during the period. Quest Partners LLC’s holdings in Viper Energy were worth $737,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Sei Investments Co. grew its holdings in shares of Viper Energy by 81.9% during the first quarter. Sei Investments Co. now owns 45,308 shares of the oil and gas producer’s stock worth $1,743,000 after buying an additional 20,396 shares in the last quarter. Vanguard Group Inc. grew its stake in Viper Energy by 23.3% during the first quarter. Vanguard Group Inc. now owns 8,481,119 shares of the oil and gas producer’s stock worth $326,184,000 after buying an additional 1,603,333 shares during the period. Axxcess Wealth Management LLC purchased a new stake in Viper Energy during the first quarter worth approximately $232,000. Capital Research Global Investors raised its stake in shares of Viper Energy by 8.8% in the 1st quarter. Capital Research Global Investors now owns 1,016,927 shares of the oil and gas producer’s stock valued at $39,111,000 after acquiring an additional 82,642 shares during the period. Finally, Capital World Investors lifted its holdings in shares of Viper Energy by 16.8% during the 1st quarter. Capital World Investors now owns 6,410,968 shares of the oil and gas producer’s stock valued at $246,566,000 after acquiring an additional 923,276 shares in the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on VNOM shares. Truist Financial increased their price target on Viper Energy from $57.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. raised their target price on Viper Energy from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Raymond James upped their price target on Viper Energy from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday. Roth Mkm lifted their price objective on shares of Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, TD Securities upped their target price on shares of Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Viper Energy has an average rating of “Moderate Buy” and an average target price of $54.75.

Viper Energy Trading Up 1.2 %

NASDAQ VNOM opened at $54.65 on Friday. The company has a market capitalization of $10.30 billion, a price-to-earnings ratio of 23.46 and a beta of 1.72. 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, Inc. has a 12 month low of $29.03 and a 12 month high of $56.08. The company’s fifty day moving average price is $50.02 and its two-hundred day moving average price is $44.12.

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, topping the consensus estimate of $0.47 by $0.02. The business had revenue of $209.59 million for the quarter, compared to analysts’ expectations of $210.54 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The company’s quarterly revenue was down 28.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 earnings per share. As a group, research analysts predict that Viper Energy, Inc. will post 2.03 earnings per share for the current fiscal year.

Viper Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.20%. Viper Energy’s dividend payout ratio (DPR) is 51.50%.

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.