Vanguard Group Inc. Increases Stock Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Vanguard Group Inc. boosted its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 1,045.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,877,786 shares of the oil and gas producer’s stock after acquiring an additional 6,277,324 shares during the period. Vanguard Group Inc. owned 3.89% of Viper Energy worth $215,825,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of VNOM. Chilton Capital Management LLC bought a new position in Viper Energy in the 4th quarter valued at $63,000. Parkside Financial Bank & Trust grew its position in Viper Energy by 22.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,013 shares of the oil and gas producer’s stock worth $95,000 after buying an additional 547 shares in the last quarter. ORG Partners LLC increased its stake in Viper Energy by 26.7% in the 4th quarter. ORG Partners LLC now owns 3,230 shares of the oil and gas producer’s stock worth $101,000 after acquiring an additional 680 shares during the last quarter. Adalta Capital Management LLC purchased a new stake in shares of Viper Energy in the 3rd quarter valued at about $139,000. Finally, Annandale Capital LLC bought a new stake in shares of Viper Energy during the 3rd quarter valued at about $202,000. Institutional investors own 87.72% of the company’s stock.

Viper Energy Stock Performance

NASDAQ VNOM opened at $38.14 on Tuesday. The company has a 50-day simple moving average of $37.58 and a two-hundred day simple moving average of $35.60. Viper Energy, Inc. has a 12-month low of $24.91 and a 12-month high of $41.22. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 14.02 and a beta of 1.74. 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 issued its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.15. Viper Energy had a return on equity of 8.10% and a net margin of 24.24%. The company had revenue of $205.39 million during the quarter, compared to analysts’ expectations of $200.63 million. On average, equities analysts forecast that Viper Energy, Inc. will post 1.97 EPS for the current year.

Viper Energy Increases Dividend

The company 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. This is a boost from Viper Energy’s previous None dividend of $0.56. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a dividend yield of 2.9%. Viper Energy’s dividend payout ratio (DPR) is currently 39.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on VNOM shares. Piper Sandler raised their target price on shares of Viper Energy from $36.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. TD Securities raised their price objective on shares of Viper Energy from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Truist Financial upped their target price on shares of Viper Energy from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Barclays assumed coverage on Viper Energy in a research report on Wednesday, April 10th. They set an “overweight” rating and a $44.00 price target on the stock. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.29.

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.