Epoch Investment Partners Inc. Has $111.34 Million Stake in Viper Energy, Inc. (NASDAQ:VNOM)

Epoch Investment Partners Inc. reduced its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,966,800 shares of the oil and gas producer’s stock after selling 34,611 shares during the period. Epoch Investment Partners Inc. owned about 1.68% of Viper Energy worth $111,344,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC acquired a new position in Viper Energy during the 2nd quarter worth approximately $36,000. Plato Investment Management Ltd boosted its holdings in Viper Energy by 119.2% during the second quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock worth $106,000 after purchasing an additional 1,541 shares during the last quarter. ORG Partners LLC boosted its holdings in Viper Energy by 962.3% during the second quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock worth $107,000 after purchasing an additional 2,550 shares during the last quarter. Larson Financial Group LLC grew its position in Viper Energy by 94.4% in the first quarter. Larson Financial Group LLC now owns 4,158 shares of the oil and gas producer’s stock valued at $160,000 after purchasing an additional 2,019 shares in the last quarter. Finally, Sandia Investment Management LP acquired a new stake in Viper Energy in the 1st quarter valued at $192,000. 87.72% of the stock is currently owned by institutional investors.

Viper Energy Stock Up 0.5 %

VNOM stock opened at $45.66 on Friday. Viper Energy, Inc. has a 1-year low of $26.73 and a 1-year high of $49.37. The business’s 50 day simple moving average is $44.69 and its 200 day simple moving average is $40.26. The company has a current ratio of 7.06, a quick ratio of 7.06 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $8.08 billion, a PE ratio of 16.79 and a beta of 1.73.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.42 by $0.19. The firm had revenue of $216.71 million for the quarter, compared to the consensus estimate of $216.28 million. Viper Energy had a net margin of 25.63% and a return on equity of 8.46%. The company’s quarterly revenue was up 34.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 earnings per share. As a group, 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. Shareholders 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 annualized dividend and a yield of 2.63%. Viper Energy’s dividend payout ratio (DPR) is presently 44.12%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Piper Sandler increased their price objective on shares of Viper Energy from $44.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Barclays raised their price target on Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Evercore ISI upped their price objective on Viper Energy from $37.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, July 8th. TD Securities increased their price objective on Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Finally, Truist Financial boosted their target price 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.