Viper Energy, Inc. (NASDAQ:VNOM) Shares Sold by Aurora Investment Counsel

Aurora Investment Counsel cut its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 8.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,121 shares of the oil and gas producer’s stock after selling 4,505 shares during the period. Aurora Investment Counsel’s holdings in Viper Energy were worth $1,806,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Viper Energy by 1,045.4% during the 4th quarter. Vanguard Group Inc. now owns 6,877,786 shares of the oil and gas producer’s stock worth $215,825,000 after buying an additional 6,277,324 shares during the period. Wellington Management Group LLP lifted its holdings in Viper Energy by 20.0% during the fourth quarter. Wellington Management Group LLP now owns 13,490,896 shares of the oil and gas producer’s stock valued at $423,344,000 after purchasing an additional 2,246,219 shares in the last quarter. Scout Investments Inc. acquired a new stake in shares of Viper Energy in the fourth quarter valued at about $40,808,000. Epoch Investment Partners Inc. increased its stake in shares of Viper Energy by 91.6% during the fourth quarter. Epoch Investment Partners Inc. now owns 2,505,280 shares of the oil and gas producer’s stock worth $78,616,000 after purchasing an additional 1,197,567 shares in the last quarter. Finally, Capital World Investors raised its position 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 worth $246,566,000 after purchasing an additional 923,276 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on VNOM shares. TD Securities lifted their price objective on Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Truist Financial lowered their price target on Viper Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday. Piper Sandler increased their price objective on Viper Energy from $44.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Barclays raised their price objective on Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Finally, Evercore ISI upped their target price on shares of Viper Energy from $37.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, July 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Viper Energy Stock Up 0.6 %

Shares of NASDAQ:VNOM opened at $45.11 on Tuesday. Viper Energy, Inc. has a 52-week low of $26.73 and a 52-week high of $49.37. The stock has a market cap of $7.98 billion, a P/E ratio of 16.58 and a beta of 1.73. The business has a fifty day moving average of $45.17 and a two-hundred day moving average of $40.74. The company has a quick ratio of 7.06, a current ratio of 7.06 and a debt-to-equity ratio of 0.35.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.19. Viper Energy had a net margin of 25.63% and a return on equity of 8.46%. The firm had revenue of $216.71 million during the quarter, compared to analyst estimates of $216.28 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Viper Energy’s quarterly revenue was up 34.8% on a year-over-year basis. On average, research analysts expect that Viper Energy, Inc. will post 2.02 earnings per share for the current year.

Viper Energy Cuts Dividend

The company also recently declared 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 was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.66%. Viper Energy’s dividend payout ratio is currently 44.12%.

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.