American Century Companies Inc. Increases Stake in Viper Energy, Inc. (NASDAQ:VNOM)

American Century Companies Inc. grew its position in Viper Energy, Inc. (NASDAQ:VNOM) by 14.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,119 shares of the oil and gas producer’s stock after acquiring an additional 2,962 shares during the quarter. American Century Companies Inc.’s holdings in Viper Energy were worth $905,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of Viper Energy in the second quarter valued at $36,000. ORG Partners LLC raised its stake in shares of Viper Energy by 962.3% in the second quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock valued at $107,000 after acquiring an additional 2,550 shares during the period. Larson Financial Group LLC raised its stake in shares of 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 acquiring an additional 2,019 shares during the period. Sandia Investment Management LP purchased a new stake in shares of Viper Energy in the first quarter valued at $192,000. Finally, Diversify Advisory Services LLC purchased a new position in Viper Energy in the 2nd quarter worth about $203,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Analyst Ratings Changes

VNOM has been the subject of a number of research analyst reports. Piper Sandler lifted their price objective on shares of Viper Energy from $44.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Truist Financial decreased their price objective on shares of Viper Energy from $55.00 to $54.00 and set a “buy” rating for the company in a report on Monday. Barclays lifted their price objective on shares of Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Evercore ISI lifted their price objective on shares of Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, July 8th. Finally, TD Securities lifted their price objective 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. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

Viper Energy Trading Up 2.9 %

NASDAQ:VNOM opened at $46.40 on Wednesday. Viper Energy, Inc. has a one year low of $26.73 and a one year high of $49.37. The company has a debt-to-equity ratio of 0.35, a quick ratio of 7.06 and a current ratio of 7.06. The firm has a market cap of $8.21 billion, a P/E ratio of 16.58 and a beta of 1.73. The firm has a 50-day simple moving average of $45.17 and a 200-day simple moving average of $40.74.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $216.28 million. During the same quarter in the previous year, the firm earned $0.47 EPS. The company’s quarterly revenue was up 34.8% compared to the same quarter last year. Equities analysts anticipate that Viper Energy, Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Cuts Dividend

The business also recently announced 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. This represents a $1.20 annualized dividend and a yield of 2.59%. The ex-dividend date was Thursday, August 15th. Viper Energy’s dividend payout ratio is presently 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.