Cetera Investment Advisers Decreases Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Cetera Investment Advisers reduced its stake in Viper Energy, Inc. (NASDAQ:VNOM) by 1.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 35,099 shares of the oil and gas producer’s stock after selling 513 shares during the quarter. Cetera Investment Advisers’ holdings in Viper Energy were worth $1,317,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Viper Energy by 1,045.4% in the fourth 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 last quarter. B. Riley Wealth Advisors Inc. increased its holdings in Viper Energy by 139.5% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 36,100 shares of the oil and gas producer’s stock worth $1,133,000 after acquiring an additional 21,030 shares during the last quarter. True North Advisors LLC bought a new stake in Viper Energy in the 1st quarter valued at about $722,000. Requisite Capital Management LLC lifted its holdings in Viper Energy by 2.7% during the first quarter. Requisite Capital Management LLC now owns 46,672 shares of the oil and gas producer’s stock valued at $1,795,000 after purchasing an additional 1,228 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in Viper Energy during the first quarter worth about $537,000. Institutional investors own 87.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VNOM shares. Barclays upped their price target on shares of Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. lifted their price target on Viper Energy from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Truist Financial dropped their price objective on Viper Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, September 30th. TD Securities lifted their target price on Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Finally, Evercore ISI increased their price target 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 investment 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.com, Viper Energy currently has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Viper Energy Stock Performance

NASDAQ:VNOM opened at $50.29 on Wednesday. Viper Energy, Inc. has a twelve month low of $27.61 and a twelve month high of $52.32. The company has a quick ratio of 7.06, a current ratio of 7.06 and a debt-to-equity ratio of 0.35. The stock has a market cap of $8.90 billion, a P/E ratio of 17.22 and a beta of 1.73. The business’s 50-day moving average price is $46.97 and its two-hundred day moving average price is $41.70.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.19. The business had revenue of $216.71 million during the quarter, compared to analyst estimates of $216.28 million. Viper Energy had a net margin of 25.63% and a return on equity of 8.46%. Viper Energy’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 earnings per share. As a group, equities analysts predict that Viper Energy, Inc. will post 1.98 EPS for the current fiscal year.

Viper Energy Cuts Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 2.39%. Viper Energy’s payout ratio is 41.10%.

About Viper Energy

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.