GAMMA Investing LLC Has $31,000 Stake in Viper Energy, Inc. (NASDAQ:VNOM)

GAMMA Investing LLC boosted its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 208.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 681 shares of the oil and gas producer’s stock after acquiring an additional 460 shares during the quarter. GAMMA Investing LLC’s holdings in Viper Energy were worth $31,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System lifted its holdings in Viper Energy by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 22,600 shares of the oil and gas producer’s stock valued at $848,000 after purchasing an additional 453 shares during the last quarter. Truist Financial Corp raised its stake in shares of Viper Energy by 4.5% in the second quarter. Truist Financial Corp now owns 11,230 shares of the oil and gas producer’s stock valued at $421,000 after acquiring an additional 488 shares during the last quarter. Aurora Investment Counsel boosted its holdings in shares of Viper Energy by 1.5% in the 1st quarter. Aurora Investment Counsel now owns 52,626 shares of the oil and gas producer’s stock worth $2,024,000 after acquiring an additional 757 shares in the last quarter. Naples Global Advisors LLC boosted its holdings in shares of Viper Energy by 12.5% in the 2nd quarter. Naples Global Advisors LLC now owns 7,190 shares of the oil and gas producer’s stock worth $270,000 after acquiring an additional 800 shares in the last quarter. Finally, Adalta Capital Management LLC grew its position in Viper Energy by 13.9% during the 1st quarter. Adalta Capital Management LLC now owns 7,405 shares of the oil and gas producer’s stock worth $285,000 after acquiring an additional 905 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Evercore ISI boosted 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. JPMorgan Chase & Co. increased their price objective on shares of Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Piper Sandler boosted their target price on shares of Viper Energy from $57.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday. TD Securities upped their target price on shares of Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Finally, Barclays raised their price target 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. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $48.63.

Viper Energy Price Performance

Shares of VNOM stock opened at $51.29 on Friday. The firm’s 50 day moving average price is $47.36 and its two-hundred day moving average price is $41.93. The company has a debt-to-equity ratio of 0.35, a quick ratio of 7.06 and a current ratio of 7.06. Viper Energy, Inc. has a 52-week low of $27.61 and a 52-week high of $52.32. The stock has a market cap of $9.07 billion, a PE ratio of 17.57 and a beta of 1.73.

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

Viper Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders 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 dividend yield of 2.34%. Viper Energy’s payout ratio is currently 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.