Interval Partners LP Makes New Investment in Viper Energy, Inc. (NASDAQ:VNOM)

Interval Partners LP acquired a new stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 61,055 shares of the oil and gas producer’s stock, valued at approximately $2,291,000.

A number of other large investors also recently modified their holdings of VNOM. TD Asset Management Inc bought a new stake in Viper Energy during the fourth quarter valued at about $24,448,000. Stephens Investment Management Group LLC lifted its holdings in Viper Energy by 54.7% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,753,922 shares of the oil and gas producer’s stock worth $55,038,000 after purchasing an additional 620,470 shares in the last quarter. Capital World Investors boosted its stake in Viper Energy by 7.2% in the 4th quarter. Capital World Investors now owns 5,487,692 shares of the oil and gas producer’s stock worth $172,204,000 after purchasing an additional 369,463 shares during the period. Epoch Investment Partners Inc. boosted its stake in Viper Energy by 91.6% in the 4th 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 during the period. Finally, Westwood Holdings Group Inc. purchased a new stake in Viper Energy during the 4th quarter valued at approximately $2,264,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Barclays upped their target price on shares of Viper Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Truist Financial raised their price objective on Viper Energy from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. TD Securities increased their price target on Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Piper Sandler lifted their price objective on Viper Energy from $44.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Finally, Evercore ISI increased their target price on Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Viper Energy has a consensus rating of “Moderate Buy” and a consensus price target of $48.17.

Viper Energy Trading Up 2.8 %

Shares of VNOM stock opened at $46.92 on Tuesday. The company has a market cap of $8.30 billion, a PE ratio of 17.25 and a beta of 1.73. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 7.06. The stock’s 50 day simple moving average is $44.81 and its two-hundred day simple moving average is $40.38. Viper Energy, Inc. has a 1 year low of $26.73 and a 1 year high of $49.37.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.42 by $0.19. Viper Energy had a net margin of 25.63% and a return on equity of 8.46%. The company had revenue of $216.71 million during the quarter, compared to analyst estimates of $216.28 million. During the same period in the previous year, the firm earned $0.47 earnings per share. Viper Energy’s quarterly revenue was up 34.8% compared to the same quarter last year. Research analysts predict that Viper Energy, Inc. will post 2.06 earnings per share for the current year.

Viper Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Thursday, August 15th. Viper Energy’s dividend payout ratio (DPR) is currently 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.