UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $6.54 Million Position in Viper Energy, Inc. (NASDAQ:VNOM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Viper Energy, Inc. (NASDAQ:VNOM) by 27.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,070 shares of the oil and gas producer’s stock after purchasing an additional 31,011 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.08% of Viper Energy worth $6,544,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in Viper Energy by 328.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 450 shares during the period. GAMMA Investing LLC lifted its position in shares of Viper Energy by 208.1% in the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 460 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Viper Energy in the 2nd quarter worth approximately $36,000. Plato Investment Management Ltd increased its stake in shares of Viper Energy by 119.2% in the 2nd quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock valued at $106,000 after acquiring an additional 1,541 shares in the last quarter. Finally, ORG Partners LLC increased its stake in shares of Viper Energy by 962.3% in the 2nd 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 in the last quarter. 87.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on VNOM shares. Bank of America began coverage on shares of Viper Energy in a research note on Tuesday, November 26th. They set a “buy” rating and a $64.00 price target for the company. JPMorgan Chase & Co. upped their price objective on shares of Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Barclays upped their price objective on shares of Viper Energy from $52.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. StockNews.com cut Viper Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Finally, Raymond James upped their price objective on shares of Viper Energy from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Viper Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.90.

Viper Energy Stock Performance

Shares of VNOM stock opened at $50.41 on Wednesday. The stock has a fifty day moving average of $52.23 and a 200 day moving average of $45.64. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $9.50 billion, a price-to-earnings ratio of 21.64 and a beta of 1.71. Viper Energy, Inc. has a 52 week low of $29.16 and a 52 week high of $56.76.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The firm had revenue of $209.59 million during the quarter, compared to the consensus estimate of $210.54 million. During the same period last year, the company earned $1.10 earnings per share. The company’s revenue was down 28.5% on a year-over-year basis. As a group, research analysts expect that Viper Energy, Inc. will post 2.02 earnings per share for the current year.

Viper Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 2.38%. Viper Energy’s payout ratio is 51.50%.

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.