Viper Energy, Inc. (NASDAQ:VNOM) Shares Sold by Atria Investments Inc

Atria Investments Inc reduced its position in Viper Energy, Inc. (NASDAQ:VNOM) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,112 shares of the oil and gas producer’s stock after selling 2,618 shares during the quarter. Atria Investments Inc’s holdings in Viper Energy were worth $1,764,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Swiss National Bank increased its stake in shares of Viper Energy by 17.3% in the 1st quarter. Swiss National Bank now owns 159,277 shares of the oil and gas producer’s stock worth $6,126,000 after acquiring an additional 23,500 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Viper Energy in the 3rd quarter worth $984,000. Sei Investments Co. increased its stake in shares of Viper Energy by 81.9% in the 1st quarter. Sei Investments Co. now owns 45,308 shares of the oil and gas producer’s stock worth $1,743,000 after acquiring an additional 20,396 shares during the last quarter. Amalgamated Bank acquired a new stake in shares of Viper Energy in the 2nd quarter worth $616,000. Finally, Vanguard Group Inc. increased its stake in shares of Viper Energy by 23.3% in the 1st quarter. Vanguard Group Inc. now owns 8,481,119 shares of the oil and gas producer’s stock worth $326,184,000 after acquiring an additional 1,603,333 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Stock Performance

Shares of Viper Energy stock opened at $50.84 on Friday. The business has a 50-day moving average of $49.45 and a 200 day moving average of $43.67. Viper Energy, Inc. has a 12 month low of $28.55 and a 12 month high of $56.08. The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of 21.82 and a beta of 1.72. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $209.59 million during the quarter, compared to analysts’ expectations of $210.54 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. Viper Energy’s revenue for the quarter was down 28.5% on a year-over-year basis. During the same period last year, the business posted $1.10 EPS. As a group, sell-side analysts forecast that Viper Energy, Inc. will post 2.07 earnings per share for the current year.

Viper Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Thursday, November 14th. Viper Energy’s payout ratio is presently 51.50%.

Analyst Ratings Changes

VNOM has been the subject of a number of recent research reports. Piper Sandler raised their target price on Viper Energy from $57.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Barclays raised their price objective on Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. TD Securities raised their price objective on Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Truist Financial raised their price objective on Viper Energy from $57.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised their price objective on Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Viper Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.25.

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.