Viper Energy, Inc. (NASDAQ:VNOM) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 233.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,892 shares of the oil and gas producer’s stock after buying an additional 67,098 shares during the period. Victory Capital Management Inc.’s holdings in Viper Energy were worth $4,326,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new stake in shares of Viper Energy during the 3rd quarter worth about $984,000. Sei Investments Co. raised its holdings in 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 purchasing an additional 20,396 shares during the period. Amalgamated Bank purchased a new position in Viper Energy during the second quarter worth approximately $616,000. Vanguard Group Inc. grew its holdings in Viper Energy by 23.3% in the first quarter. Vanguard Group Inc. now owns 8,481,119 shares of the oil and gas producer’s stock valued at $326,184,000 after purchasing an additional 1,603,333 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of Viper Energy by 326.0% in the second quarter. Assenagon Asset Management S.A. now owns 760,830 shares of the oil and gas producer’s stock valued at $28,554,000 after buying an additional 582,247 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Stock Up 3.4 %

VNOM stock opened at $56.55 on Friday. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average of $50.24 and a two-hundred day moving average of $44.20. Viper Energy, Inc. has a 12 month low of $29.03 and a 12 month high of $56.63. The company has a market cap of $10.65 billion, a price-to-earnings ratio of 23.86 and a beta of 1.72.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $209.59 million during the quarter, compared to analyst estimates of $210.54 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The business’s revenue was down 28.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 earnings per share. As a group, analysts forecast that Viper Energy, Inc. will post 2.03 earnings per share for the current fiscal year.

Viper Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.12%. Viper Energy’s dividend payout ratio is presently 51.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VNOM. Barclays increased their target price on Viper Energy from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. TD Securities increased their price objective on shares of Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Truist Financial lifted their target price on shares of Viper Energy from $57.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Raymond James upped their price target on shares of Viper Energy from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, StockNews.com cut Viper Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat, Viper Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.75.

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.