Viper Energy, Inc. (NASDAQ:VNOM) Stock Position Raised by Integrated Advisors Network LLC

Integrated Advisors Network LLC lifted its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 118.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,516 shares of the oil and gas producer’s stock after acquiring an additional 36,085 shares during the quarter. Integrated Advisors Network LLC’s holdings in Viper Energy were worth $2,087,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Chilton Capital Management LLC acquired a new position in Viper Energy during the fourth quarter valued at $63,000. Parkside Financial Bank & Trust grew its position in Viper Energy by 22.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,013 shares of the oil and gas producer’s stock valued at $95,000 after purchasing an additional 547 shares in the last quarter. ORG Partners LLC increased its stake in Viper Energy by 26.7% in the 4th quarter. ORG Partners LLC now owns 3,230 shares of the oil and gas producer’s stock valued at $101,000 after buying an additional 680 shares during the period. Adalta Capital Management LLC purchased a new stake in Viper Energy in the 3rd quarter worth approximately $139,000. Finally, Naples Global Advisors LLC acquired a new stake in shares of Viper Energy during the 4th quarter valued at $226,000. 87.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on VNOM. Barclays began coverage on shares of Viper Energy in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $44.00 price target on the stock. Truist Financial upped their price target on shares of Viper Energy from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. TD Securities upped their price target on shares of Viper Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Piper Sandler upped their price target on shares of Viper Energy from $36.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Viper Energy presently has a consensus rating of “Moderate Buy” and an average target price of $41.29.

Viper Energy Stock Down 4.0 %

Viper Energy stock traded down $1.51 during mid-day trading on Friday, hitting $35.93. 644,535 shares of the company’s stock were exchanged, compared to its average volume of 613,433. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.38. The stock has a market cap of $6.35 billion, a P/E ratio of 13.21 and a beta of 1.74. Viper Energy, Inc. has a 1-year low of $24.48 and a 1-year high of $41.22. The stock has a 50 day moving average of $38.18 and a two-hundred day moving average of $35.04.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.52 EPS for the quarter, topping the consensus estimate of $0.37 by $0.15. The firm had revenue of $205.39 million for the quarter, compared to the consensus estimate of $200.63 million. Viper Energy had a net margin of 24.24% and a return on equity of 8.10%. As a group, analysts anticipate that Viper Energy, Inc. will post 1.97 EPS for the current fiscal year.

Viper Energy Increases Dividend

The firm also recently declared a None dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 15th were given a $0.59 dividend. This is an increase from Viper Energy’s previous None dividend of $0.56. This represents a dividend yield of 2.9%. The ex-dividend date was Tuesday, May 14th. Viper Energy’s dividend payout ratio (DPR) is currently 39.71%.

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.