Viper Energy, Inc. (NASDAQ:VNOM) Shares Bought by ORG Partners LLC

ORG Partners LLC increased its stake in Viper Energy, Inc. (NASDAQ:VNOM) by 962.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,815 shares of the oil and gas producer’s stock after acquiring an additional 2,550 shares during the period. ORG Partners LLC’s holdings in Viper Energy were worth $107,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of VNOM. Andina Capital Management LLC grew its holdings in shares of Viper Energy by 23.0% during the second quarter. Andina Capital Management LLC now owns 12,153 shares of the oil and gas producer’s stock worth $456,000 after purchasing an additional 2,271 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in shares of Viper Energy during the 2nd quarter worth approximately $203,000. SG Americas Securities LLC raised its position in shares of Viper Energy by 627.6% during the 2nd quarter. SG Americas Securities LLC now owns 78,413 shares of the oil and gas producer’s stock worth $2,943,000 after purchasing an additional 67,636 shares during the last quarter. Aurora Investment Counsel raised its position in shares of Viper Energy by 1.5% during the 1st quarter. Aurora Investment Counsel now owns 52,626 shares of the oil and gas producer’s stock worth $2,024,000 after purchasing an additional 757 shares during the last quarter. Finally, Montchanin Asset Management LLC purchased a new stake in Viper Energy in the 1st quarter worth approximately $576,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Stock Performance

VNOM traded up $0.45 on Thursday, reaching $47.28. The company had a trading volume of 94,067 shares, compared to its average volume of 947,642. Viper Energy, Inc. has a fifty-two week low of $26.71 and a fifty-two week high of $47.37. The stock has a market cap of $8.36 billion, a P/E ratio of 17.22 and a beta of 1.74. The company’s fifty day moving average is $40.14 and its 200 day moving average is $37.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 7.06 and a current ratio of 7.06.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.19. The business had revenue of $216.71 million for the quarter, compared to analyst estimates of $216.28 million. Viper Energy had a net margin of 25.63% and a return on equity of 8.46%. The firm’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. As a group, analysts predict that Viper Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Viper Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Thursday, August 15th. Viper Energy’s dividend payout ratio is presently 44.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Evercore ISI boosted their price objective on shares of Viper Energy from $37.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, July 8th. TD Securities boosted their price objective on shares of Viper Energy from $43.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Barclays increased their price objective on shares of Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Piper Sandler increased their target price on shares of Viper Energy from $44.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Truist Financial upped their target price on Viper Energy from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.71.

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.