Montchanin Asset Management LLC Makes New Investment in Viper Energy, Inc. (NASDAQ:VNOM)

Montchanin Asset Management LLC bought a new stake in Viper Energy, Inc. (NASDAQ:VNOM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,970 shares of the oil and gas producer’s stock, valued at approximately $576,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Viper Energy by 13.4% during the third quarter. Vanguard Group Inc. now owns 600,462 shares of the oil and gas producer’s stock worth $16,741,000 after purchasing an additional 70,815 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Viper Energy by 4.4% in the 4th quarter. Arizona State Retirement System now owns 19,266 shares of the oil and gas producer’s stock worth $605,000 after buying an additional 812 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Viper Energy by 3,073.2% in the fourth quarter. International Assets Investment Management LLC now owns 63,655 shares of the oil and gas producer’s stock valued at $2,029,000 after acquiring an additional 61,649 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Viper Energy by 123.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 544,626 shares of the oil and gas producer’s stock valued at $17,090,000 after acquiring an additional 301,288 shares during the last quarter. Finally, ORG Partners LLC lifted its holdings in Viper Energy by 26.7% during the fourth quarter. ORG Partners LLC now owns 3,230 shares of the oil and gas producer’s stock worth $101,000 after acquiring an additional 680 shares during the period. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Viper Energy Stock Performance

Shares of NASDAQ:VNOM traded down $0.75 during trading on Thursday, hitting $41.92. 838,365 shares of the company were exchanged, compared to its average volume of 942,154. Viper Energy, Inc. has a 52-week low of $26.71 and a 52-week high of $43.29. The stock has a 50 day moving average of $38.95 and a 200 day moving average of $37.06. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.46 and a quick ratio of 3.46. The company has a market cap of $7.41 billion, a PE ratio of 15.41 and a beta of 1.74.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.15. The business had revenue of $205.39 million for the quarter, compared to analysts’ expectations of $200.63 million. Viper Energy had a return on equity of 8.10% and a net margin of 24.24%. As a group, equities research analysts predict that Viper Energy, Inc. will post 1.95 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VNOM shares. Barclays began coverage on Viper Energy in a research report on Wednesday, April 10th. They set an “overweight” rating and a $44.00 target price for the company. Truist Financial lifted their price objective on shares of Viper Energy from $53.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Piper Sandler raised their price target on shares of Viper Energy from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Evercore ISI upped their price objective on Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, July 8th. Finally, TD Securities raised their target price on Viper Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.71.

Viper Energy Company 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.