Quantbot Technologies LP Boosts Stake in Viper Energy, Inc. (NASDAQ:VNOM)

Quantbot Technologies LP raised its position in Viper Energy, Inc. (NASDAQ:VNOM) by 30.8% during the third quarter, HoldingsChannel.com reports. The firm owned 50,864 shares of the oil and gas producer’s stock after buying an additional 11,985 shares during the quarter. Quantbot Technologies LP’s holdings in Viper Energy were worth $2,294,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in Viper Energy by 328.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 450 shares in the last quarter. GAMMA Investing LLC lifted its position in Viper Energy by 208.1% during the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 460 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Viper Energy during the second quarter worth approximately $36,000. Plato Investment Management Ltd increased its position in shares of Viper Energy by 119.2% in the second quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock worth $106,000 after acquiring an additional 1,541 shares in the last quarter. Finally, ORG Partners LLC raised its stake in shares of Viper Energy by 962.3% in the 2nd quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock valued at $107,000 after acquiring an additional 2,550 shares during the period. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VNOM. Piper Sandler upped their price target on shares of Viper Energy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Raymond James upped their target price on Viper Energy from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Truist Financial raised their target price on Viper Energy from $57.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Barclays upped their price target on Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, TD Securities lifted their price objective on shares of Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $55.78.

Viper Energy Trading Down 0.6 %

VNOM opened at $53.94 on Friday. The stock has a market capitalization of $10.16 billion, a PE ratio of 23.15 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, Inc. has a 12-month low of $29.03 and a 12-month high of $56.76. The firm’s fifty day moving average price is $51.27 and its 200 day moving average price is $44.79.

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

Viper Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.22%. Viper Energy’s dividend payout ratio (DPR) is 51.50%.

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.