Virtu Financial LLC Makes New Investment in Viper Energy, Inc. (NASDAQ:VNOM)

Virtu Financial LLC bought a new stake in Viper Energy, Inc. (NASDAQ:VNOM) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,173 shares of the oil and gas producer’s stock, valued at approximately $233,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Viper Energy by 78.2% during the third quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer’s stock worth $172,918,000 after acquiring an additional 1,682,183 shares during the last quarter. Yaupon Capital Management LP acquired a new stake in Viper Energy during the 3rd quarter worth $18,044,000. Zimmer Partners LP boosted its stake in Viper Energy by 344.0% during the 3rd quarter. Zimmer Partners LP now owns 325,000 shares of the oil and gas producer’s stock worth $14,661,000 after purchasing an additional 251,800 shares during the period. Geode Capital Management LLC grew its position in Viper Energy by 16.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer’s stock worth $76,647,000 after purchasing an additional 234,048 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Viper Energy by 3,200.2% in the third quarter. Principal Financial Group Inc. now owns 235,307 shares of the oil and gas producer’s stock valued at $10,615,000 after purchasing an additional 228,177 shares during the period. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Viper Energy Price Performance

VNOM stock opened at $50.24 on Wednesday. The firm has a 50 day moving average of $52.45 and a 200-day moving average of $46.17. The company has a market cap of $9.47 billion, a price-to-earnings ratio of 21.56 and a beta of 1.71. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a 12-month low of $30.21 and a 12-month high of $56.76.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm had revenue of $209.59 million during the quarter, compared to analysts’ expectations of $210.54 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. Viper Energy’s revenue was down 28.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 earnings per share. As a group, equities analysts expect that Viper Energy, Inc. will post 2.01 EPS for the current fiscal year.

Viper Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.39%. Viper Energy’s dividend payout ratio is presently 51.50%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VNOM shares. Truist Financial increased their target price on shares of Viper Energy from $57.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Roth Mkm lifted their target price on Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Barclays raised their target price on shares of Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. KeyCorp upgraded shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price objective for the company in a research report on Friday, December 13th. Finally, TD Securities boosted their target price on Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.18.

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.