54,826 Shares in Viper Energy, Inc. (NASDAQ:VNOM) Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC acquired a new stake in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 54,826 shares of the oil and gas producer's stock, valued at approximately $2,473,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sei Investments Co. raised its position in Viper Energy by 81.9% during the 1st quarter. Sei Investments Co. now owns 45,308 shares of the oil and gas producer's stock worth $1,743,000 after buying an additional 20,396 shares during the last quarter. Vanguard Group Inc. raised its holdings in Viper Energy by 23.3% during the first quarter. Vanguard Group Inc. now owns 8,481,119 shares of the oil and gas producer's stock worth $326,184,000 after purchasing an additional 1,603,333 shares in the last quarter. Axxcess Wealth Management LLC acquired a new stake in Viper Energy in the first quarter valued at about $232,000. 1832 Asset Management L.P. purchased a new stake in Viper Energy in the 1st quarter valued at approximately $4,884,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in Viper Energy in the 1st quarter valued at approximately $601,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

Viper Energy Price Performance

Shares of NASDAQ VNOM traded up $1.86 on Friday, hitting $56.55. The company's stock had a trading volume of 883,496 shares, compared to its average volume of 824,188. The stock has a 50 day moving average of $50.52 and a 200-day moving average of $44.38. The company has a market capitalization of $10.65 billion, a price-to-earnings ratio of 24.27 and a beta of 1.72. Viper Energy, Inc. has a 12-month low of $29.03 and a 12-month high of $56.63. 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 (NASDAQ:VNOM - Get Free Report) last posted its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.02. The firm had revenue of $209.59 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $1.10 EPS. As a group, research analysts predict that Viper Energy, Inc. will post 2.02 EPS for the current year.

Viper Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Thursday, November 14th. Viper Energy's dividend payout ratio is presently 51.50%.

Wall Street Analyst Weigh In

Several research firms have recently commented on VNOM. Truist Financial raised their price target on Viper Energy from $57.00 to $64.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. raised their target price on Viper Energy from $41.00 to $44.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. StockNews.com cut shares of Viper Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, November 5th. Roth Mkm raised their price objective on shares of Viper Energy from $46.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Finally, Piper Sandler upped their target price 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. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $54.75.

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.