Bridgewater Associates LP Buys New Shares in Viper Energy, Inc. (NASDAQ:VNOM)

Bridgewater Associates LP acquired a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 126,300 shares of the oil and gas producer's stock, valued at approximately $5,697,000. Bridgewater Associates LP owned about 0.07% of Viper Energy as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of VNOM. Massachusetts Financial Services Co. MA grew its position in Viper Energy by 12.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,085,841 shares of the oil and gas producer's stock valued at $78,282,000 after buying an additional 224,021 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Viper Energy by 2.6% during the second quarter. TD Asset Management Inc now owns 841,414 shares of the oil and gas producer's stock worth $31,578,000 after acquiring an additional 21,420 shares during the period. SIR Capital Management L.P. increased its stake in shares of Viper Energy by 26.5% during the second quarter. SIR Capital Management L.P. now owns 776,800 shares of the oil and gas producer's stock worth $29,153,000 after acquiring an additional 162,900 shares during the period. Assenagon Asset Management S.A. raised its holdings in Viper Energy by 326.0% during the second quarter. Assenagon Asset Management S.A. now owns 760,830 shares of the oil and gas producer's stock worth $28,554,000 after purchasing an additional 582,247 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Viper Energy by 11.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 625,261 shares of the oil and gas producer's stock valued at $28,206,000 after purchasing an additional 66,222 shares during the period. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Price Performance

NASDAQ VNOM traded up $0.17 during trading hours on Friday, reaching $54.11. The company's stock had a trading volume of 379,066 shares, compared to its average volume of 859,285. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The company's 50-day moving average is $51.44 and its two-hundred day moving average is $44.96. Viper Energy, Inc. has a fifty-two week low of $29.03 and a fifty-two week high of $56.76. The stock has a market cap of $10.19 billion, a PE ratio of 23.22 and a beta of 1.72.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The business had revenue of $209.59 million during the quarter, compared to analysts' expectations of $210.54 million. During the same period last year, the company posted $1.10 EPS. The company's revenue was down 28.5% on a year-over-year basis. Analysts forecast that Viper Energy, Inc. will post 2.03 EPS for the current year.

Viper Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.22%. Viper Energy's dividend payout ratio is currently 51.50%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Bank of America started coverage on Viper Energy in a research report on Tuesday. They set a "buy" rating and a $64.00 target price on the stock. Barclays increased their price objective on Viper Energy from $52.00 to $58.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Roth Mkm raised their target price on Viper Energy from $46.00 to $53.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Truist Financial upped their price target 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. Finally, TD Securities raised 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 research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to MarketBeat, Viper Energy has a consensus rating of "Moderate Buy" and a consensus target price of $55.78.

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.