Castleark Management LLC decreased its position in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 30.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,485 shares of the oil and gas producer's stock after selling 11,340 shares during the quarter. Castleark Management LLC's holdings in Viper Energy were worth $1,195,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in shares of Viper Energy by 328.5% in the third quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer's stock valued at $26,000 after purchasing an additional 450 shares during the period. GAMMA Investing LLC boosted its position in Viper Energy by 208.1% in the 3rd 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 during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Viper Energy during the second quarter valued at about $36,000. ORG Partners LLC increased its position in shares of Viper Energy by 962.3% during the second quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer's stock worth $107,000 after acquiring an additional 2,550 shares during the last quarter. Finally, Plato Investment Management Ltd lifted its stake 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. Hedge funds and other institutional investors own 87.72% of the company's stock.
Viper Energy Stock Performance
VNOM traded down $1.45 on Friday, hitting $51.01. 1,138,663 shares of the company's stock were exchanged, compared to its average volume of 719,495. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average of $52.11 and a two-hundred day moving average of $45.54. Viper Energy, Inc. has a twelve month low of $29.16 and a twelve month high of $56.76. The firm has a market cap of $9.61 billion, a PE ratio of 21.89 and a beta of 1.71.
Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $209.59 million for the quarter, compared to the consensus estimate of $210.54 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The business's revenue was down 28.5% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. On average, research analysts anticipate that Viper Energy, Inc. will post 2.02 earnings per share for the current fiscal year.
Viper Energy Dividend Announcement
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 dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, November 14th. Viper Energy's dividend payout ratio (DPR) is 51.50%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on VNOM. The Goldman Sachs Group started coverage on Viper Energy in a research note on Monday, December 2nd. They set a "buy" rating and a $70.00 price objective for the company. Truist Financial increased their target price on Viper Energy from $57.00 to $64.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Piper Sandler lifted their price target on shares of Viper Energy from $61.00 to $64.00 and gave the stock an "overweight" rating in a research note on Monday, November 18th. Barclays increased their price objective on shares of Viper Energy from $52.00 to $58.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Finally, Bank of America began coverage on shares of Viper Energy in a research report on Tuesday, November 26th. They issued a "buy" rating and a $64.00 target price for the company. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $57.90.
View Our Latest Report on Viper Energy
Viper Energy Company Profile
(
Free Report)
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.
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