Viper Energy, Inc. (NASDAQ:VNOM) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. decreased its position in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 63.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 495,030 shares of the oil and gas producer's stock after selling 864,246 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.28% of Viper Energy worth $22,331,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. increased 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 valued at $1,743,000 after purchasing an additional 20,396 shares during the period. Vanguard Group Inc. increased 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 valued at $326,184,000 after buying an additional 1,603,333 shares during the period. Axxcess Wealth Management LLC bought a new position in Viper Energy in the first quarter worth approximately $232,000. 1832 Asset Management L.P. bought a new position in Viper Energy in the first quarter worth about $4,884,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in shares of Viper Energy during the first quarter valued at about $601,000. Hedge funds and other institutional investors own 87.72% of the company's stock.

Viper Energy Stock Performance

Viper Energy stock traded up $1.86 during mid-day trading on Friday, hitting $56.55. The company had a trading volume of 883,496 shares, compared to its average volume of 824,188. 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 company has a market capitalization of $10.65 billion, a price-to-earnings ratio of 24.27 and a beta of 1.72. The company's fifty day moving average is $50.52 and its 200-day moving average is $44.33. Viper Energy, Inc. has a 12-month low of $29.03 and a 12-month high of $56.63.

Viper Energy (NASDAQ:VNOM - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, beating 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 company had revenue of $209.59 million during the quarter, compared to analysts' expectations of $210.54 million. During the same quarter in the previous year, the company earned $1.10 earnings per share. The firm's revenue for the quarter was down 28.5% on a year-over-year basis. Equities research analysts predict that Viper Energy, Inc. will post 2.03 EPS for the current year.

Viper Energy Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on VNOM. Raymond James boosted their price objective on shares of Viper Energy from $58.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday. Piper Sandler lifted their price target on Viper Energy from $61.00 to $64.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. JPMorgan Chase & Co. increased their price objective on Viper Energy from $41.00 to $44.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. Roth Mkm lifted their target price on Viper Energy from $46.00 to $53.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Finally, Truist Financial increased their price target on shares of Viper Energy from $57.00 to $64.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.