Viper Energy, Inc. (NASDAQ:VNOM) Shares Sold by Bernzott Capital Advisors

Bernzott Capital Advisors decreased its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 18.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 141,050 shares of the oil and gas producer's stock after selling 31,140 shares during the quarter. Viper Energy comprises about 2.7% of Bernzott Capital Advisors' investment portfolio, making the stock its 21st biggest position. Bernzott Capital Advisors owned about 0.08% of Viper Energy worth $6,363,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in VNOM. GAMMA Investing LLC raised its position in shares of Viper Energy by 208.1% in the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer's stock worth $31,000 after buying an additional 460 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Viper Energy in the 2nd quarter worth $36,000. Plato Investment Management Ltd raised its position in 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 valued at $106,000 after purchasing an additional 1,541 shares during the period. ORG Partners LLC raised its position in Viper Energy by 962.3% in the second quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer's stock valued at $107,000 after purchasing an additional 2,550 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in Viper Energy in the third quarter valued at about $144,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Barclays raised their price objective on Viper Energy from $44.00 to $47.00 and gave the company an "overweight" rating in a research report on Tuesday, August 6th. TD Securities raised their price objective on Viper Energy from $46.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, September 12th. Piper Sandler raised their price objective on Viper Energy from $57.00 to $61.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Truist Financial raised their price objective on Viper Energy from $54.00 to $57.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. raised their price objective on Viper Energy from $41.00 to $44.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Viper Energy has a consensus rating of "Moderate Buy" and a consensus price target of $49.00.

Viper Energy Stock Down 0.4 %

Shares of NASDAQ VNOM traded down $0.18 during midday trading on Tuesday, reaching $51.18. 658,946 shares of the company's stock were exchanged, compared to its average volume of 1,097,095. Viper Energy, Inc. has a 52-week low of $27.61 and a 52-week high of $53.25. The stock has a market capitalization of $9.05 billion, a PE ratio of 17.42 and a beta of 1.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 7.06 and a current ratio of 7.06. The business's fifty day moving average price is $47.97 and its two-hundred day moving average price is $42.50.

Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.19. The business had revenue of $216.71 million during the quarter, compared to the consensus estimate of $216.28 million. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. The company's revenue for the quarter was up 34.8% compared to the same quarter last year. During the same period last year, the firm earned $0.47 earnings per share. Analysts forecast that Viper Energy, Inc. will post 2.03 EPS for the current year.

Viper Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were paid a $0.30 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.34%. Viper Energy's dividend payout ratio (DPR) is 41.10%.

About Viper Energy

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.