Viper Energy, Inc. (NASDAQ:VNOM) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its holdings in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 7,251.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,454 shares of the oil and gas producer's stock after purchasing an additional 70,482 shares during the quarter. International Assets Investment Management LLC's holdings in Viper Energy were worth $3,223,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Swiss National Bank grew its stake in shares of Viper Energy by 17.3% during the 1st quarter. Swiss National Bank now owns 159,277 shares of the oil and gas producer's stock worth $6,126,000 after acquiring an additional 23,500 shares during the period. Empowered Funds LLC grew its holdings in shares of Viper Energy by 458.2% during the 1st quarter. Empowered Funds LLC now owns 76,032 shares of the oil and gas producer's stock valued at $2,924,000 after purchasing an additional 62,411 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Viper Energy by 81.9% in 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 acquiring an additional 20,396 shares during the last quarter. Amalgamated Bank purchased a new stake in shares of Viper Energy during the second quarter valued at approximately $616,000. Finally, Vanguard Group Inc. grew its holdings in Viper Energy by 23.3% in the 1st quarter. Vanguard Group Inc. now owns 8,481,119 shares of the oil and gas producer's stock worth $326,184,000 after acquiring an additional 1,603,333 shares during the last quarter. 87.72% of the stock is owned by institutional investors.

Viper Energy Price Performance

VNOM stock traded up $0.26 during midday trading on Friday, hitting $52.16. The company's stock had a trading volume of 851,139 shares, compared to its average volume of 781,521. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 17.86 and a beta of 1.72. The company has a quick ratio of 7.06, a current ratio of 7.06 and a debt-to-equity ratio of 0.35. Viper Energy, Inc. has a 12 month low of $27.61 and a 12 month high of $53.25. The company has a 50 day moving average of $48.38 and a two-hundred day moving average of $42.85.

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

Viper Energy Cuts Dividend

The business 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. This represents a $1.20 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Thursday, August 15th. Viper Energy's dividend payout ratio is presently 41.10%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VNOM. Evercore ISI boosted their target price on Viper Energy from $37.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, July 8th. TD Securities raised their target price on shares of Viper Energy from $46.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, September 12th. Piper Sandler boosted their price target on shares of Viper Energy from $57.00 to $61.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Barclays raised their price objective on shares of Viper Energy from $44.00 to $47.00 and gave the stock an "overweight" rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. upped their target price on Viper Energy from $41.00 to $44.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $49.00.

Viper Energy 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.