Viper Energy, Inc. (NASDAQ:VNOM) Shares Purchased by Swiss National Bank

Swiss National Bank grew its position in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 24.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 197,977 shares of the oil and gas producer's stock after buying an additional 38,700 shares during the period. Swiss National Bank owned 0.11% of Viper Energy worth $8,931,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System acquired a new position in shares of Viper Energy during the third quarter valued at about $984,000. Amalgamated Bank acquired a new stake in shares of Viper Energy during the second quarter worth $616,000. Vanguard Group Inc. grew its holdings in shares of 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 last quarter. Assenagon Asset Management S.A. increased its position in shares of Viper Energy by 326.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 760,830 shares of the oil and gas producer's stock valued at $28,554,000 after acquiring an additional 582,247 shares during the period. Finally, Summit Global Investments purchased a new position in Viper Energy in the 3rd quarter worth $706,000. 87.72% of the stock is currently owned by institutional investors.

Viper Energy Price Performance

Shares of VNOM stock traded down $2.35 during trading hours on Monday, hitting $54.20. 1,546,122 shares of the company's stock were exchanged, compared to its average volume of 1,079,709. Viper Energy, Inc. has a fifty-two week low of $29.03 and a fifty-two week high of $56.76. The firm has a market cap of $10.21 billion, a P/E ratio of 23.26 and a beta of 1.72. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average of $50.52 and a two-hundred day moving average of $44.43.

Viper Energy (NASDAQ:VNOM - Get Free Report) last posted 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 company had revenue of $209.59 million during the quarter, compared to analysts' expectations of $210.54 million. During the same period in the prior year, the business posted $1.10 earnings per share. The firm's revenue for the quarter was down 28.5% on a year-over-year basis. Sell-side analysts forecast that Viper Energy, Inc. will post 2.02 EPS for the current year.

Viper Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Thursday, November 14th. Viper Energy's dividend payout ratio is presently 51.50%.

Wall Street Analysts Forecast Growth

VNOM has been the subject of several research analyst reports. Truist Financial raised their price objective on Viper Energy from $57.00 to $64.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. 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 report on Thursday, September 12th. Roth Mkm increased their price target on Viper Energy from $46.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted 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. Finally, Barclays lifted their price target on Viper Energy from $52.00 to $58.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus 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.