UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 31,011 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 27.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 145,070 shares of the oil and gas producer's stock after acquiring an additional 31,011 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.08% of Viper Energy worth $6,544,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in 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 worth $26,000 after purchasing an additional 450 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Viper Energy by 208.1% during the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer's stock valued at $31,000 after acquiring an additional 460 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Viper Energy in the 2nd quarter worth approximately $36,000. ORG Partners LLC grew its holdings in 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 valued at $107,000 after purchasing 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 buying an additional 1,541 shares during the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Price Performance

VNOM stock traded up $0.30 during trading on Wednesday, hitting $50.71. The company had a trading volume of 1,316,287 shares, compared to its average volume of 1,065,185. 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 fifty day moving average price of $52.38 and a two-hundred day moving average price of $45.76. Viper Energy, Inc. has a fifty-two week low of $29.16 and a fifty-two week high of $56.76. The company has a market cap of $9.55 billion, a P/E ratio of 21.76 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, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $209.59 million during the quarter, compared to the consensus estimate of $210.54 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The firm's quarterly revenue was down 28.5% on a year-over-year basis. During the same period last year, the firm posted $1.10 EPS. Equities research analysts expect that Viper Energy, Inc. will post 2.02 earnings per share for the current fiscal 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 given a dividend of $0.30 per share. 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 2.37%. Viper Energy's dividend payout ratio (DPR) is presently 51.50%.

Wall Street Analysts Forecast Growth

VNOM has been the topic of several research analyst reports. The Goldman Sachs Group began coverage on Viper Energy in a research report on Monday, December 2nd. They issued a "buy" rating and a $70.00 price target on the stock. Roth Mkm raised their price objective on shares of Viper Energy from $46.00 to $53.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Piper Sandler boosted their target price on shares of Viper Energy from $61.00 to $64.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. Raymond James increased their price target on shares of Viper Energy from $58.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Finally, Truist Financial boosted their price objective 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 investment analyst has rated the stock with a sell rating and ten have given a buy rating to the company's stock. According to MarketBeat, Viper Energy presently has an average rating of "Moderate Buy" and an average price target of $57.90.

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.