Viper Energy, Inc. (NASDAQ:VNOM) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 233.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,892 shares of the oil and gas producer's stock after purchasing an additional 67,098 shares during the period. Victory Capital Management Inc. owned about 0.05% of Viper Energy worth $4,326,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of VNOM. Vanguard Group Inc. raised its stake in shares of Viper Energy by 23.3% during 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 in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Viper Energy by 326.0% during 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 purchasing an additional 582,247 shares during the last quarter. Yaupon Capital Management LP boosted its position in shares of Viper Energy by 137.8% in the 1st quarter. Yaupon Capital Management LP now owns 444,301 shares of the oil and gas producer's stock worth $17,088,000 after purchasing an additional 257,491 shares in the last quarter. Principal Financial Group Inc. grew its stake in Viper Energy by 3,200.2% during the 3rd quarter. Principal Financial Group Inc. now owns 235,307 shares of the oil and gas producer's stock worth $10,615,000 after buying an additional 228,177 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Viper Energy by 12.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,085,841 shares of the oil and gas producer's stock valued at $78,282,000 after buying an additional 224,021 shares in the last quarter. 87.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on VNOM shares. Raymond James raised their price target on Viper Energy from $58.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday. Truist Financial raised 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. JPMorgan Chase & Co. upped their target price on Viper Energy from $41.00 to $44.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Barclays raised their target price on Viper Energy from $52.00 to $58.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Finally, TD Securities boosted their price target on Viper Energy from $46.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, September 12th. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $54.75.

Viper Energy Stock Performance

Shares of VNOM traded up $1.86 during trading hours on Friday, hitting $56.55. The stock had a trading volume of 883,496 shares, compared to its average volume of 824,188. The firm has a 50-day moving average price of $50.52 and a 200 day moving average price of $44.33. Viper Energy, Inc. has a fifty-two week low of $29.03 and a fifty-two week high of $56.63. The firm has a market capitalization of $10.65 billion, a price-to-earnings ratio of 24.27 and a beta of 1.72. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24.

Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.02. The firm had revenue of $209.59 million for the quarter, compared to analysts' expectations of $210.54 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The company's quarterly revenue was down 28.5% on a year-over-year basis. During the same period last year, the firm earned $1.10 EPS. As a group, research analysts anticipate that Viper Energy, Inc. will post 2.03 EPS for the current year.

Viper Energy Dividend Announcement

The business 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. This represents a $1.20 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Thursday, November 14th. Viper Energy's payout ratio is presently 51.50%.

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.