Amalgamated Bank Acquires 32,916 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Amalgamated Bank boosted its position in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 200.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,334 shares of the oil and gas producer's stock after purchasing an additional 32,916 shares during the period. Amalgamated Bank's holdings in Viper Energy were worth $2,225,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in VNOM. Farther Finance Advisors LLC grew its holdings in Viper Energy by 328.5% during the third quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer's stock valued at $26,000 after purchasing an additional 450 shares during the period. GAMMA Investing LLC lifted its stake in Viper Energy by 208.1% in the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer's stock valued at $31,000 after buying an additional 460 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Viper Energy in the second quarter worth $36,000. Plato Investment Management Ltd lifted its position 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 purchasing an additional 1,541 shares in the last quarter. Finally, ORG Partners LLC lifted its position in shares of 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 worth $107,000 after purchasing an additional 2,550 shares in the last quarter. 87.72% of the stock is owned by institutional investors.

Viper Energy Stock Performance

Shares of VNOM stock traded up $0.02 on Tuesday, hitting $53.70. The company's stock had a trading volume of 176,237 shares, compared to its average volume of 1,087,643. 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 stock's 50 day moving average is $49.10 and its 200-day moving average is $43.46. Viper Energy, Inc. has a fifty-two week low of $28.55 and a fifty-two week high of $56.08. The company has a market capitalization of $9.50 billion, a PE ratio of 23.04 and a beta of 1.72.

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 the consensus estimate of $0.47 by $0.02. Viper Energy had a net margin of 24.65% and a return on equity of 6.99%. The business had revenue of $209.59 million during the quarter, compared to analysts' expectations of $210.54 million. During the same quarter in the prior year, the business posted $1.10 earnings per share. Viper Energy's revenue was down 28.5% compared to the same quarter last year. Equities research analysts expect that Viper Energy, Inc. will post 2.07 earnings per share for the current fiscal year.

Viper Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 2.23%. Viper Energy's dividend payout ratio is 51.50%.

Analysts Set New Price Targets

A number of brokerages have recently commented on VNOM. 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 research report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their price objective on shares of Viper Energy from $41.00 to $44.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. StockNews.com lowered shares of Viper Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, November 5th. Roth Mkm upped their price target on shares of Viper Energy from $46.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Finally, Barclays upped their price target on shares of Viper Energy from $52.00 to $58.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $51.25.

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.