Quantbot Technologies LP Raises Position in Viper Energy, Inc. (NASDAQ:VNOM)

Quantbot Technologies LP boosted its stake in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 30.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 50,864 shares of the oil and gas producer's stock after buying an additional 11,985 shares during the period. Quantbot Technologies LP's holdings in Viper Energy were worth $2,294,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of VNOM. Price T Rowe Associates Inc. MD bought a new position in Viper Energy during the 1st quarter worth $601,000. California State Teachers Retirement System raised its stake in Viper Energy by 18.4% in the 1st quarter. California State Teachers Retirement System now owns 72,600 shares of the oil and gas producer's stock worth $2,792,000 after purchasing an additional 11,293 shares in the last quarter. Tidal Investments LLC bought a new stake in Viper Energy in the 1st quarter valued at about $290,000. SG Americas Securities LLC grew its position in shares of Viper Energy by 627.6% during the 2nd quarter. SG Americas Securities LLC now owns 78,413 shares of the oil and gas producer's stock worth $2,943,000 after purchasing an additional 67,636 shares in the last quarter. Finally, Diversify Advisory Services LLC bought a new position in shares of Viper Energy during the second quarter worth approximately $203,000. 87.72% of the stock is owned by institutional investors.

Viper Energy Price Performance

Shares of VNOM stock traded up $0.17 on Friday, reaching $54.11. The company had a trading volume of 379,066 shares, compared to its average volume of 1,073,829. The business's 50-day moving average is $51.27 and its 200 day moving average is $44.79. Viper Energy, Inc. has a one year low of $29.03 and a one year high of $56.76. 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 stock has a market capitalization of $10.19 billion, a PE ratio of 23.15 and a beta of 1.72.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The business 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 revenue was down 28.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.10 EPS. Equities research analysts forecast that Viper Energy, Inc. will post 2.03 EPS for the current fiscal year.

Viper Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Thursday, November 14th. Viper Energy's dividend payout ratio (DPR) is 51.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. StockNews.com cut Viper Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, November 5th. Bank of America assumed coverage on Viper Energy in a report on Tuesday. They set a "buy" rating and a $64.00 target price on the stock. Roth Mkm boosted their price target on Viper Energy from $46.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. increased their price objective on shares of Viper Energy from $41.00 to $44.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. Finally, Piper Sandler boosted their target price on shares of Viper Energy from $61.00 to $64.00 and gave the company an "overweight" rating in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $55.78.

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.