Charles Schwab Investment Management Inc. Boosts Stake in Viper Energy, Inc. (NASDAQ:VNOM)

Charles Schwab Investment Management Inc. increased its holdings in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 11.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 625,261 shares of the oil and gas producer's stock after acquiring an additional 66,222 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.35% of Viper Energy worth $28,206,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in VNOM. Farther Finance Advisors LLC grew its position 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 acquiring an additional 450 shares during the period. GAMMA Investing LLC boosted its position in shares of Viper Energy by 208.1% during the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer's stock worth $31,000 after buying an additional 460 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Viper Energy during the second quarter worth $36,000. Plato Investment Management Ltd boosted its position in shares of Viper Energy by 119.2% during 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 period. Finally, ORG Partners LLC boosted its position in shares of 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 worth $107,000 after buying an additional 2,550 shares during the period. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Stock Up 0.8 %

Viper Energy stock traded up $0.41 during midday trading on Thursday, reaching $52.46. The company's stock had a trading volume of 551,097 shares, compared to its average volume of 1,066,329. Viper Energy, Inc. has a fifty-two week low of $29.03 and a fifty-two week 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 company has a market cap of $9.88 billion, a P/E ratio of 22.61 and a beta of 1.71. The business has a 50-day simple moving average of $51.82 and a 200-day simple moving average of $45.30.

Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.02. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The company had revenue of $209.59 million for the quarter, compared to analysts' expectations of $210.54 million. During the same period last year, the firm earned $1.10 earnings per share. Viper Energy's quarterly revenue was down 28.5% on a year-over-year basis. On average, research analysts expect that Viper Energy, Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Thursday, November 14th. Viper Energy's dividend payout ratio (DPR) is currently 51.50%.

Wall Street Analysts Forecast Growth

VNOM has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on Viper Energy from $43.00 to $51.00 and gave the stock an "overweight" rating in a research report on Thursday. TD Securities raised their price target on Viper Energy from $46.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, September 12th. StockNews.com lowered Viper Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, November 5th. Bank of America assumed coverage on Viper Energy in a research report on Tuesday, November 26th. They set a "buy" rating and a $64.00 price target for the company. Finally, The Goldman Sachs Group assumed coverage on Viper Energy in a research note on Monday. They issued a "buy" rating and a $70.00 price objective on the stock. One analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.