Quest Partners LLC Increases Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Quest Partners LLC grew its position in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 1,437.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,332 shares of the oil and gas producer's stock after purchasing an additional 15,270 shares during the period. Quest Partners LLC's holdings in Viper Energy were worth $737,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in shares of Viper Energy by 328.5% during the 3rd 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 in the last quarter. GAMMA Investing LLC boosted its stake 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 worth $31,000 after acquiring an additional 460 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Viper Energy during the 2nd quarter worth about $36,000. Plato Investment Management Ltd boosted its stake in shares of Viper Energy by 119.2% during the 2nd quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer's stock worth $106,000 after acquiring an additional 1,541 shares in the last quarter. Finally, ORG Partners LLC boosted its stake in shares of Viper Energy by 962.3% during the 2nd quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer's stock worth $107,000 after acquiring an additional 2,550 shares in the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Price Performance

VNOM stock traded up $1.86 during midday trading on Friday, reaching $56.55. 882,606 shares of the stock were exchanged, compared to its average volume of 1,077,655. Viper Energy, Inc. has a 52 week low of $29.03 and a 52 week high of $56.63. The company has a fifty day moving average price of $50.24 and a 200 day moving average price of $44.20. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. The stock has a market capitalization of $10.65 billion, a PE ratio of 23.86 and a beta of 1.72.

Viper Energy (NASDAQ:VNOM - Get Free Report) last released its quarterly 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 analyst estimates of $210.54 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The business's revenue was down 28.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.10 EPS. As a group, analysts expect that Viper Energy, Inc. will post 2.03 EPS for the current fiscal year.

Viper Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Thursday, November 14th. Viper Energy's payout ratio is 51.50%.

Wall Street Analysts Forecast Growth

VNOM has been the subject of several recent analyst reports. Piper Sandler increased their target price on Viper Energy from $61.00 to $64.00 and gave the company an "overweight" rating in a research note on Monday. Truist Financial increased their target price on Viper Energy from $57.00 to $64.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Raymond James increased their target price on Viper Energy from $58.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday. Roth Mkm increased their target price on Viper Energy from $46.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Finally, TD Securities increased their target price 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 issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $54.75.

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.