Viper Energy, Inc. (NASDAQ:VNOM) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC increased its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 3,073.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,655 shares of the oil and gas producer’s stock after purchasing an additional 61,649 shares during the quarter. International Assets Investment Management LLC’s holdings in Viper Energy were worth $2,029,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Arizona State Retirement System lifted its holdings in Viper Energy by 4.4% during the 4th quarter. Arizona State Retirement System now owns 19,266 shares of the oil and gas producer’s stock worth $605,000 after buying an additional 812 shares during the last quarter. Chilton Capital Management LLC purchased a new stake in Viper Energy during the 4th quarter worth about $63,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its holdings in Viper Energy by 18.9% during the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 181,535 shares of the oil and gas producer’s stock worth $5,697,000 after buying an additional 28,800 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Viper Energy during the 4th quarter worth about $1,760,000. Finally, Naples Global Advisors LLC purchased a new stake in Viper Energy during the 4th quarter worth about $226,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

Viper Energy Stock Up 0.3 %

VNOM opened at $39.04 on Friday. The business has a 50 day moving average price of $37.07 and a two-hundred day moving average price of $32.58. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.38. The company has a market cap of $6.90 billion, a PE ratio of 14.46 and a beta of 1.79. Viper Energy, Inc. has a 52 week low of $24.48 and a 52 week high of $41.22.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings data on Tuesday, February 20th. The oil and gas producer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.47 by $0.20. The firm had revenue of $204.70 million during the quarter, compared to the consensus estimate of $204.61 million. Viper Energy had a return on equity of 8.29% and a net margin of 24.17%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 EPS. As a group, research analysts anticipate that Viper Energy, Inc. will post 1.72 EPS for the current year.

Viper Energy Increases Dividend

The firm also recently announced a None dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, March 5th were given a dividend of $0.56 per share. This is a boost from Viper Energy’s previous None dividend of $0.09. The ex-dividend date of this dividend was Monday, March 4th. This represents a yield of 3%. Viper Energy’s payout ratio is presently 40.00%.

Wall Street Analysts Forecast Growth

VNOM has been the subject of a number of recent analyst reports. StockNews.com downgraded Viper Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Piper Sandler boosted their target price on Viper Energy from $36.00 to $43.00 and gave the company an “overweight” rating in a report on Friday. Raymond James reduced their target price on Viper Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. Truist Financial boosted their target price on Viper Energy from $47.00 to $52.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Barclays initiated coverage on Viper Energy in a report on Wednesday, April 10th. They issued an “overweight” rating and a $44.00 target price for the company. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Viper Energy has an average rating of “Moderate Buy” and an average target price of $40.50.

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.