Cross Staff Investments Inc Purchases Shares of 4,705 Viper Energy, Inc. (NASDAQ:VNOM)

Cross Staff Investments Inc acquired a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 4,705 shares of the oil and gas producer’s stock, valued at approximately $212,000.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Viper Energy by 23.3% in the first quarter. Vanguard Group Inc. now owns 8,481,119 shares of the oil and gas producer’s stock worth $326,184,000 after acquiring an additional 1,603,333 shares during the last quarter. Capital World Investors grew its stake in shares of Viper Energy by 16.8% during the first quarter. Capital World Investors now owns 6,410,968 shares of the oil and gas producer’s stock worth $246,566,000 after purchasing an additional 923,276 shares in the last quarter. Epoch Investment Partners Inc. increased its holdings in Viper Energy by 19.8% in the first quarter. Epoch Investment Partners Inc. now owns 3,001,411 shares of the oil and gas producer’s stock valued at $115,434,000 after buying an additional 496,131 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Viper Energy by 12.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,085,841 shares of the oil and gas producer’s stock worth $78,282,000 after buying an additional 224,021 shares during the last quarter. Finally, Scout Investments Inc. boosted its position in shares of Viper Energy by 48.8% during the 1st quarter. Scout Investments Inc. now owns 1,934,469 shares of the oil and gas producer’s stock worth $73,703,000 after acquiring an additional 634,036 shares in the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VNOM has been the subject of several recent analyst reports. Truist Financial boosted their target price on Viper Energy from $54.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday. Piper Sandler raised their price objective on Viper Energy from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. TD Securities boosted their target price on Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Barclays lifted their price target on Viper Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Finally, Evercore ISI increased their price objective on Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, July 8th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $49.00.

Viper Energy Trading Up 1.4 %

NASDAQ:VNOM opened at $52.46 on Friday. The company has a current ratio of 7.06, a quick ratio of 7.06 and a debt-to-equity ratio of 0.35. The stock’s 50 day simple moving average is $47.78 and its 200-day simple moving average is $42.31. Viper Energy, Inc. has a 12-month low of $27.61 and a 12-month high of $52.98. The firm has a market cap of $9.28 billion, a P/E ratio of 17.97 and a beta of 1.73.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.19. Viper Energy had a net margin of 25.63% and a return on equity of 8.46%. The company had revenue of $216.71 million for the quarter, compared to analysts’ expectations of $216.28 million. During the same period in the previous year, the company posted $0.47 EPS. Viper Energy’s revenue was up 34.8% compared to the same quarter last year. Equities analysts anticipate that Viper Energy, Inc. will post 1.99 EPS for the current year.

Viper Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.20 annualized dividend and a yield of 2.29%. Viper Energy’s payout ratio is currently 41.10%.

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.