Viper Energy, Inc. (NASDAQ:VNOM) Stock Position Raised by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 328.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 587 shares of the oil and gas producer’s stock after purchasing an additional 450 shares during the period. Farther Finance Advisors LLC’s holdings in Viper Energy were worth $26,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VNOM. Swiss National Bank raised its stake in shares of Viper Energy by 17.3% during the 1st quarter. Swiss National Bank now owns 159,277 shares of the oil and gas producer’s stock worth $6,126,000 after purchasing an additional 23,500 shares in the last quarter. Sei Investments Co. raised its stake in shares of Viper Energy by 81.9% in the 1st quarter. Sei Investments Co. now owns 45,308 shares of the oil and gas producer’s stock valued at $1,743,000 after acquiring an additional 20,396 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Viper Energy by 23.3% in the 1st quarter. Vanguard Group Inc. now owns 8,481,119 shares of the oil and gas producer’s stock valued at $326,184,000 after acquiring an additional 1,603,333 shares in the last quarter. Carlson Capital L P raised its stake in shares of Viper Energy by 69.6% in the 1st quarter. Carlson Capital L P now owns 94,443 shares of the oil and gas producer’s stock valued at $3,632,000 after acquiring an additional 38,767 shares in the last quarter. Finally, Axxcess Wealth Management LLC bought a new position in shares of Viper Energy in the 1st quarter valued at approximately $232,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Roth Mkm raised their price objective on Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. TD Securities raised their price objective on Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. StockNews.com lowered Viper Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Truist Financial raised their target price on Viper Energy from $57.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised their target price on Viper Energy from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $51.25.

Viper Energy Price Performance

Shares of NASDAQ:VNOM opened at $50.84 on Friday. Viper Energy, Inc. has a 1-year low of $28.55 and a 1-year high of $56.08. The firm has a market capitalization of $8.99 billion, a PE ratio of 22.14 and a beta of 1.72. The business’s 50 day moving average is $49.45 and its 200-day moving average is $43.67. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $210.54 million. During the same quarter last year, the firm earned $1.10 EPS. Viper Energy’s revenue for the quarter was down 28.5% compared to the same quarter last year. Sell-side analysts predict that Viper Energy, Inc. will post 2.07 earnings per share for the current year.

Viper Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, November 14th. Viper Energy’s payout ratio is presently 51.50%.

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.