Carret Asset Management LLC Sells 1,815 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Carret Asset Management LLC decreased its holdings in Viper Energy, Inc. (NASDAQ:VNOM) by 16.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,365 shares of the oil and gas producer’s stock after selling 1,815 shares during the period. Carret Asset Management LLC’s holdings in Viper Energy were worth $360,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in VNOM. Envestnet Asset Management Inc. lifted its holdings in shares of Viper Energy by 11.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 224,876 shares of the oil and gas producer’s stock valued at $6,270,000 after acquiring an additional 23,393 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Viper Energy by 7,400.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 15,901 shares of the oil and gas producer’s stock valued at $443,000 after acquiring an additional 15,689 shares during the last quarter. Alps Advisors Inc. lifted its holdings in shares of Viper Energy by 6.2% in the 3rd quarter. Alps Advisors Inc. now owns 11,811 shares of the oil and gas producer’s stock valued at $329,000 after acquiring an additional 691 shares during the last quarter. Adalta Capital Management LLC bought a new stake in Viper Energy in the third quarter worth about $139,000. Finally, GSA Capital Partners LLP bought a new stake in Viper Energy in the third quarter worth about $1,747,000. Institutional investors own 87.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VNOM. TD Securities raised their price objective on shares of Viper Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Truist Financial raised their price objective on shares of Viper Energy from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Piper Sandler raised their price objective on shares of Viper Energy from $36.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, Barclays initiated coverage on shares of Viper Energy in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $44.00 price objective for the company. One equities research 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 a consensus rating of “Moderate Buy” and a consensus target price of $41.29.

Viper Energy Stock Performance

Shares of VNOM stock opened at $39.56 on Thursday. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 14.54 and a beta of 1.74. The company’s 50 day moving average is $37.56 and its 200 day moving average is $35.68. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.38. Viper Energy, Inc. has a 52-week low of $24.91 and a 52-week high of $41.22.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.15. The company had revenue of $205.39 million for the quarter, compared to analyst estimates of $200.63 million. Viper Energy had a net margin of 24.24% and a return on equity of 8.10%. On average, sell-side analysts anticipate that Viper Energy, Inc. will post 1.97 EPS for the current fiscal year.

Viper Energy Increases Dividend

The firm also recently disclosed a None dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 15th were issued a dividend of $0.59 per share. This represents a yield of 2.9%. This is a positive change from Viper Energy’s previous None dividend of $0.56. The ex-dividend date was Tuesday, May 14th. Viper Energy’s dividend payout ratio (DPR) is presently 39.71%.

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.