Epoch Investment Partners Inc. Sells 34,611 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Epoch Investment Partners Inc. cut its holdings in Viper Energy, Inc. (NASDAQ:VNOM) by 1.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,966,800 shares of the oil and gas producer’s stock after selling 34,611 shares during the period. Epoch Investment Partners Inc.’s holdings in Viper Energy were worth $111,344,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in Viper Energy in the 2nd quarter valued at about $36,000. Plato Investment Management Ltd increased its holdings in shares of Viper Energy by 119.2% during the second quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock worth $106,000 after purchasing an additional 1,541 shares during the period. ORG Partners LLC raised its position in shares of Viper Energy by 962.3% in the second quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock valued at $107,000 after buying an additional 2,550 shares in the last quarter. Larson Financial Group LLC grew its position in Viper Energy by 94.4% during the first quarter. Larson Financial Group LLC now owns 4,158 shares of the oil and gas producer’s stock worth $160,000 after buying an additional 2,019 shares in the last quarter. Finally, Sandia Investment Management LP acquired a new stake in Viper Energy during the first quarter worth approximately $192,000. 87.72% of the stock is owned by institutional investors.

Viper Energy Trading Up 0.5 %

VNOM opened at $45.66 on Friday. The company has a market cap of $8.08 billion, a P/E ratio of 16.79 and a beta of 1.73. 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 company’s 50 day moving average is $44.69 and its 200-day moving average is $40.26. Viper Energy, Inc. has a 1-year low of $26.73 and a 1-year high of $49.37.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.42 by $0.19. The business had revenue of $216.71 million during the quarter, compared to the consensus estimate of $216.28 million. Viper Energy had a net margin of 25.63% and a return on equity of 8.46%. The firm’s revenue was up 34.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS. Equities research analysts predict that Viper Energy, Inc. will post 2.06 earnings per share for the current fiscal year.

Viper Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.63%. Viper Energy’s dividend payout ratio is currently 44.12%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Evercore ISI upped their target price on Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. TD Securities increased their price objective on shares of Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Piper Sandler raised their target price on shares of Viper Energy from $44.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Truist Financial upped their price target on shares of Viper Energy from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Barclays lifted their price objective on shares of Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $48.17.

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.