Ghisallo Capital Management LLC Sells 400,000 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Ghisallo Capital Management LLC decreased its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 80.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 100,000 shares of the oil and gas producer’s stock after selling 400,000 shares during the period. Ghisallo Capital Management LLC owned about 0.06% of Viper Energy worth $3,753,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in VNOM. International Assets Investment Management LLC purchased a new stake in shares of Viper Energy during the second quarter valued at $36,000. Plato Investment Management Ltd increased its position in Viper Energy by 119.2% in the second quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock worth $106,000 after buying an additional 1,541 shares in the last quarter. ORG Partners LLC raised its stake 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 worth $107,000 after buying an additional 2,550 shares during the period. Larson Financial Group LLC increased its holdings in Viper Energy by 94.4% in the 1st quarter. Larson Financial Group LLC now owns 4,158 shares of the oil and gas producer’s stock worth $160,000 after acquiring an additional 2,019 shares in the last quarter. Finally, Sandia Investment Management LP purchased a new stake in Viper Energy in the 1st quarter worth $192,000. Institutional investors own 87.72% of the company’s stock.

Viper Energy Trading Up 2.9 %

NASDAQ VNOM opened at $46.40 on Wednesday. Viper Energy, Inc. has a 1 year low of $26.73 and a 1 year high of $49.37. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 7.06. The company has a market capitalization of $8.21 billion, a PE ratio of 17.06 and a beta of 1.73. The company has a fifty day moving average of $45.25 and a 200 day moving average of $40.81.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.19. The company had revenue of $216.71 million during the quarter, compared to the consensus estimate of $216.28 million. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. Viper Energy’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. Research analysts forecast that Viper Energy, Inc. will post 2.02 earnings per share for the current year.

Viper Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Thursday, August 15th. Viper Energy’s payout ratio is currently 44.12%.

Analyst Ratings Changes

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

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.