Atria Investments Inc Lowers Position in Viper Energy, Inc. (NASDAQ:VNOM)

Atria Investments Inc cut its holdings in Viper Energy, Inc. (NASDAQ:VNOM) by 6.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,112 shares of the oil and gas producer’s stock after selling 2,618 shares during the quarter. Atria Investments Inc’s holdings in Viper Energy were worth $1,764,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VNOM. Vanguard Group Inc. raised its holdings 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 purchasing an additional 1,603,333 shares in the last quarter. Capital World Investors raised its holdings in Viper Energy by 16.8% in 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. raised 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 worth $115,434,000 after purchasing an additional 496,131 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Viper Energy by 12.0% in the second 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 purchasing an additional 224,021 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in Viper Energy by 8.8% in the first quarter. Capital Research Global Investors now owns 1,016,927 shares of the oil and gas producer’s stock worth $39,111,000 after purchasing an additional 82,642 shares in the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Viper Energy Trading Down 1.0 %

Viper Energy stock opened at $50.84 on Friday. 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, Inc. has a 12 month low of $28.55 and a 12 month high of $56.08. The stock’s 50 day simple moving average is $49.45 and its two-hundred day simple moving average is $43.67. The firm has a market cap of $8.99 billion, a PE ratio of 21.82 and a beta of 1.72.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The firm 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 posted $1.10 EPS. The business’s revenue was down 28.5% on a year-over-year basis. Analysts anticipate that Viper Energy, Inc. will post 2.07 earnings per share for the current year.

Viper Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Viper Energy 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.