Victory Capital Management Inc. Raises Stock Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Victory Capital Management Inc. boosted its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 233.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,892 shares of the oil and gas producer’s stock after purchasing an additional 67,098 shares during the quarter. Victory Capital Management Inc. owned about 0.05% of Viper Energy worth $4,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in shares of Viper Energy by 328.5% during the third quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 450 shares during the last quarter. Arizona State Retirement System lifted its position in Viper Energy by 2.0% during the second quarter. Arizona State Retirement System now owns 22,600 shares of the oil and gas producer’s stock valued at $848,000 after acquiring an additional 453 shares during the last quarter. Andina Capital Management LLC boosted its stake in Viper Energy by 3.8% in the third quarter. Andina Capital Management LLC now owns 12,612 shares of the oil and gas producer’s stock valued at $569,000 after acquiring an additional 459 shares in the last quarter. GAMMA Investing LLC grew its holdings in Viper Energy by 208.1% in the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 460 shares during the last quarter. Finally, Truist Financial Corp increased its position in shares of Viper Energy by 4.5% during the second quarter. Truist Financial Corp now owns 11,230 shares of the oil and gas producer’s stock worth $421,000 after purchasing an additional 488 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on VNOM. TD Securities raised their price objective on Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. StockNews.com downgraded Viper Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Piper Sandler upped their price objective on shares of Viper Energy from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Roth Mkm increased their price objective on shares of Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Truist Financial boosted their target price on shares of Viper Energy from $57.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.75.

Viper Energy Stock Performance

VNOM opened at $56.55 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 $29.03 and a 12-month high of $56.63. The firm has a 50 day moving average of $50.24 and a two-hundred day moving average of $44.20. The firm has a market capitalization of $10.65 billion, a PE ratio of 23.86 and a beta of 1.72.

Viper Energy (NASDAQ:VNOM) last issued its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The firm had revenue of $209.59 million during the quarter, compared to analysts’ expectations of $210.54 million. During the same quarter last year, the company posted $1.10 earnings per share. The firm’s revenue was down 28.5% compared to the same quarter last year. On average, analysts anticipate that Viper Energy, Inc. will post 2.03 EPS for the current year.

Viper Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.12%. Viper Energy’s payout ratio is 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.