TD Asset Management Inc Boosts Position in Viper Energy, Inc. (NASDAQ:VNOM)

TD Asset Management Inc boosted its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 2.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 841,414 shares of the oil and gas producer’s stock after buying an additional 21,420 shares during the quarter. TD Asset Management Inc owned 0.48% of Viper Energy worth $31,578,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of VNOM. Vanguard Group Inc. raised its position in Viper Energy by 1,045.4% during the 4th quarter. Vanguard Group Inc. now owns 6,877,786 shares of the oil and gas producer’s stock worth $215,825,000 after buying an additional 6,277,324 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Viper Energy by 20.0% during the 4th quarter. Wellington Management Group LLP now owns 13,490,896 shares of the oil and gas producer’s stock valued at $423,344,000 after purchasing an additional 2,246,219 shares in the last quarter. Scout Investments Inc. purchased a new position in shares of Viper Energy during the 4th quarter valued at approximately $40,808,000. Epoch Investment Partners Inc. increased its holdings in shares of Viper Energy by 91.6% during the 4th quarter. Epoch Investment Partners Inc. now owns 2,505,280 shares of the oil and gas producer’s stock valued at $78,616,000 after purchasing an additional 1,197,567 shares in the last quarter. Finally, Capital World Investors increased its holdings in shares of Viper Energy by 16.8% during the 1st quarter. Capital World Investors now owns 6,410,968 shares of the oil and gas producer’s stock valued at $246,566,000 after purchasing an additional 923,276 shares in the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Viper Energy Trading Down 1.8 %

Shares of VNOM opened at $45.60 on Friday. Viper Energy, Inc. has a 52-week low of $26.73 and a 52-week high of $48.72. The company has a quick ratio of 7.06, a current ratio of 7.06 and a debt-to-equity ratio of 0.35. The firm’s fifty day moving average is $43.59 and its two-hundred day moving average is $39.68. The stock has a market cap of $8.06 billion, a PE ratio of 16.76 and a beta of 1.73.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.19. Viper Energy had a net margin of 25.63% and a return on equity of 8.46%. The company had revenue of $216.71 million for the quarter, compared to analysts’ expectations of $216.28 million. During the same quarter in the previous year, the company posted $0.47 EPS. The firm’s quarterly revenue was up 34.8% on a year-over-year basis. Research analysts forecast that Viper Energy, Inc. will post 2.1 earnings per share for the current fiscal year.

Viper Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.20 annualized dividend and a yield of 2.63%. Viper Energy’s dividend payout ratio (DPR) is presently 44.12%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VNOM. Piper Sandler lifted 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. TD Securities lifted their target price on shares of Viper Energy from $43.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Barclays lifted their target price on shares of Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Evercore ISI lifted their price target on shares of Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, July 8th. Finally, Truist Financial lifted their price target on shares of Viper Energy from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.83.

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.