ORG Partners LLC Raises Stock Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

ORG Partners LLC raised its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 17.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,320 shares of the oil and gas producer’s stock after acquiring an additional 505 shares during the period. ORG Partners LLC’s holdings in Viper Energy were worth $150,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in Viper Energy by 208.1% during the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 460 shares during the period. International Assets Investment Management LLC bought a new position in shares of Viper Energy during the 2nd quarter valued at $36,000. Plato Investment Management Ltd boosted its stake in shares of Viper Energy by 119.2% in the 2nd 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 during the last quarter. Larson Financial Group LLC grew its holdings in shares of Viper Energy by 94.4% in the first 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 during the period. Finally, Sandia Investment Management LP purchased a new stake in Viper Energy during the first quarter valued at $192,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on VNOM shares. TD Securities raised their target price on Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Evercore ISI increased 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. Piper Sandler boosted their target price on shares of Viper Energy from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Barclays boosted their price objective on shares of Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.00.

Viper Energy Stock Down 3.2 %

VNOM opened at $50.29 on Wednesday. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of 17.22 and a beta of 1.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 7.06 and a current ratio of 7.06. The firm’s fifty day moving average is $46.97 and its 200 day moving average is $41.70. Viper Energy, Inc. has a fifty-two week low of $27.61 and a fifty-two week high of $52.32.

Viper Energy (NASDAQ:VNOM) last announced 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. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. The business had revenue of $216.71 million for the quarter, compared to the consensus estimate of $216.28 million. During the same period in the previous year, the business earned $0.47 earnings per share. The business’s revenue was up 34.8% on a year-over-year basis. On average, sell-side analysts forecast that Viper Energy, Inc. will post 1.98 earnings per share for the current fiscal year.

Viper Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Thursday, August 15th. Viper Energy’s dividend payout ratio (DPR) is presently 41.10%.

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.