Mutual of America Capital Management LLC Makes New Investment in Viper Energy, Inc. (NASDAQ:VNOM)

Mutual of America Capital Management LLC acquired a new position in Viper Energy, Inc. (NASDAQ:VNOM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 54,826 shares of the oil and gas producer’s stock, valued at approximately $2,473,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VNOM. Farther Finance Advisors LLC increased its holdings in Viper Energy by 328.5% in the third quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 450 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Viper Energy by 208.1% in the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 460 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Viper Energy during the 2nd quarter valued at $36,000. Plato Investment Management Ltd boosted its stake in Viper Energy by 119.2% during the second quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock worth $106,000 after acquiring an additional 1,541 shares in the last quarter. Finally, ORG Partners LLC grew its holdings in 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 purchasing an additional 2,550 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Price Performance

Shares of NASDAQ:VNOM opened at $56.55 on Friday. Viper Energy, Inc. has a 1-year low of $29.03 and a 1-year high of $56.63. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The stock has a market cap of $10.65 billion, a PE ratio of 24.27 and a beta of 1.72. The stock’s fifty day simple moving average is $50.52 and its two-hundred day simple moving average is $44.33.

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

Viper Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Thursday, November 14th. Viper Energy’s payout ratio is 51.50%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VNOM shares. StockNews.com cut shares of Viper Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Raymond James raised their price objective on Viper Energy from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Barclays lifted their price target on shares of Viper Energy from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, TD Securities upped their price objective on shares of Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. One research 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.com, the company has an average rating of “Moderate Buy” and an average target price of $54.75.

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.