Viper Energy, Inc. (NASDAQ:VNOM) Shares Purchased by Swiss National Bank

Swiss National Bank raised its position in Viper Energy, Inc. (NASDAQ:VNOM) by 24.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 197,977 shares of the oil and gas producer’s stock after buying an additional 38,700 shares during the period. Swiss National Bank’s holdings in Viper Energy were worth $8,931,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of 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 valued at $26,000 after acquiring an additional 450 shares in the last quarter. GAMMA Investing LLC raised its stake in 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 purchasing an additional 460 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Viper Energy in the 2nd quarter valued at $36,000. Plato Investment Management Ltd boosted its stake in Viper Energy by 119.2% during the 2nd quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock worth $106,000 after purchasing an additional 1,541 shares during the last quarter. Finally, ORG Partners LLC grew its holdings in shares of Viper Energy by 962.3% during the second quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock worth $107,000 after buying an additional 2,550 shares in the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Trading Up 3.4 %

VNOM opened at $56.55 on Monday. The stock has a market capitalization of $10.65 billion, a PE ratio of 24.27 and a beta of 1.72. Viper Energy, Inc. has a one year low of $29.03 and a one year high of $56.63. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The business’s 50 day moving average price is $50.52 and its 200 day moving average price is $44.38.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $209.59 million for the quarter, compared to analyst estimates of $210.54 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. Viper Energy’s revenue was down 28.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 EPS. As a group, equities research analysts expect that Viper Energy, Inc. will post 2.02 EPS for the current year.

Viper Energy Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend 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 currently 51.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. StockNews.com downgraded shares of Viper Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on shares of Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Piper Sandler boosted their target price on Viper Energy from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Barclays increased their price target on Viper Energy from $52.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Roth Mkm boosted their price objective on Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.75.

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.