FORA Capital LLC Purchases Shares of 4,495 Viper Energy, Inc. (NASDAQ:VNOM)

FORA Capital LLC acquired a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,495 shares of the oil and gas producer’s stock, valued at approximately $203,000.

Several other hedge funds also recently modified their holdings of VNOM. Massachusetts Financial Services Co. MA boosted its stake in Viper Energy by 12.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,085,841 shares of the oil and gas producer’s stock worth $78,282,000 after acquiring an additional 224,021 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Viper Energy by 2.6% during the 2nd quarter. TD Asset Management Inc now owns 841,414 shares of the oil and gas producer’s stock worth $31,578,000 after purchasing an additional 21,420 shares in the last quarter. SIR Capital Management L.P. grew its stake in shares of Viper Energy by 26.5% in the 2nd quarter. SIR Capital Management L.P. now owns 776,800 shares of the oil and gas producer’s stock valued at $29,153,000 after buying an additional 162,900 shares during the period. Assenagon Asset Management S.A. increased its position in Viper Energy by 326.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 760,830 shares of the oil and gas producer’s stock valued at $28,554,000 after buying an additional 582,247 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Viper Energy by 11.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 625,261 shares of the oil and gas producer’s stock worth $28,206,000 after buying an additional 66,222 shares during the period. Institutional investors own 87.72% of the company’s stock.

Viper Energy Trading Up 0.3 %

NASDAQ:VNOM opened at $54.11 on Friday. Viper Energy, Inc. has a 52 week low of $29.03 and a 52 week high of $56.76. The firm has a 50-day moving average price of $51.44 and a two-hundred day moving average price of $44.90. 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 firm has a market cap of $10.19 billion, a price-to-earnings ratio of 23.22 and a beta of 1.72.

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

Viper Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Thursday, November 14th. Viper Energy’s dividend payout ratio (DPR) is currently 51.50%.

Analysts Set New Price Targets

VNOM has been the subject of a number of research reports. Piper Sandler raised their price objective on Viper Energy from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Bank of America began coverage on shares of Viper Energy in a research report on Tuesday. They issued a “buy” rating and a $64.00 price target for the company. 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. JPMorgan Chase & Co. lifted their price objective on shares of Viper Energy from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, Raymond James upped their target price on shares of Viper Energy from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.78.

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.