Yaupon Capital Management LP Invests $18.04 Million in Viper Energy, Inc. (NASDAQ:VNOM)

Yaupon Capital Management LP bought a new stake in Viper Energy, Inc. (NASDAQ:VNOM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 400,000 shares of the oil and gas producer’s stock, valued at approximately $18,044,000.

A number of other large investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD purchased a new position in Viper Energy in the 1st quarter valued at about $601,000. Tidal Investments LLC acquired a new stake in Viper Energy during the first quarter worth approximately $290,000. SG Americas Securities LLC grew its stake in Viper Energy by 627.6% in the 2nd quarter. SG Americas Securities LLC now owns 78,413 shares of the oil and gas producer’s stock worth $2,943,000 after acquiring an additional 67,636 shares during the period. Diversify Advisory Services LLC acquired a new position in Viper Energy in the 2nd quarter valued at $203,000. Finally, Andina Capital Management LLC raised its holdings in Viper Energy by 23.0% in the 2nd quarter. Andina Capital Management LLC now owns 12,153 shares of the oil and gas producer’s stock valued at $456,000 after acquiring an additional 2,271 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Trading Down 2.8 %

Shares of VNOM stock opened at $51.01 on Friday. Viper Energy, Inc. has a fifty-two week low of $29.16 and a fifty-two week high of $56.76. The firm’s 50 day moving average price is $52.11 and its two-hundred day moving average price is $45.44. The stock has a market cap of $9.61 billion, a price-to-earnings ratio of 21.89 and a beta of 1.71. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The firm had revenue of $209.59 million during the quarter, compared to analysts’ expectations of $210.54 million. During the same period in the prior year, the company earned $1.10 EPS. The firm’s revenue was down 28.5% on a year-over-year basis. On average, analysts anticipate that Viper Energy, Inc. will post 2.02 EPS for the current year.

Viper Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.35%. Viper Energy’s payout ratio is currently 51.50%.

Analyst Ratings Changes

A number of brokerages have recently commented on VNOM. Truist Financial lifted their price objective on Viper Energy from $57.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Barclays lifted 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. The Goldman Sachs Group assumed coverage on shares of Viper Energy in a report on Monday, December 2nd. They set a “buy” rating and a $70.00 price objective on the stock. Raymond James raised their target price on shares of Viper Energy from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, TD Securities upped their price target on shares of Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Viper Energy presently has an average rating of “Moderate Buy” and an average price target of $57.90.

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.