Ghisallo Capital Management LLC purchased a new position in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 100,000 shares of the oil and gas producer's stock, valued at approximately $3,138,000. Ghisallo Capital Management LLC owned approximately 0.06% of Viper Energy at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Capital World Investors grew its position in shares of Viper Energy by 7.2% in the 4th quarter. Capital World Investors now owns 5,487,692 shares of the oil and gas producer's stock worth $172,204,000 after buying an additional 369,463 shares during the last quarter. Epoch Investment Partners Inc. lifted its position in Viper Energy by 91.6% during the fourth quarter. Epoch Investment Partners Inc. now owns 2,505,280 shares of the oil and gas producer's stock valued at $78,616,000 after purchasing an additional 1,197,567 shares in the last quarter. Boston Partners increased its stake in shares of Viper Energy by 4.6% in the fourth quarter. Boston Partners now owns 1,837,651 shares of the oil and gas producer's stock worth $57,481,000 after purchasing an additional 80,321 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Viper Energy by 1.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,827,514 shares of the oil and gas producer's stock valued at $50,951,000 after purchasing an additional 21,977 shares during the period. Finally, Stephens Investment Management Group LLC lifted its stake in Viper Energy by 54.7% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,753,922 shares of the oil and gas producer's stock worth $55,038,000 after purchasing an additional 620,470 shares in the last quarter. Institutional investors own 87.72% of the company's stock.
Viper Energy Stock Performance
NASDAQ:VNOM traded up $1.10 during midday trading on Monday, hitting $37.51. The company's stock had a trading volume of 796,296 shares, compared to its average volume of 876,701. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.46 and a quick ratio of 3.46. The firm's 50 day moving average is $38.27 and its 200-day moving average is $34.88. Viper Energy, Inc. has a fifty-two week low of $24.48 and a fifty-two week high of $41.22. The firm has a market cap of $6.63 billion, a P/E ratio of 13.79 and a beta of 1.75.
Viper Energy (NASDAQ:VNOM - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.52 EPS for the quarter, topping the consensus estimate of $0.37 by $0.15. Viper Energy had a return on equity of 8.10% and a net margin of 24.24%. The business had revenue of $205.39 million for the quarter, compared to analyst estimates of $200.63 million. Equities analysts anticipate that Viper Energy, Inc. will post 1.97 earnings per share for the current fiscal year.
Viper Energy Increases Dividend
The firm also recently disclosed a None dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 15th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This is a boost from Viper Energy's previous None dividend of $0.56. This represents a dividend yield of 2.9%. Viper Energy's payout ratio is 39.71%.
Analysts Set New Price Targets
VNOM has been the subject of a number of research reports. Piper Sandler increased their target price on Viper Energy from $36.00 to $43.00 and gave the company an "overweight" rating in a research report on Friday, April 19th. TD Securities boosted their price objective on shares of Viper Energy from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, May 1st. Truist Financial raised their price target on Viper Energy from $52.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday, May 2nd. Finally, Barclays assumed coverage on Viper Energy in a report on Wednesday, April 10th. They set an "overweight" rating and a $44.00 target price for the company. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $41.29.
Check Out Our Latest Research Report on Viper Energy
Viper Energy Profile
(Free Report)
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.
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