Scout Investments Inc. acquired a new position in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,300,433 shares of the oil and gas producer's stock, valued at approximately $40,808,000. Viper Energy comprises about 1.0% of Scout Investments Inc.'s investment portfolio, making the stock its 18th largest position. Scout Investments Inc. owned about 0.73% of Viper Energy as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Chilton Capital Management LLC purchased a new position in Viper Energy in the fourth quarter worth $63,000. Parkside Financial Bank & Trust boosted its position in Viper Energy by 22.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,013 shares of the oil and gas producer's stock worth $95,000 after purchasing an additional 547 shares during the last quarter. ORG Partners LLC lifted its position in shares of Viper Energy by 26.7% during the 4th quarter. ORG Partners LLC now owns 3,230 shares of the oil and gas producer's stock valued at $101,000 after buying an additional 680 shares during the last quarter. Adalta Capital Management LLC purchased a new position in shares of Viper Energy during the 3rd quarter valued at $139,000. Finally, Naples Global Advisors LLC purchased a new position in shares of Viper Energy during the 4th quarter valued at $226,000. Hedge funds and other institutional investors own 87.72% of the company's stock.
Viper Energy Price Performance
NASDAQ VNOM traded down $0.05 during trading on Friday, reaching $36.41. The company's stock had a trading volume of 443,476 shares, compared to its average volume of 566,380. The stock has a market capitalization of $6.44 billion, a PE ratio of 13.39 and a beta of 1.74. 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 has a fifty day moving average of $38.28 and a 200 day moving average of $34.83. Viper Energy, Inc. has a one year low of $24.48 and a one year high of $41.22.
Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.15. The business had revenue of $205.39 million for the quarter, compared to analyst estimates of $200.63 million. Viper Energy had a return on equity of 8.10% and a net margin of 24.24%. Analysts expect that Viper Energy, Inc. will post 1.97 EPS for the current fiscal year.
Viper Energy Increases Dividend
The firm also recently announced a None dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 15th were paid a $0.59 dividend. This is a positive change from Viper Energy's previous None dividend of $0.56. This represents a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, May 14th. Viper Energy's dividend payout ratio is currently 39.71%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the company. Barclays assumed coverage on Viper Energy in a research report on Wednesday, April 10th. They set an "overweight" rating and a $44.00 price target on the stock. TD Securities upped their price target on 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 upped their price target on Viper Energy from $52.00 to $53.00 and gave the company a "buy" rating in a research report on Thursday, May 2nd. Finally, Piper Sandler increased their price objective on Viper Energy from $36.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, April 19th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $41.29.
Check Out Our Latest Stock 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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