15,614 Shares in Viper Energy, Inc. (NASDAQ:VNOM) Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD bought a new position in Viper Energy, Inc. (NASDAQ:VNOM) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 15,614 shares of the oil and gas producer’s stock, valued at approximately $601,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arizona State Retirement System raised its holdings in shares of Viper Energy by 4.4% during the fourth quarter. Arizona State Retirement System now owns 19,266 shares of the oil and gas producer’s stock valued at $605,000 after purchasing an additional 812 shares during the last quarter. International Assets Investment Management LLC raised its stake in Viper Energy by 3,073.2% during the 4th quarter. International Assets Investment Management LLC now owns 63,655 shares of the oil and gas producer’s stock valued at $2,029,000 after buying an additional 61,649 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in Viper Energy during the 4th quarter valued at $460,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Viper Energy by 22.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,221 shares of the oil and gas producer’s stock valued at $446,000 after buying an additional 2,621 shares during the period. Finally, Cannon Global Investment Management LLC purchased a new position in shares of Viper Energy in the 4th quarter worth $631,000. Institutional investors own 87.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. TD Securities upped their price objective on Viper Energy from $43.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Truist Financial increased their price objective on shares of Viper Energy from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Evercore ISI raised their price objective on shares of Viper Energy from $37.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, July 8th. Barclays upped their target price on shares of Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Finally, Piper Sandler lifted their price target on shares of Viper Energy from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Viper Energy presently has an average rating of “Moderate Buy” and an average target price of $43.86.

Viper Energy Trading Down 1.1 %

Shares of VNOM opened at $46.28 on Wednesday. The firm has a market cap of $8.18 billion, a P/E ratio of 17.01 and a beta of 1.74. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 7.06. Viper Energy, Inc. has a 1 year low of $26.71 and a 1 year high of $46.91. The company has a 50 day simple moving average of $39.93 and a two-hundred day simple moving average of $37.89.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.19. The company had revenue of $216.71 million during the quarter, compared to analysts’ expectations of $216.28 million. Viper Energy had a net margin of 25.63% and a return on equity of 8.46%. Viper Energy’s quarterly revenue was up 34.8% on a year-over-year basis. During the same period last year, the company posted $0.47 earnings per share. On average, equities analysts expect that Viper Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Viper Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.59%. Viper Energy’s dividend payout ratio is currently 39.71%.

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.