Swiss National Bank Acquires 38,700 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Swiss National Bank boosted its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 24.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 197,977 shares of the oil and gas producer’s stock after buying an additional 38,700 shares during the period. Swiss National Bank owned 0.11% of Viper Energy worth $8,931,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Farther Finance Advisors LLC grew its stake in Viper Energy by 328.5% in the third quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 450 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Viper Energy by 208.1% in the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 460 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Viper Energy in the 2nd quarter worth approximately $36,000. Plato Investment Management Ltd raised its stake in shares of Viper Energy by 119.2% during the 2nd quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock worth $106,000 after acquiring an additional 1,541 shares in the last quarter. Finally, ORG Partners LLC lifted its position in Viper Energy by 962.3% during the second quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock valued at $107,000 after acquiring an additional 2,550 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.

Viper Energy Price Performance

Shares of NASDAQ VNOM opened at $56.55 on Monday. Viper Energy, Inc. has a 52 week low of $29.03 and a 52 week high of $56.63. The business’s 50 day moving average price is $50.52 and its 200 day moving average price is $44.38. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. The firm has a market cap of $10.65 billion, a P/E ratio of 24.27 and a beta of 1.72.

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

Viper Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.12%. The ex-dividend date was Thursday, November 14th. Viper Energy’s dividend payout ratio is currently 51.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on VNOM shares. Barclays lifted their price target on shares of Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Roth Mkm boosted their target price on Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Truist Financial increased their price target on Viper Energy from $57.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. StockNews.com lowered Viper Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Finally, TD Securities upped their price objective on shares of Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat, Viper Energy currently has an average rating of “Moderate Buy” and an average price target of $54.75.

Viper Energy 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.