Fisher Asset Management LLC Has $2.81 Million Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Fisher Asset Management LLC lessened its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 1.6% in the third quarter, HoldingsChannel.com reports. The firm owned 62,276 shares of the oil and gas producer’s stock after selling 1,000 shares during the quarter. Fisher Asset Management LLC’s holdings in Viper Energy were worth $2,809,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of Viper Energy by 328.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 450 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Viper Energy by 208.1% during 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 in the last quarter. International Assets Investment Management LLC bought a new position in shares of Viper Energy during the 2nd quarter worth approximately $36,000. Plato Investment Management Ltd boosted its holdings 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 buying an additional 1,541 shares in the last quarter. Finally, ORG Partners LLC boosted its holdings in shares of Viper Energy by 962.3% during the 2nd quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock worth $107,000 after buying an additional 2,550 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Truist Financial increased their price target on Viper Energy from $57.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. StockNews.com cut Viper Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Bank of America began coverage on Viper Energy in a report on Tuesday. They issued a “buy” rating and a $64.00 target price on the stock. Raymond James increased their target price on Viper Energy from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Roth Mkm increased their target price on Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Viper Energy currently has an average rating of “Moderate Buy” and a consensus price target of $55.78.

Viper Energy Price Performance

Shares of NASDAQ:VNOM opened at $53.94 on Friday. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $51.27 and its two-hundred day simple moving average is $44.79. Viper Energy, Inc. has a 1-year low of $29.03 and a 1-year high of $56.76. The stock has a market cap of $10.16 billion, a PE ratio of 23.15 and a beta of 1.72.

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

Viper Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Thursday, November 14th. Viper Energy’s dividend payout ratio (DPR) is presently 51.50%.

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.