CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT reduced its stake in Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 15.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,000 shares of the oil and gas producer's stock after selling 44,802 shares during the quarter. Viper Energy comprises approximately 0.7% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's portfolio, making the stock its 25th biggest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned approximately 0.12% of Viper Energy worth $11,468,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Viper Energy in the fourth quarter valued at about $32,000. Assetmark Inc. grew its stake in shares of Viper Energy by 321.7% in the fourth quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock worth $33,000 after purchasing an additional 518 shares during the last quarter. UMB Bank n.a. increased its holdings in Viper Energy by 129.0% during the 1st quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer's stock valued at $33,000 after purchasing an additional 414 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Viper Energy by 43.9% in the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock worth $34,000 after purchasing an additional 214 shares during the period. Finally, Golden State Wealth Management LLC boosted its stake in shares of Viper Energy by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,000 shares of the oil and gas producer's stock valued at $45,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 87.72% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have commented on VNOM. KeyCorp lowered their price objective on Viper Energy from $62.00 to $56.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Wells Fargo & Company lifted their price target on shares of Viper Energy from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Monday, June 16th. TD Securities upped their price objective on shares of Viper Energy from $57.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Evercore ISI lifted their target price on shares of Viper Energy from $49.00 to $51.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, Wall Street Zen upgraded Viper Energy from a "sell" rating to a "hold" rating in a research note on Sunday. One equities research analyst has rated the stock with a hold rating and thirteen 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 price target of $57.00.
Read Our Latest Report on VNOM
Viper Energy Trading Up 0.3%
Shares of NASDAQ:VNOM traded up $0.12 on Tuesday, hitting $38.25. 1,463,673 shares of the company's stock were exchanged, compared to its average volume of 1,584,896. The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 18.29 and a beta of 1.00. Viper Energy Inc. has a 12 month low of $34.71 and a 12 month high of $56.76. The business's 50 day simple moving average is $40.68 and its two-hundred day simple moving average is $44.17. The company has a debt-to-equity ratio of 0.15, a current ratio of 8.70 and a quick ratio of 8.70.
Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.09. Viper Energy had a net margin of 43.43% and a return on equity of 5.41%. The firm had revenue of $245.00 million during the quarter, compared to the consensus estimate of $233.99 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Analysts anticipate that Viper Energy Inc. will post 2.02 EPS for the current fiscal year.
Viper Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.14%. Viper Energy's dividend payout ratio is currently 31.58%.
Viper Energy Company Profile
(
Free Report)
Viper Energy, Inc engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.
Further Reading
Before you consider Viper Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Viper Energy wasn't on the list.
While Viper Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for July 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
