SG Americas Securities LLC Buys Shares of 56,091 Viper Energy, Inc. (NASDAQ:VNOM)

SG Americas Securities LLC bought a new stake in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 56,091 shares of the oil and gas producer's stock, valued at approximately $1,760,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC bought a new stake in shares of Viper Energy in the 1st quarter worth $31,000. Chilton Capital Management LLC bought a new stake in shares of Viper Energy in the 1st quarter worth $56,000. International Assets Investment Management LLC bought a new stake in shares of Viper Energy in the 3rd quarter worth $57,000. State of Wyoming bought a new stake in shares of Viper Energy in the 4th quarter worth $57,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of Viper Energy in the 1st quarter worth $98,000. Institutional investors own 87.72% of the company's stock.

Viper Energy Stock Up 1.6 %

Shares of VNOM stock traded up $0.60 on Friday, reaching $38.46. 1,294,279 shares of the company's stock traded hands, compared to its average volume of 1,685,749. Viper Energy, Inc. has a 12-month low of $24.48 and a 12-month high of $38.76. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.32 and a current ratio of 4.32. The company has a market capitalization of $6.80 billion, a P/E ratio of 14.24 and a beta of 1.79. The business's 50 day moving average price is $34.66 and its two-hundred day moving average price is $31.42.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.20. Viper Energy had a return on equity of 8.29% and a net margin of 24.17%. The business had revenue of $204.70 million for the quarter, compared to the consensus estimate of $204.61 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. Viper Energy's revenue for the quarter was up .5% compared to the same quarter last year. On average, equities analysts forecast that Viper Energy, Inc. will post 1.62 earnings per share for the current year.

Viper Energy Increases Dividend

The firm also recently declared a None dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, March 5th were issued a dividend of $0.56 per share. This is an increase from Viper Energy's previous None dividend of $0.09. The ex-dividend date was Monday, March 4th. This represents a dividend yield of 3%. Viper Energy's payout ratio is currently 40.00%.

Wall Street Analysts Forecast Growth

VNOM has been the topic of a number of research reports. Piper Sandler dropped their price objective on Viper Energy from $37.00 to $36.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 24th. Raymond James decreased their target price on Viper Energy from $38.00 to $37.00 and set an "outperform" rating on the stock in a report on Wednesday, January 24th. Evercore ISI restated an "outperform" rating and issued a $37.00 target price on shares of Viper Energy in a report on Thursday, December 7th. Finally, StockNews.com cut Viper Energy from a "buy" rating to a "hold" rating in a report on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.58.

About Viper Energy

Viper Energy, Inc owns and acquires mineral and royalty interests in oil and natural gas properties primarily 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.