Viper Energy, Inc. (NASDAQ:VNOM) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its holdings in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 123.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 544,626 shares of the oil and gas producer's stock after buying an additional 301,288 shares during the period. Allspring Global Investments Holdings LLC owned about 0.31% of Viper Energy worth $17,090,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in Viper Energy by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 62,727 shares of the oil and gas producer's stock valued at $1,994,000 after acquiring an additional 360 shares during the period. Alps Advisors Inc. increased its stake in shares of Viper Energy by 6.2% during the third quarter. Alps Advisors Inc. now owns 11,811 shares of the oil and gas producer's stock worth $329,000 after purchasing an additional 691 shares during the period. Creative Planning lifted its holdings in Viper Energy by 5.5% during the 4th quarter. Creative Planning now owns 15,262 shares of the oil and gas producer's stock worth $485,000 after purchasing an additional 800 shares during the last quarter. Arizona State Retirement System boosted its stake in Viper Energy by 4.4% in the 4th 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 period. Finally, UBS Group AG boosted its stake in Viper Energy by 3.9% in the 4th quarter. UBS Group AG now owns 27,670 shares of the oil and gas producer's stock valued at $880,000 after purchasing an additional 1,035 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Price Performance

VNOM traded down $0.45 during midday trading on Monday, hitting $39.95. The stock had a trading volume of 771,980 shares, compared to its average volume of 980,525. The company has a market cap of $7.07 billion, a P/E ratio of 14.80 and a beta of 1.79. Viper Energy, Inc. has a 1 year low of $24.48 and a 1 year high of $41.22. The business has a fifty day moving average of $36.30 and a 200 day moving average of $32.25. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.32 and a current ratio of 4.32.

Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.20. The company had revenue of $204.70 million during the quarter, compared to analyst estimates of $204.61 million. Viper Energy had a return on equity of 8.29% and a net margin of 24.17%. The firm's revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share. As a group, equities analysts forecast that Viper Energy, Inc. will post 1.7 earnings per share for the current fiscal year.

Viper Energy Increases Dividend

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

Analysts Set New Price Targets

VNOM has been the subject of a number of research reports. Barclays started coverage on Viper Energy in a report on Wednesday, April 10th. They set an "overweight" rating and a $44.00 target price for the company. Piper Sandler dropped their price target on Viper Energy from $37.00 to $36.00 and set an "overweight" rating for the company in a research note on Wednesday, January 24th. StockNews.com downgraded shares of Viper Energy from a "buy" rating to a "hold" rating in a report on Tuesday, January 9th. Raymond James reduced their price objective on shares of Viper Energy from $38.00 to $37.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 24th. Finally, Truist Financial increased their price target on Viper Energy from $47.00 to $52.00 and gave the stock a "buy" rating in a report on Friday, April 5th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $39.50.

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.