International Assets Investment Management LLC Has $2.03 Million Stake in Viper Energy, Inc. (NASDAQ:VNOM)

International Assets Investment Management LLC boosted its holdings in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 3,073.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 63,655 shares of the oil and gas producer's stock after buying an additional 61,649 shares during the quarter. International Assets Investment Management LLC's holdings in Viper Energy were worth $2,029,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in VNOM. Barclays PLC acquired a new position in Viper Energy in the first quarter worth approximately $31,000. Chilton Capital Management LLC acquired a new stake in shares of Viper Energy during the 1st quarter valued at $56,000. State of Wyoming acquired a new stake in shares of Viper Energy during the 4th quarter valued at $57,000. Sunbelt Securities Inc. acquired a new stake in shares of Viper Energy during the 1st quarter valued at $98,000. Finally, Adalta Capital Management LLC acquired a new stake in shares of Viper Energy during the 3rd quarter valued at $139,000. Institutional investors and hedge funds own 87.72% of the company's stock.

Viper Energy Stock Performance

VNOM traded up $0.12 during trading on Friday, hitting $39.04. The stock had a trading volume of 488,501 shares, compared to its average volume of 790,115. The firm has a market cap of $6.90 billion, a PE ratio of 14.46 and a beta of 1.79. Viper Energy, Inc. has a 12 month low of $24.48 and a 12 month high of $41.22. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.38. The company has a 50 day simple moving average of $37.07 and a 200-day simple moving average of $32.61.

Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The oil and gas producer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.20. Viper Energy had a net margin of 24.17% and a return on equity of 8.29%. The company 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 firm posted $0.28 EPS. The business's revenue was up .5% compared to the same quarter last year. Analysts expect that Viper Energy, Inc. will post 1.52 EPS for the current year.

Viper Energy Increases Dividend

The business also recently disclosed 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 of this dividend was Monday, March 4th. This represents a dividend yield of 3%. Viper Energy's payout ratio is presently 40.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VNOM shares. Raymond James decreased their target price on shares of Viper Energy from $38.00 to $37.00 and set an "outperform" rating for the company in a research note on Wednesday, January 24th. Piper Sandler lifted their price objective on shares of Viper Energy from $36.00 to $43.00 and gave the company an "overweight" rating in a research note on Friday. Barclays initiated coverage on shares of Viper Energy in a research note on Wednesday, April 10th. They issued an "overweight" rating and a $44.00 price objective for the company. Truist Financial lifted their price objective on shares of Viper Energy from $47.00 to $52.00 and gave the company a "buy" rating in a research note on Friday, April 5th. Finally, StockNews.com lowered shares of Viper Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, January 9th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $40.50.

About Viper Energy

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.