Viper Energy, Inc. (NASDAQ:VNOM) Stock Position Boosted by Heartland Advisors Inc.

Heartland Advisors Inc. boosted its stake in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 70.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 400,000 shares of the oil and gas producer's stock after buying an additional 165,000 shares during the period. Heartland Advisors Inc. owned 0.22% of Viper Energy worth $12,552,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chilton Capital Management LLC bought a new position in shares of Viper Energy during the 4th quarter valued at about $63,000. Parkside Financial Bank & Trust boosted its position in shares of Viper Energy by 22.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,013 shares of the oil and gas producer's stock valued at $95,000 after purchasing an additional 547 shares in the last quarter. ORG Partners LLC boosted its position in shares of Viper Energy by 26.7% during the 4th quarter. ORG Partners LLC now owns 3,230 shares of the oil and gas producer's stock valued at $101,000 after purchasing an additional 680 shares in the last quarter. Adalta Capital Management LLC acquired a new position in shares of Viper Energy in the third quarter worth about $139,000. Finally, Naples Global Advisors LLC acquired a new position in shares of Viper Energy in the fourth quarter worth about $226,000. Institutional investors own 87.72% of the company's stock.

Viper Energy Stock Performance

Shares of Viper Energy stock traded down $0.20 during midday trading on Tuesday, hitting $37.05. The company had a trading volume of 590,316 shares, compared to its average volume of 927,952. The business's 50 day simple moving average is $38.01 and its two-hundred day simple moving average is $33.79. The stock has a market cap of $6.55 billion, a PE ratio of 13.62 and a beta of 1.78. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.46 and a quick ratio of 3.46. Viper Energy, Inc. has a 1-year low of $24.48 and a 1-year high of $41.22.

Viper Energy (NASDAQ:VNOM - Get Free Report) last announced 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. The business had revenue of $204.70 million for the quarter, compared to the consensus estimate of $204.61 million. Viper Energy had a net margin of 24.24% and a return on equity of 8.10%. Viper Energy's quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the company posted $0.28 earnings per share. As a group, equities analysts predict that Viper Energy, Inc. will post 1.85 EPS for the current fiscal year.

Viper Energy Increases Dividend

The firm also recently declared a None dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, May 14th. This represents a yield of 2.9%. This is an increase from Viper Energy's previous None dividend of $0.56. Viper Energy's payout ratio is currently 39.71%.

Analysts Set New Price Targets

Several research analysts have commented on VNOM shares. Truist Financial raised their target price on shares of Viper Energy from $52.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, May 2nd. Barclays started coverage on shares of Viper Energy in a report on Wednesday, April 10th. They issued an "overweight" rating and a $44.00 target price for the company. Raymond James reduced their price target on shares of Viper Energy from $38.00 to $37.00 and set an "outperform" rating for the company in a research report on Wednesday, January 24th. TD Securities increased their price target on shares of Viper Energy from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, May 1st. Finally, Piper Sandler increased their price target on Viper Energy from $36.00 to $43.00 and gave the company an "overweight" rating in a report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $41.29.

Viper Energy Company 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.

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