Viper Energy, Inc. (NASDAQ:VNOM) Stake Increased by Boston Partners

Boston Partners lifted its holdings in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,837,651 shares of the oil and gas producer's stock after acquiring an additional 80,321 shares during the period. Boston Partners owned 1.03% of Viper Energy worth $57,481,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Chilton Capital Management LLC bought a new position in shares of Viper Energy in the 4th quarter valued at about $63,000. Parkside Financial Bank & Trust lifted its holdings in shares of Viper Energy by 22.2% in 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 acquiring an additional 547 shares during the last quarter. ORG Partners LLC lifted its holdings in shares of Viper Energy by 26.7% in the 4th quarter. ORG Partners LLC now owns 3,230 shares of the oil and gas producer's stock valued at $101,000 after acquiring an additional 680 shares during the last quarter. Adalta Capital Management LLC bought a new position in shares of Viper Energy in the 3rd quarter valued at about $139,000. Finally, Annandale Capital LLC bought a new position in shares of Viper Energy in the 3rd quarter valued at about $202,000. Institutional investors own 87.72% of the company's stock.

Viper Energy Trading Up 0.2 %

Shares of NASDAQ:VNOM traded up $0.07 during trading on Wednesday, reaching $37.12. 537,737 shares of the company were exchanged, compared to its average volume of 925,020. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.46 and a quick ratio of 3.46. The business's fifty day simple moving average is $38.01 and its 200-day simple moving average is $33.79. Viper Energy, Inc. has a 12-month low of $24.48 and a 12-month high of $41.22. The firm has a market capitalization of $6.56 billion, a PE ratio of 13.65 and a beta of 1.78.

Viper Energy (NASDAQ:VNOM - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The oil and gas producer reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.20. Viper Energy had a net margin of 24.24% and a return on equity of 8.10%. The firm had revenue of $204.70 million for the quarter, compared to the consensus estimate of $204.61 million. During the same period last year, the firm earned $0.28 earnings per share. The company's quarterly revenue was up .5% on a year-over-year basis. On average, research analysts anticipate that Viper Energy, Inc. will post 1.85 EPS for the current year.

Viper Energy Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VNOM. TD Securities increased their price objective 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. 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 report on Wednesday, January 24th. Barclays began coverage on shares of Viper Energy in a research report on Wednesday, April 10th. They issued an "overweight" rating and a $44.00 price objective on the stock. Truist Financial increased their price objective on shares of Viper Energy from $52.00 to $53.00 and gave the stock a "buy" rating in a research report on Thursday, May 2nd. Finally, Piper Sandler increased their price objective on shares of Viper Energy from $36.00 to $43.00 and gave the stock an "overweight" rating in a research report on Friday, April 19th. One equities research 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $41.29.

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.