Massachusetts Financial Services Co. MA Reduces Stock Position in Viper Energy, Inc. (NASDAQ:VNOM)

Massachusetts Financial Services Co. MA lessened its position in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 20.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,456,970 shares of the oil and gas producer's stock after selling 370,544 shares during the period. Massachusetts Financial Services Co. MA owned about 0.82% of Viper Energy worth $45,720,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of VNOM. Cannon Global Investment Management LLC acquired a new stake in shares of Viper Energy during the 4th quarter worth about $631,000. Vanguard Group Inc. lifted its stake in shares of Viper Energy by 13.4% during the 3rd quarter. Vanguard Group Inc. now owns 600,462 shares of the oil and gas producer's stock worth $16,741,000 after buying an additional 70,815 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its stake in shares of Viper Energy by 18.9% during the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 181,535 shares of the oil and gas producer's stock worth $5,697,000 after buying an additional 28,800 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Viper Energy during the 3rd quarter worth about $1,747,000. Finally, Apollon Wealth Management LLC lifted its stake in shares of Viper Energy by 14.3% during the 4th quarter. Apollon Wealth Management LLC now owns 9,376 shares of the oil and gas producer's stock worth $294,000 after buying an additional 1,176 shares during the last quarter. Institutional investors own 87.72% of the company's stock.

Viper Energy Stock Performance

NASDAQ VNOM traded up $0.43 during trading on Friday, reaching $37.67. The company's stock had a trading volume of 293,337 shares, compared to its average volume of 915,795. The firm has a 50 day moving average price of $38.09 and a 200 day moving average price of $33.88. 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 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 13.85 and a beta of 1.78.

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, beating analysts' consensus estimates of $0.47 by $0.20. The business had revenue of $204.70 million for the quarter, compared to analysts' expectations of $204.61 million. Viper Energy had a net margin of 24.24% and a return on equity of 8.10%. The firm's quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. As a group, equities analysts anticipate that Viper Energy, Inc. will post 1.86 EPS for the current fiscal year.

Viper Energy Increases Dividend

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

Wall Street Analyst Weigh In

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