Citigroup Inc. reduced its stake in Viper Energy, Inc. (NASDAQ:VNOM – Free Report) by 26.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,302 shares of the oil and gas producer’s stock after selling 1,211 shares during the period. Citigroup Inc.’s holdings in Viper Energy were worth $92,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in VNOM. ArrowMark Colorado Holdings LLC increased its stake in Viper Energy by 47.2% in the second quarter. ArrowMark Colorado Holdings LLC now owns 2,446,218 shares of the oil and gas producer’s stock valued at $65,632,000 after purchasing an additional 784,335 shares during the last quarter. Bank of America Corp DE increased its stake in Viper Energy by 273.6% in the first quarter. Bank of America Corp DE now owns 560,143 shares of the oil and gas producer’s stock valued at $15,684,000 after purchasing an additional 410,198 shares during the last quarter. Heartland Advisors Inc. purchased a new position in Viper Energy in the third quarter valued at approximately $6,552,000. Two Sigma Investments LP increased its stake in Viper Energy by 286.8% in the fourth quarter. Two Sigma Investments LP now owns 209,016 shares of the oil and gas producer’s stock valued at $6,645,000 after purchasing an additional 154,973 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in Viper Energy by 98.8% in the first quarter. Two Sigma Advisers LP now owns 243,900 shares of the oil and gas producer’s stock valued at $6,829,000 after purchasing an additional 121,200 shares during the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have recently weighed in on VNOM. Piper Sandler decreased their price objective on Viper Energy from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. StockNews.com downgraded Viper Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Evercore ISI reissued an “outperform” rating and issued a $37.00 price objective on shares of Viper Energy in a report on Thursday, December 7th. Finally, Raymond James decreased their price target on Viper Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.58.
Check Out Our Latest Research Report on VNOM
Viper Energy Stock Performance
NASDAQ VNOM opened at $38.46 on Monday. The firm has a market capitalization of $6.80 billion, a P/E ratio of 14.24 and a beta of 1.79. Viper Energy, Inc. has a 1-year low of $24.48 and a 1-year high of $38.76. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.32 and a quick ratio of 4.32. The business’s 50-day simple moving average is $34.66 and its 200-day simple moving average is $31.44.
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 for the quarter, beating the consensus estimate of $0.47 by $0.20. The business had revenue of $204.70 million for 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 company’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. Equities analysts predict that Viper Energy, Inc. will post 1.62 EPS for the current year.
Viper Energy Increases Dividend
The company also recently disclosed a None dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, March 5th were paid a $0.56 dividend. This is a positive change from Viper Energy’s previous None dividend of $0.09. This represents a dividend yield of 3%. The ex-dividend date of this dividend was Monday, March 4th. Viper Energy’s payout ratio is currently 40.00%.
About Viper Energy
Viper Energy, Inc owns and acquires mineral and royalty interests in oil and natural gas properties primarily 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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