4,669 Shares in Viper Energy, Inc. (NASDAQ:VNOM) Bought by Forum Financial Management LP

Forum Financial Management LP acquired a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,669 shares of the oil and gas producer’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of VNOM. Farther Finance Advisors LLC grew its position in Viper Energy by 328.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 450 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Viper Energy by 208.1% during the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 460 shares during the period. International Assets Investment Management LLC acquired a new position in Viper Energy during the 2nd quarter worth about $36,000. Plato Investment Management Ltd lifted its holdings in Viper Energy by 119.2% during the 2nd quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock worth $106,000 after buying an additional 1,541 shares during the period. Finally, ORG Partners LLC lifted its holdings in Viper Energy by 962.3% during the 2nd quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock worth $107,000 after buying an additional 2,550 shares during the period. Institutional investors own 87.72% of the company’s stock.

Viper Energy Trading Down 0.6 %

NASDAQ:VNOM opened at $52.63 on Wednesday. Viper Energy, Inc. has a 12 month low of $27.61 and a 12 month high of $54.66. The company has a current ratio of 7.06, a quick ratio of 7.06 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $9.31 billion, a price-to-earnings ratio of 18.02 and a beta of 1.72. The firm has a fifty day simple moving average of $48.56 and a two-hundred day simple moving average of $43.04.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Viper Energy had a net margin of 25.63% and a return on equity of 8.46%. The company had revenue of $209.59 million for the quarter, compared to analysts’ expectations of $210.54 million. During the same quarter in the prior year, the firm earned $1.10 EPS. The business’s revenue was down 28.5% on a year-over-year basis. Analysts expect that Viper Energy, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. TD Securities lifted their target price on Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Barclays lifted their target price on Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday. Piper Sandler lifted their target price on Viper Energy from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. StockNews.com downgraded Viper Energy from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Truist Financial lifted their target price on Viper Energy from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.38.

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.