Viper Energy, Inc. (NASDAQ:VNOM) Stake Raised by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust boosted its holdings in Viper Energy, Inc. (NASDAQ:VNOM) by 22.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,013 shares of the oil and gas producer’s stock after acquiring an additional 547 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Viper Energy were worth $95,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VNOM. Chilton Capital Management LLC bought a new stake in Viper Energy in the fourth quarter worth about $63,000. ORG Partners LLC raised its position in Viper Energy by 26.7% in the fourth quarter. ORG Partners LLC now owns 3,230 shares of the oil and gas producer’s stock worth $101,000 after acquiring an additional 680 shares in the last quarter. Adalta Capital Management LLC bought a new stake in Viper Energy in the third quarter worth about $139,000. Annandale Capital LLC bought a new stake in Viper Energy in the third quarter worth about $202,000. Finally, Segment Wealth Management LLC bought a new stake in Viper Energy in the third quarter worth about $206,000. 87.72% of the stock is currently owned by institutional investors.

Viper Energy Trading Down 0.8 %

NASDAQ:VNOM opened at $39.55 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.32 and a quick ratio of 4.32. Viper Energy, Inc. has a fifty-two week low of $24.48 and a fifty-two week high of $41.22. The stock’s 50-day moving average is $37.58 and its two-hundred day moving average is $32.96. The stock has a market cap of $6.99 billion, a PE ratio of 14.65 and a beta of 1.79.

Viper Energy (NASDAQ:VNOM) last released its earnings results 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. Viper Energy had a return on equity of 8.29% and a net margin of 24.17%. The company had revenue of $204.70 million for the quarter, compared to analysts’ expectations of $204.61 million. During the same quarter in the previous year, the business posted $0.28 EPS. The business’s revenue for the quarter was up .5% on a year-over-year basis. As a group, equities research analysts forecast that Viper Energy, Inc. will post 1.74 earnings per share for the current fiscal year.

Viper Energy Increases Dividend

The firm also recently announced a None dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, March 5th were paid a dividend of $0.56 per share. This represents a yield of 3%. The ex-dividend date was Monday, March 4th. This is a boost from Viper Energy’s previous None dividend of $0.09. Viper Energy’s payout ratio is 40.00%.

Wall Street Analyst Weigh In

VNOM has been the topic of several research reports. 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 target on the stock. Raymond James dropped their price target on Viper Energy from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 24th. StockNews.com cut Viper Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Truist Financial lifted their price target on Viper Energy from $47.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Piper Sandler lifted their price target on Viper Energy from $36.00 to $43.00 and gave the stock an “overweight” rating in a research note 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.50.

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.