Fulcrum Equity Management Increases Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Fulcrum Equity Management grew its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,543 shares of the oil and gas producer’s stock after buying an additional 375 shares during the period. Fulcrum Equity Management’s holdings in Viper Energy were worth $430,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of VNOM. Farther Finance Advisors LLC lifted its holdings in shares of 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. Arizona State Retirement System lifted its stake in Viper Energy by 2.0% during the second quarter. Arizona State Retirement System now owns 22,600 shares of the oil and gas producer’s stock worth $848,000 after purchasing an additional 453 shares during the last quarter. Andina Capital Management LLC boosted its holdings in shares of Viper Energy by 3.8% in the 3rd quarter. Andina Capital Management LLC now owns 12,612 shares of the oil and gas producer’s stock worth $569,000 after purchasing an additional 459 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Viper Energy by 208.1% during the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 460 shares during the last quarter. Finally, Truist Financial Corp increased its position in shares of Viper Energy by 4.5% during the 2nd quarter. Truist Financial Corp now owns 11,230 shares of the oil and gas producer’s stock valued at $421,000 after purchasing an additional 488 shares during the last quarter. 87.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VNOM shares. JPMorgan Chase & Co. upped their target price on Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. The Goldman Sachs Group initiated coverage on shares of Viper Energy in a report on Monday, December 2nd. They set a “buy” rating and a $70.00 target price on the stock. TD Securities boosted their price target on shares of Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Bank of America started coverage on shares of Viper Energy in a research report on Tuesday, November 26th. They set a “buy” rating and a $64.00 price target for the company. Finally, Truist Financial lifted their price objective on Viper Energy from $57.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.90.

Viper Energy Stock Performance

VNOM stock opened at $50.71 on Thursday. The stock’s 50 day simple moving average is $52.38 and its 200 day simple moving average is $45.76. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a 12-month low of $29.16 and a 12-month high of $56.76. The stock has a market capitalization of $9.55 billion, a PE ratio of 21.76 and a beta of 1.71.

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 for the quarter, beating the consensus estimate of $0.47 by $0.02. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The firm had revenue of $209.59 million during the quarter, compared to analysts’ expectations of $210.54 million. During the same period in the previous year, the company earned $1.10 earnings per share. The firm’s quarterly revenue was down 28.5% on a year-over-year basis. As a group, research analysts forecast that Viper Energy, Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Thursday, November 14th. Viper Energy’s payout ratio is currently 51.50%.

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.