Zurcher Kantonalbank Zurich Cantonalbank Has $446,000 Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Viper Energy, Inc. (NASDAQ:VNOM) by 22.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,221 shares of the oil and gas producer’s stock after buying an additional 2,621 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Viper Energy were worth $446,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chilton Capital Management LLC bought a new position in shares of Viper Energy in the fourth quarter worth about $63,000. ORG Partners LLC raised its stake in shares of 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 during the last quarter. Adalta Capital Management LLC bought a new position in shares of Viper Energy in the third quarter worth about $139,000. Annandale Capital LLC bought a new position in shares of Viper Energy in the third quarter worth about $202,000. Finally, Segment Wealth Management LLC bought a new stake in shares of Viper Energy during the third quarter worth approximately $206,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Stock Up 1.3 %

Shares of NASDAQ:VNOM opened at $37.62 on Friday. Viper Energy, Inc. has a 52 week low of $24.48 and a 52 week high of $41.22. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.32 and a current ratio of 4.32. The company has a market capitalization of $6.65 billion, a PE ratio of 13.83 and a beta of 1.78. The company has a 50 day moving average price of $37.88 and a two-hundred day moving average price of $33.34.

Viper Energy (NASDAQ:VNOM) last released its quarterly 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. The company had revenue of $204.70 million during 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 8.38%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 earnings per share. Analysts forecast that Viper Energy, Inc. will post 1.74 earnings per share for the current year.

Viper Energy Increases Dividend

The business also recently declared a None dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 15th will be issued a $0.59 dividend. This represents a dividend yield of 2.9%. The ex-dividend date is Tuesday, May 14th. This is a boost from Viper Energy’s previous None dividend of $0.56. Viper Energy’s dividend payout ratio is 39.71%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VNOM. Piper Sandler boosted their price target 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. StockNews.com downgraded shares of Viper Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Truist Financial boosted their price target on shares of Viper Energy from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday. Raymond James dropped their price target on shares of Viper Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Wednesday, January 24th. Finally, Barclays assumed coverage on shares of Viper Energy in a research note on Wednesday, April 10th. They set an “overweight” rating and a $44.00 price target for the company. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.29.

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.