Olympiad Research LP Has $498,000 Stock Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Olympiad Research LP decreased its holdings in Viper Energy, Inc. (NASDAQ:VNOM) by 27.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,029 shares of the oil and gas producer’s stock after selling 4,227 shares during the quarter. Olympiad Research LP’s holdings in Viper Energy were worth $498,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in VNOM. Commonwealth Equity Services LLC acquired a new position in shares of Viper Energy in the 1st quarter valued at $537,000. BNP Paribas Financial Markets acquired a new position in shares of Viper Energy in the 1st quarter valued at $8,506,000. Larson Financial Group LLC raised its stake in shares of Viper Energy by 94.4% in the 1st quarter. Larson Financial Group LLC now owns 4,158 shares of the oil and gas producer’s stock valued at $160,000 after buying an additional 2,019 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Viper Energy by 458.2% in the 1st quarter. Empowered Funds LLC now owns 76,032 shares of the oil and gas producer’s stock valued at $2,924,000 after buying an additional 62,411 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Viper Energy by 61.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 14,536 shares of the oil and gas producer’s stock valued at $559,000 after buying an additional 5,556 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Trading Up 5.3 %

VNOM opened at $55.42 on Thursday. 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 $9.80 billion, a PE ratio of 23.79 and a beta of 1.72. Viper Energy, Inc. has a 1-year low of $27.61 and a 1-year high of $56.08. The firm has a 50-day moving average price of $48.71 and a two-hundred day moving average price of $43.13.

Viper Energy (NASDAQ:VNOM) last posted 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. The firm had revenue of $209.59 million during the quarter, compared to analysts’ expectations of $210.54 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.99%. The company’s quarterly revenue was down 28.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 EPS. As a group, equities analysts anticipate that Viper Energy, Inc. will post 2.03 earnings per share for the current fiscal year.

Viper Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Thursday, November 14th. Viper Energy’s dividend payout ratio is 51.50%.

Analysts Set New Price Targets

VNOM has been the topic of several analyst reports. StockNews.com lowered shares of Viper Energy from a “hold” rating to a “sell” rating in a report on Tuesday. Roth Mkm upped their target price on shares of Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Truist Financial upped their target price on shares of Viper Energy from $57.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, Barclays upped their target price on shares of Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.25.

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.