Sentry Investment Management LLC Sells 2,491 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Sentry Investment Management LLC trimmed its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 17.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,161 shares of the oil and gas producer’s stock after selling 2,491 shares during the quarter. Sentry Investment Management LLC’s holdings in Viper Energy were worth $456,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of Viper Energy by 20.0% during the fourth quarter. Wellington Management Group LLP now owns 13,490,896 shares of the oil and gas producer’s stock valued at $423,344,000 after purchasing an additional 2,246,219 shares in the last quarter. Vanguard Group Inc. increased its position in Viper Energy by 23.3% during the first quarter. Vanguard Group Inc. now owns 8,481,119 shares of the oil and gas producer’s stock valued at $326,184,000 after acquiring an additional 1,603,333 shares during the last quarter. Capital World Investors increased its position in shares of Viper Energy by 16.8% during the 1st quarter. Capital World Investors now owns 6,410,968 shares of the oil and gas producer’s stock valued at $246,566,000 after purchasing an additional 923,276 shares during the last quarter. Epoch Investment Partners Inc. raised its position in Viper Energy by 19.8% in the first quarter. Epoch Investment Partners Inc. now owns 3,001,411 shares of the oil and gas producer’s stock worth $115,434,000 after acquiring an additional 496,131 shares during the period. Finally, Scout Investments Inc. raised its holdings in Viper Energy by 48.8% in the 1st quarter. Scout Investments Inc. now owns 1,934,469 shares of the oil and gas producer’s stock worth $73,703,000 after purchasing an additional 634,036 shares during the period. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Viper Energy Trading Up 0.8 %

VNOM opened at $45.13 on Thursday. Viper Energy, Inc. has a one year low of $26.73 and a one year high of $49.37. The company has a debt-to-equity ratio of 0.35, a quick ratio of 7.06 and a current ratio of 7.06. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 16.59 and a beta of 1.73. The stock’s 50 day moving average price is $43.99 and its 200-day moving average price is $39.88.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.19. The company had revenue of $216.71 million during the quarter, compared to analyst estimates of $216.28 million. Viper Energy had a net margin of 25.63% and a return on equity of 8.46%. The firm’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. On average, equities analysts forecast that Viper Energy, Inc. will post 2.1 EPS for the current year.

Viper Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were issued a $0.30 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.66%. Viper Energy’s payout ratio is currently 44.12%.

Analyst Ratings Changes

VNOM has been the topic of several recent research reports. Truist Financial raised their price objective on Viper Energy from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Evercore ISI lifted their price target on shares of Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, July 8th. Barclays increased their price objective on shares of Viper Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Piper Sandler lifted their target price on shares of Viper Energy from $44.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Finally, TD Securities increased their price target on Viper Energy from $43.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Viper Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.83.

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.