Moors & Cabot Inc. Has $1.48 Million Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Moors & Cabot Inc. raised its holdings in Viper Energy, Inc. (NASDAQ:VNOM) by 4.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,355 shares of the oil and gas producer’s stock after acquiring an additional 1,545 shares during the period. Moors & Cabot Inc.’s holdings in Viper Energy were worth $1,477,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its position in shares of Viper Energy by 12.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,085,841 shares of the oil and gas producer’s stock valued at $78,282,000 after purchasing an additional 224,021 shares during the period. Plato Investment Management Ltd boosted its holdings in shares of Viper Energy by 119.2% in the second quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock valued at $106,000 after buying an additional 1,541 shares during the period. Oppenheimer Asset Management Inc. increased its position in shares of Viper Energy by 45.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 21,102 shares of the oil and gas producer’s stock worth $792,000 after acquiring an additional 6,566 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Viper Energy by 14.0% during the second quarter. American Century Companies Inc. now owns 24,119 shares of the oil and gas producer’s stock worth $905,000 after acquiring an additional 2,962 shares during the period. Finally, Ground Swell Capital LLC bought a new stake in Viper Energy in the 2nd quarter valued at $470,000. 87.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VNOM has been the topic of several recent research reports. Truist Financial lifted their price target on Viper Energy from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Evercore ISI boosted their price objective on shares of Viper Energy from $37.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, July 8th. Piper Sandler raised their target price on shares of Viper Energy from $44.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. TD Securities upped their target price on Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Finally, Barclays raised their price target on Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.17.

Viper Energy Stock Up 3.5 %

Shares of VNOM stock opened at $44.84 on Wednesday. Viper Energy, Inc. has a 52-week low of $26.73 and a 52-week high of $49.37. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 16.49 and a beta of 1.73. The firm’s 50-day moving average is $44.35 and its 200-day moving average is $40.12. The company has a debt-to-equity ratio of 0.35, a quick ratio of 7.06 and a current ratio of 7.06.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.19. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. The firm had revenue of $216.71 million for the quarter, compared to analyst estimates of $216.28 million. During the same quarter in the prior year, the company earned $0.47 earnings per share. The business’s revenue for the quarter was up 34.8% compared to the same quarter last year. Sell-side analysts predict that Viper Energy, Inc. will post 2.09 EPS for the current year.

Viper Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Thursday, August 15th. Viper Energy’s dividend payout ratio is presently 44.12%.

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.