Aurora Investment Counsel Sells 13,942 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Aurora Investment Counsel lowered its position in Viper Energy, Inc. (NASDAQ:VNOM) by 29.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,179 shares of the oil and gas producer’s stock after selling 13,942 shares during the period. Aurora Investment Counsel’s holdings in Viper Energy were worth $1,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in VNOM. Farther Finance Advisors LLC raised its stake in shares of Viper Energy by 328.5% during the third quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 450 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Viper Energy by 208.1% during the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 460 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Viper Energy during the second quarter valued at approximately $36,000. ORG Partners LLC raised its stake in shares of Viper Energy by 962.3% during the second quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock valued at $107,000 after acquiring an additional 2,550 shares in the last quarter. Finally, Plato Investment Management Ltd raised its stake in shares of Viper Energy by 119.2% during 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 acquiring an additional 1,541 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Viper Energy Price Performance

NASDAQ VNOM opened at $54.01 on Thursday. The firm’s fifty day simple moving average is $49.84 and its two-hundred day simple moving average is $44.05. 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 $29.03 and a 12-month high of $56.08. The firm has a market capitalization of $10.18 billion, a P/E ratio of 23.18 and a beta of 1.72.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, topping 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 business had revenue of $209.59 million for the quarter, compared to analyst estimates of $210.54 million. During the same period in the previous year, the company earned $1.10 earnings per share. The business’s revenue for the quarter was down 28.5% on a year-over-year basis. Analysts forecast that Viper Energy, Inc. will post 2.03 EPS for the current fiscal year.

Viper Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.22%. The ex-dividend date is Thursday, November 14th. Viper Energy’s dividend payout ratio is currently 51.50%.

Wall Street Analyst Weigh In

VNOM has been the subject of several research analyst reports. Piper Sandler lifted their price target on shares of Viper Energy from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday. StockNews.com downgraded shares of Viper Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Truist Financial lifted their price target on shares of Viper Energy from $57.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Roth Mkm boosted their price objective on shares of Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Barclays boosted their price objective on shares of Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $51.63.

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.