Bridgewater Associates LP Makes New $5.70 Million Investment in Viper Energy, Inc. (NASDAQ:VNOM)

Bridgewater Associates LP purchased a new stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 126,300 shares of the oil and gas producer’s stock, valued at approximately $5,697,000. Bridgewater Associates LP owned 0.07% of Viper Energy at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD bought a new stake in shares of Viper Energy in the 1st quarter valued at about $601,000. California State Teachers Retirement System lifted its holdings in Viper Energy by 18.4% during the first quarter. California State Teachers Retirement System now owns 72,600 shares of the oil and gas producer’s stock worth $2,792,000 after buying an additional 11,293 shares during the period. Tidal Investments LLC bought a new stake in Viper Energy during the 1st quarter valued at $290,000. SG Americas Securities LLC increased its holdings in shares of Viper Energy by 627.6% in the 2nd quarter. SG Americas Securities LLC now owns 78,413 shares of the oil and gas producer’s stock valued at $2,943,000 after acquiring an additional 67,636 shares during the period. Finally, Diversify Advisory Services LLC bought a new position in shares of Viper Energy in the 2nd quarter worth $203,000. 87.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Truist Financial raised their price objective on Viper Energy from $57.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price objective on shares of Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. TD Securities boosted their price objective on shares of Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Roth Mkm raised their target price on shares of Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Piper Sandler upped their price target on Viper Energy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.78.

Viper Energy Trading Up 0.3 %

NASDAQ:VNOM opened at $54.11 on Friday. The company has a market capitalization of $10.19 billion, a P/E ratio of 23.22 and a beta of 1.72. 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 $56.76. The firm has a fifty day simple moving average of $51.44 and a 200-day simple moving average of $44.90.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $209.59 million during the quarter, compared to analysts’ expectations of $210.54 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The firm’s revenue was down 28.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 EPS. On average, equities research analysts anticipate that Viper Energy, Inc. will post 2.03 earnings per share for the current year.

Viper Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 2.22%. Viper Energy’s dividend payout ratio (DPR) is presently 51.50%.

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.