Viper Energy Inc (NASDAQ: VNOM) is 40.24% higher on its value in year-to-date trading and has touched a low of $25.84 and a high of $49.37 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VNOM stock was last observed hovering at around $43.35 in the last trading session, with the day’s loss setting it -0.38%.
Currently trading at $42.97, the stock is -7.95% and -1.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.95 million and changing -0.88% at the moment leaves the stock 16.57% off its SMA200. VNOM registered 55.09% gain for a year compared to 6-month gain of 20.94%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -7.57% loss in the last 1 month and extending the period to 3 months gives it a 15.61%, and is -5.77% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.12% over the week and 2.68% over the month.
Current P/E ratio is 14.70 and Fwd P/E is 18.96. Profit margin for the company is 28.77%. Distance from 52-week low is 66.30% and -12.96% from its 52-week high. The company has generated returns on investments over the last 12 months (11.28%).
with sales reaching $221.73M over the same period.The EPS is expected to shrink by -22.89% this year, but quarterly earnings will post 4.40% year-over-year. Quarterly sales are estimated to shrink -24.40% in year-over-year returns.
Viper Energy Inc (VNOM) Top Institutional Holders
339.0 institutions hold shares in Viper Energy Inc (VNOM), with institutional investors hold 90.92% of the company’s shares. The shares outstanding are 91.45M, and float is at 90.38M with Short Float at 4.29%. Institutions hold 90.59% of the Float.
The top institutional shareholder in the company is WELLINGTON MANAGEMENT GROUP LLP with over 13.55 million shares valued at $508.56 million. The investor’s holdings represent 15.48% of the VNOM Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 8.67 million shares valued at $325.28 million to account for 9.9011 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 6.41 million shares representing 7.3259% and valued at over $240.68 million, while BLACKROCK INC. holds 4.521 of the shares totaling 3.96 million with a market value of $148.53 million.
Viper Energy Inc (VNOM) Insider Activity
The most recent transaction is an insider sale by Diamondback Energy, Inc., the company’s Director. SEC filings show that Diamondback Energy, Inc. sold 13,225,000 shares of the company’s common stock on Mar 08 ’24 at a price of $34.12 per share for a total of $451.3 million. Following the sale, the insider now owns 0.0 shares.
Viper Energy Inc disclosed in a document filed with the SEC on Nov 16 ’23 that Warwick Royalty & Mineral Mast (10% Owner) sold a total of 9,018,760 shares of the company’s common stock. The trade occurred on Nov 16 ’23 and was made at $28.70 per share for $258.84 million. Following the transaction, the insider now directly holds 0.0 shares of the VNOM stock.
