Viper Energy Inc (NASDAQ: VNOM) is 49.02% 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 $45.45 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $45.66, the stock is -0.80% and 3.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.6 million and changing 0.46% at the moment leaves the stock 22.67% off its SMA200. VNOM registered 66.60% gain for a year compared to 6-month gain of 23.09%.
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The stock witnessed a -2.08% loss in the last 1 month and extending the period to 3 months gives it a 27.83%, and is 6.26% up 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 3.19% over the week and 2.86% over the month.
Current P/E ratio is 15.62 and Fwd P/E is 21.42. Profit margin for the company is 28.77%. Distance from 52-week low is 76.71% and -7.51% 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 -24.73% 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
340.0 institutions hold shares in Viper Energy Inc (VNOM), with institutional investors hold 81.91% of the company’s shares. The shares outstanding are 101.45M, and float is at 100.27M with Short Float at 3.87%. Institutions hold 81.64% 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.
