Viper EnergyVNOM
About: Viper Energy Inc is focused on owning and acquiring mineral and royalty interests in oil and natural gas properties primarily in the Permian Basin. The Permian Basin is known to have a number of zones of oil and natural gas-bearing rock throughout.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
137% more call options, than puts
Call options by funds: $23.2M | Put options by funds: $9.81M
33% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 4 (+1) [Q2]
33% more repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 70
33% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 43
6% more funds holding
Funds holding: 248 [Q1] → 262 (+14) [Q2]
3% less capital invested
Capital invested by funds: $3.15B [Q1] → $3.05B (-$102M) [Q2]
6.32% less ownership
Funds ownership: 95.17% [Q1] → 88.85% (-6.32%) [Q2]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
JP Morgan Arun Jayaram 46% 1-year accuracy 13 / 28 met price target | 16%downside $44 | Overweight Maintained | 2 Oct 2024 |
Truist Securities Neal Dingmann 53% 1-year accuracy 73 / 138 met price target | 4%upside $54 | Buy Maintained | 30 Sept 2024 |
TD Securities Aaron Bilkoski 0 / 0 met price target | 8%downside $48 | Buy Maintained | 12 Sept 2024 |
Piper Sandler Mark Lear 37% 1-year accuracy 26 / 71 met price target | 9%upside $57 | Overweight Maintained | 15 Aug 2024 |
Truist Securities Neal Dingmann 53% 1-year accuracy 73 / 138 met price target | 6%upside $55 | Buy Maintained | 7 Aug 2024 |
Financial journalist opinion
Based on 7 articles about VNOM published over the past 30 days