Viper Energy Closes Sitio Deal, Raises Q3 Production Outlook

Key Takeaways Viper Energy, Inc. (VNOM) , a subsidiary of Diamondback Energy, Inc. (FANG) , announced that it has completed the acquisition of Sitio Royalties Corp. in an all-equity transaction. The closing marks a milestone for both companies, creating a new leader in the minerals and royalties space. Investors interested in the energy sector may look at a couple of better-ranked stocks like Antero Midstream Corporation (AM) and Enbridge Inc. (ENB) , both carrying a Zacks Rank #2 (Buy) at present. You can ...