Flow Traders U.S. LLC Buys New Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Flow Traders U.S. LLC bought a new stake in Viper Energy, Inc. (NASDAQ:VNOM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,465 shares of the oil and gas producer’s stock, valued at approximately $472,000.

A number of other large investors have also modified their holdings of the company. Assenagon Asset Management S.A. grew its position in Viper Energy by 326.0% in the second quarter. Assenagon Asset Management S.A. now owns 760,830 shares of the oil and gas producer’s stock valued at $28,554,000 after acquiring an additional 582,247 shares during the period. Principal Financial Group Inc. grew its position in Viper Energy by 3,200.2% in the third quarter. Principal Financial Group Inc. now owns 235,307 shares of the oil and gas producer’s stock valued at $10,615,000 after acquiring an additional 228,177 shares during the period. Massachusetts Financial Services Co. MA grew its position in Viper Energy by 12.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,085,841 shares of the oil and gas producer’s stock valued at $78,282,000 after acquiring an additional 224,021 shares during the period. SIR Capital Management L.P. grew its position in Viper Energy by 26.5% in the second quarter. SIR Capital Management L.P. now owns 776,800 shares of the oil and gas producer’s stock valued at $29,153,000 after acquiring an additional 162,900 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in Viper Energy in the second quarter valued at $5,856,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Trading Down 4.3 %

NASDAQ:VNOM opened at $52.05 on Thursday. Viper Energy, Inc. has a 1-year low of $29.03 and a 1-year high of $56.76. The business’s 50-day moving average price is $51.82 and its two-hundred day moving average price is $45.30. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $9.81 billion, a price-to-earnings ratio of 22.34 and a beta of 1.71.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The firm had revenue of $209.59 million for the quarter, compared to analyst estimates of $210.54 million. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The company’s quarterly revenue was down 28.5% on a year-over-year basis. On average, equities analysts expect that Viper Energy, Inc. will post 2.02 earnings per share for the current year.

Viper Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.31%. The ex-dividend date was Thursday, November 14th. Viper Energy’s payout ratio is 51.50%.

Analysts Set New Price Targets

A number of brokerages have weighed in on VNOM. Barclays upped their price target on Viper Energy from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group assumed coverage on Viper Energy in a report on Monday. They set a “buy” rating and a $70.00 target price on the stock. Truist Financial increased their target price on Viper Energy from $57.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Roth Mkm increased their target price on Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased their target price on Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.20.

Viper Energy Company Profile

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.