Janus Henderson Group PLC Boosts Stake in Viper Energy, Inc. (NASDAQ:VNOM)

Janus Henderson Group PLC increased its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 182.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 188,765 shares of the oil and gas producer’s stock after purchasing an additional 122,042 shares during the quarter. Janus Henderson Group PLC owned 0.11% of Viper Energy worth $8,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of VNOM. New York State Teachers Retirement System bought a new position in Viper Energy during the 3rd quarter valued at about $984,000. Amalgamated Bank purchased a new position in shares of Viper Energy during the second quarter valued at approximately $616,000. Assenagon Asset Management S.A. lifted its position in Viper Energy by 326.0% during 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 purchasing an additional 582,247 shares during the period. Summit Global Investments purchased a new stake in Viper Energy in the third quarter worth approximately $706,000. Finally, Louisiana State Employees Retirement System bought a new stake in Viper Energy in the 3rd quarter worth approximately $1,268,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

Viper Energy Stock Down 2.8 %

Shares of VNOM stock opened at $51.01 on Monday. The company has a market capitalization of $9.61 billion, a price-to-earnings ratio of 21.89 and a beta of 1.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. The company’s fifty day moving average price is $52.11 and its 200-day moving average price is $45.54. Viper Energy, Inc. has a one year low of $29.16 and a one year high of $56.76.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $209.59 million for the quarter, compared to the consensus estimate of $210.54 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The business’s revenue was down 28.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 earnings per share. Sell-side analysts expect that Viper Energy, Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 2.35%. Viper Energy’s payout ratio is 51.50%.

Wall Street Analyst Weigh In

VNOM has been the topic of several research analyst reports. StockNews.com cut Viper Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Raymond James increased their target price on Viper Energy from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Truist Financial boosted their price target on Viper Energy from $57.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Bank of America assumed coverage on shares of Viper Energy in a research note on Tuesday, November 26th. They issued a “buy” rating and a $64.00 price objective on the stock. Finally, TD Securities boosted their target price on shares of Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.90.

About Viper Energy

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.