Viper Energy, Inc. (NASDAQ:VNOM) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its stake in Viper Energy, Inc. (NASDAQ:VNOM) by 69.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,833 shares of the oil and gas producer’s stock after selling 53,271 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Viper Energy were worth $1,075,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its position in shares of Viper Energy by 328.5% in the third quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 450 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Viper Energy by 2.0% during the second quarter. Arizona State Retirement System now owns 22,600 shares of the oil and gas producer’s stock valued at $848,000 after acquiring an additional 453 shares during the last quarter. Andina Capital Management LLC lifted its holdings in Viper Energy by 3.8% in the 3rd quarter. Andina Capital Management LLC now owns 12,612 shares of the oil and gas producer’s stock valued at $569,000 after purchasing an additional 459 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Viper Energy by 208.1% during the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 460 shares in the last quarter. Finally, Truist Financial Corp boosted its position in Viper Energy by 4.5% during the second quarter. Truist Financial Corp now owns 11,230 shares of the oil and gas producer’s stock worth $421,000 after acquiring an additional 488 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on VNOM. StockNews.com lowered shares of Viper Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Roth Mkm upped their price objective on shares of Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. TD Securities increased their target price on Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Bank of America began coverage on shares of Viper Energy in a research report on Tuesday, November 26th. They issued a “buy” rating and a $64.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their target price on Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Viper Energy currently has an average rating of “Moderate Buy” and an average target price of $55.78.

Viper Energy Price Performance

Shares of NASDAQ:VNOM opened at $54.11 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. Viper Energy, Inc. has a 12 month low of $29.03 and a 12 month high of $56.76. The firm has a market capitalization of $10.19 billion, a P/E ratio of 23.22 and a beta of 1.72. The company’s fifty day moving average price is $51.44 and its 200 day moving average price is $45.01.

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

Viper Energy Dividend Announcement

The firm also recently disclosed 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 was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.22%. Viper Energy’s dividend payout ratio is presently 51.50%.

Viper Energy 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.