Barclays PLC Boosts Stock Position in Viper Energy, Inc. (NASDAQ:VNOM)

Barclays PLC raised its holdings in Viper Energy, Inc. (NASDAQ:VNOM) by 103.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,962 shares of the oil and gas producer’s stock after buying an additional 22,334 shares during the period. Barclays PLC’s holdings in Viper Energy were worth $1,982,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VNOM. State Street Corp lifted its stake in Viper Energy by 78.2% during the third quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer’s stock worth $172,918,000 after purchasing an additional 1,682,183 shares during the last quarter. Yaupon Capital Management LP acquired a new stake in Viper Energy during the third quarter worth approximately $18,044,000. Zimmer Partners LP raised its holdings in Viper Energy by 344.0% during the third quarter. Zimmer Partners LP now owns 325,000 shares of the oil and gas producer’s stock worth $14,661,000 after purchasing an additional 251,800 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Viper Energy by 3,200.2% in the 3rd quarter. Principal Financial Group Inc. now owns 235,307 shares of the oil and gas producer’s stock valued at $10,615,000 after buying an additional 228,177 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Viper Energy by 12.0% in the 2nd 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 buying an additional 224,021 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VNOM. Roth Mkm boosted their price target on shares of Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. StockNews.com cut Viper Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. TD Securities lifted their price target on Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Truist Financial increased their price objective on Viper Energy from $57.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Piper Sandler reduced their price target on shares of Viper Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Viper Energy has a consensus rating of “Moderate Buy” and an average price target of $58.18.

Viper Energy Trading Down 0.2 %

Shares of Viper Energy stock opened at $48.21 on Friday. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 20.69 and a beta of 1.71. Viper Energy, Inc. has a 52-week low of $30.21 and a 52-week high of $56.76. The company’s 50-day simple moving average is $52.08 and its 200-day simple moving average is $46.59.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings results 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. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The business had revenue of $209.59 million during the quarter, compared to analysts’ expectations of $210.54 million. During the same period last year, the firm earned $1.10 EPS. The company’s quarterly revenue was down 28.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Viper Energy, Inc. will post 2.01 earnings per share for the current year.

Viper Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.49%. Viper Energy’s dividend payout ratio (DPR) is presently 51.50%.

Viper Energy Profile

Viper Energy, Inc engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.