Viper Energy, Inc. (NASDAQ:VNOM) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 7.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,550 shares of the oil and gas producer’s stock after selling 989 shares during the period. Stifel Financial Corp’s holdings in Viper Energy were worth $521,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in shares of Viper Energy by 3,200.2% during 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 acquiring an additional 228,177 shares in the last quarter. Massachusetts Financial Services Co. MA raised 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 purchasing an additional 224,021 shares during the period. SIR Capital Management L.P. lifted its stake in shares of Viper Energy by 26.5% during the second quarter. SIR Capital Management L.P. now owns 776,800 shares of the oil and gas producer’s stock worth $29,153,000 after purchasing an additional 162,900 shares in the last quarter. Merewether Investment Management LP boosted its position in shares of Viper Energy by 22.9% in the third quarter. Merewether Investment Management LP now owns 860,600 shares of the oil and gas producer’s stock worth $38,822,000 after buying an additional 160,600 shares during the period. Finally, Bridgewater Associates LP acquired a new stake in shares of Viper Energy in the third quarter valued at about $5,697,000. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Stock Down 0.2 %

NASDAQ:VNOM opened at $48.21 on Friday. The stock has a 50-day simple moving average of $52.08 and a 200 day simple moving average of $46.59. Viper Energy, Inc. has a one year low of $30.21 and a one year high of $56.76. The company has a market capitalization of $9.08 billion, a price-to-earnings ratio of 20.69 and a beta of 1.71. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings results 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 business had revenue of $209.59 million during 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 quarterly revenue was down 28.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 EPS. Sell-side analysts predict that Viper Energy, Inc. will post 2.01 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. Stockholders of record on Thursday, November 14th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.49%. Viper Energy’s payout ratio is currently 51.50%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Truist Financial boosted their price target on Viper Energy from $57.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. StockNews.com downgraded shares of Viper Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. TD Securities raised their price target on shares of Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Piper Sandler cut their price objective on shares of Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. raised their target price on Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Viper Energy presently has an average rating of “Moderate Buy” and a consensus price target of $58.18.

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.