Everence Capital Management Inc. Buys Shares of 4,930 Viper Energy, Inc. (NASDAQ:VNOM)

Everence Capital Management Inc. purchased a new position in Viper Energy, Inc. (NASDAQ:VNOM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,930 shares of the oil and gas producer’s stock, valued at approximately $242,000.

A number of other institutional investors have also recently made changes to their positions in VNOM. FMR LLC lifted its stake in Viper Energy by 4,836.9% in the 3rd quarter. FMR LLC now owns 74,596 shares of the oil and gas producer’s stock worth $3,365,000 after purchasing an additional 73,085 shares in the last quarter. New York State Teachers Retirement System purchased a new position in Viper Energy during the third quarter worth approximately $984,000. Geode Capital Management LLC boosted its stake in Viper Energy by 16.0% during the third quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer’s stock worth $76,647,000 after buying an additional 234,048 shares during the last quarter. Amalgamated Bank acquired a new position in Viper Energy during the second quarter worth $616,000. Finally, Summit Global Investments purchased a new stake in Viper Energy in the 3rd quarter valued at $706,000. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Trading Up 0.3 %

NASDAQ VNOM opened at $50.20 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The firm has a market cap of $9.46 billion, a price-to-earnings ratio of 21.55 and a beta of 1.73. The firm has a 50 day simple moving average of $51.60 and a 200-day simple moving average of $47.48. Viper Energy, Inc. has a one year low of $30.21 and a one year high of $56.76.

Viper Energy (NASDAQ:VNOM) last issued 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 net margin of 24.65% and a return on equity of 6.72%. The company had revenue of $209.59 million during the quarter, compared to analysts’ expectations of $210.54 million. During the same quarter last year, the company posted $1.10 EPS. The firm’s revenue was down 28.5% compared to the same quarter last year. Equities research analysts anticipate that Viper Energy, Inc. will post 2.01 EPS for the current fiscal year.

Viper Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 2.39%. Viper Energy’s payout ratio is 51.50%.

Analyst Ratings Changes

VNOM has been the topic of several recent research reports. Raymond James boosted their price target on shares of Viper Energy from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. boosted their target price on shares of Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Evercore ISI raised their price target on shares of Viper Energy from $45.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday. Truist Financial lifted their price target on shares of Viper Energy from $57.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, KeyCorp upgraded Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price objective for the company in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.36.

Viper Energy Company 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.