Viper Energy, Inc. (NASDAQ:VNOM) Stock Position Lifted by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its holdings in Viper Energy, Inc. (NASDAQ:VNOM) by 328.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 587 shares of the oil and gas producer’s stock after purchasing an additional 450 shares during the quarter. Farther Finance Advisors LLC’s holdings in Viper Energy were worth $26,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Arizona State Retirement System grew its stake in shares of Viper Energy by 2.0% in the second quarter. Arizona State Retirement System now owns 22,600 shares of the oil and gas producer’s stock worth $848,000 after purchasing an additional 453 shares in the last quarter. Andina Capital Management LLC grew its stake in shares of Viper Energy by 3.8% in the third quarter. Andina Capital Management LLC now owns 12,612 shares of the oil and gas producer’s stock worth $569,000 after purchasing an additional 459 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Viper Energy by 208.1% in the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 460 shares in the last quarter. Truist Financial Corp grew its stake in shares of Viper Energy by 4.5% in the second quarter. Truist Financial Corp now owns 11,230 shares of the oil and gas producer’s stock worth $421,000 after purchasing an additional 488 shares in the last quarter. Finally, ORG Partners LLC grew its stake in shares of Viper Energy by 17.9% in the third quarter. ORG Partners LLC now owns 3,320 shares of the oil and gas producer’s stock worth $150,000 after purchasing an additional 505 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on VNOM. Barclays raised their target price on Viper Energy from $52.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Roth Mkm raised their target price on Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Truist Financial raised their target price on Viper Energy from $57.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Piper Sandler raised their target price on Viper Energy from $57.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, StockNews.com lowered Viper Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.25.

Viper Energy Stock Down 1.0 %

Shares of Viper Energy stock opened at $50.84 on Friday. The stock has a 50-day moving average price of $49.45 and a 200 day moving average price of $43.67. The company has a market cap of $8.99 billion, a P/E ratio of 22.14 and a beta of 1.72. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a 1 year low of $28.55 and a 1 year high of $56.08.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm 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 revenue for the quarter was down 28.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 EPS. As a group, analysts expect that Viper Energy, Inc. will post 2.07 EPS for the current fiscal year.

Viper Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.36%. The ex-dividend date is Thursday, November 14th. Viper Energy’s dividend payout ratio is currently 51.50%.

Viper Energy Company 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.