Stephens Inc. AR Grows Stock Position in Viper Energy, Inc. (NASDAQ:VNOM)

Stephens Inc. AR increased its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 6.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,229 shares of the oil and gas producer’s stock after buying an additional 828 shares during the quarter. Stephens Inc. AR’s holdings in Viper Energy were worth $642,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Arizona State Retirement System increased its holdings in Viper Energy by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 22,600 shares of the oil and gas producer’s stock valued at $848,000 after purchasing an additional 453 shares during the last quarter. Andina Capital Management LLC increased 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 during the last quarter. GAMMA Investing LLC increased its holdings in Viper Energy by 208.1% in the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 460 shares during the last quarter. Truist Financial Corp increased its holdings in Viper Energy by 4.5% in the 2nd quarter. Truist Financial Corp now owns 11,230 shares of the oil and gas producer’s stock valued at $421,000 after purchasing an additional 488 shares during the last quarter. Finally, ORG Partners LLC increased its holdings in Viper Energy by 17.9% in the 3rd quarter. ORG Partners LLC now owns 3,320 shares of the oil and gas producer’s stock valued at $150,000 after purchasing an additional 505 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Viper Energy Stock Performance

Shares of VNOM stock opened at $55.42 on Thursday. The company has a current ratio of 7.06, a quick ratio of 7.06 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average price of $48.71 and a 200 day moving average price of $43.13. The company has a market cap of $9.80 billion, a P/E ratio of 23.79 and a beta of 1.72. Viper Energy, Inc. has a 12 month low of $27.61 and a 12 month high of $56.08.

Viper Energy (NASDAQ:VNOM) last issued its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 24.65% and a return on equity of 6.99%. The company’s revenue was down 28.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 earnings per share. Sell-side analysts predict that Viper Energy, Inc. will post 2.03 earnings per share for the current fiscal year.

Viper Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.17%. Viper Energy’s payout ratio is currently 51.50%.

Analyst Ratings Changes

Several analysts recently weighed in on VNOM shares. JPMorgan Chase & Co. lifted their target price on shares of Viper Energy from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Piper Sandler lifted their target price on shares of Viper Energy from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. StockNews.com downgraded shares of Viper Energy from a “hold” rating to a “sell” rating in a research note on Tuesday. TD Securities boosted their price target on shares of Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Finally, Roth Mkm boosted their price target on shares of Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.25.

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.