Navellier & Associates Inc. Sells 1,552 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Navellier & Associates Inc. decreased its position in Viper Energy, Inc. (NASDAQ:VNOM) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,310 shares of the oil and gas producer’s stock after selling 1,552 shares during the quarter. Navellier & Associates Inc.’s holdings in Viper Energy were worth $3,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in VNOM. Farther Finance Advisors LLC increased its position in Viper Energy by 328.5% in the third quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 450 shares during the last quarter. Arizona State Retirement System grew its stake in shares of 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 worth $848,000 after buying an additional 453 shares in the last quarter. Andina Capital Management LLC increased its holdings in shares of 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 worth $569,000 after buying an additional 459 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Viper Energy by 208.1% in the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 460 shares during the last quarter. Finally, Truist Financial Corp raised its position in shares of Viper Energy by 4.5% during the 2nd quarter. Truist Financial Corp now owns 11,230 shares of the oil and gas producer’s stock valued at $421,000 after buying an additional 488 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays boosted their price objective on Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Piper Sandler boosted their target price on Viper Energy from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. increased their price target on Viper Energy from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. StockNews.com lowered shares of Viper Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Finally, Roth Mkm increased their target price on shares of Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $51.63.

Viper Energy Trading Up 1.5 %

NASDAQ VNOM opened at $54.83 on Thursday. The stock has a market cap of $10.33 billion, a PE ratio of 23.18 and a beta of 1.72. Viper Energy, Inc. has a 12 month low of $29.03 and a 12 month high of $56.08. The company’s 50-day moving average price is $50.02 and its 200-day moving average price is $44.12. 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 (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. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The business had revenue of $209.59 million for the quarter, compared to the consensus estimate of $210.54 million. During the same period in the prior year, the firm earned $1.10 EPS. The company’s revenue for the quarter was down 28.5% compared to the same quarter last year. Equities research analysts forecast that Viper Energy, Inc. will post 2.03 earnings per share for the current year.

Viper Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, November 14th. Viper Energy’s dividend payout ratio (DPR) is presently 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.