ArrowMark Colorado Holdings LLC Cuts Stock Position in Viper Energy, Inc. (NASDAQ:VNOM)

ArrowMark Colorado Holdings LLC decreased its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 22.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,492,272 shares of the oil and gas producer’s stock after selling 722,349 shares during the quarter. Viper Energy comprises about 1.4% of ArrowMark Colorado Holdings LLC’s investment portfolio, making the stock its 19th biggest holding. ArrowMark Colorado Holdings LLC owned about 1.41% of Viper Energy worth $112,426,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Flow Traders U.S. LLC purchased a new stake in Viper Energy during the 3rd quarter valued at about $472,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Viper Energy by 27.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,070 shares of the oil and gas producer’s stock valued at $6,544,000 after acquiring an additional 31,011 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Viper Energy by 4.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,229 shares of the oil and gas producer’s stock valued at $958,000 after acquiring an additional 926 shares in the last quarter. FORA Capital LLC purchased a new position in Viper Energy in the 3rd quarter worth approximately $203,000. Finally, MetLife Investment Management LLC lifted its position in Viper Energy by 1,773.0% in the 3rd quarter. MetLife Investment Management LLC now owns 53,774 shares of the oil and gas producer’s stock valued at $2,426,000 after acquiring an additional 50,903 shares in the last quarter. 87.72% of the stock is owned by institutional investors.

Viper Energy Trading Up 0.3 %

Shares of Viper Energy stock opened at $54.11 on Monday. Viper Energy, Inc. has a 1-year low of $29.03 and a 1-year high of $56.76. The company’s fifty day simple moving average is $51.44 and its 200-day simple moving average is $45.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. The stock has a market capitalization of $10.19 billion, a PE ratio of 23.22 and a beta of 1.72.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The business had revenue of $209.59 million during the quarter, compared to analyst estimates of $210.54 million. During the same quarter in the previous year, the company posted $1.10 earnings per share. Viper Energy’s revenue for the quarter was down 28.5% on a year-over-year basis. As a group, equities analysts anticipate that Viper Energy, Inc. will post 2.02 earnings per share for the current year.

Viper Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.22%. The ex-dividend date was Thursday, November 14th. Viper Energy’s dividend payout ratio is currently 51.50%.

Analyst Ratings Changes

Several research analysts have recently weighed in on VNOM shares. Roth Mkm boosted their price target on Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Bank of America assumed coverage on Viper Energy in a research report on Tuesday, November 26th. They issued a “buy” rating and a $64.00 target price for the company. StockNews.com downgraded shares of Viper Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. TD Securities increased their price objective on shares of Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Finally, Piper Sandler lifted their target price on shares of Viper Energy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $55.78.

About Viper Energy

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.