Thrivent Financial for Lutherans Cuts Stock Position in Viper Energy, Inc. (NASDAQ:VNOM)

Thrivent Financial for Lutherans decreased its position in Viper Energy, Inc. (NASDAQ:VNOM) by 69.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,833 shares of the oil and gas producer’s stock after selling 53,271 shares during the period. Thrivent Financial for Lutherans’ holdings in Viper Energy were worth $1,075,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its position in Viper Energy by 328.5% during the third quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 450 shares during the period. GAMMA Investing LLC boosted its position in Viper Energy by 208.1% during 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. International Assets Investment Management LLC purchased a new stake in shares of Viper Energy in the 2nd quarter worth about $36,000. Plato Investment Management Ltd grew its position in shares of Viper Energy by 119.2% in the second quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock valued at $106,000 after purchasing an additional 1,541 shares during the last quarter. Finally, ORG Partners LLC increased its stake in shares of Viper Energy by 962.3% during the 2nd quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock worth $107,000 after purchasing an additional 2,550 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. TD Securities lifted their price target on shares of Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Raymond James boosted their price target on Viper Energy from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Bank of America started coverage on Viper Energy in a research note on Tuesday, November 26th. They issued a “buy” rating and a $64.00 price objective on the stock. Finally, Truist Financial raised their price target on shares of Viper Energy from $57.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Viper Energy presently has an average rating of “Moderate Buy” and a consensus price target of $55.78.

Viper Energy Trading Up 0.3 %

VNOM opened at $54.11 on Monday. The firm has a market capitalization of $10.19 billion, a P/E ratio of 23.22 and a beta of 1.72. The firm’s 50 day moving average is $51.44 and its 200-day moving average is $45.01. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a 52-week low of $29.03 and a 52-week high of $56.76.

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

Viper Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given 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 dividend yield of 2.22%. Viper Energy’s payout ratio is 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.