Viper Energy, Inc. (NASDAQ:VNOM) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its holdings in Viper Energy, Inc. (NASDAQ:VNOM) by 7.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,550 shares of the oil and gas producer’s stock after selling 989 shares during the quarter. Stifel Financial Corp’s holdings in Viper Energy were worth $521,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VNOM. FMR LLC raised its holdings in Viper Energy by 4,836.9% during the third quarter. FMR LLC now owns 74,596 shares of the oil and gas producer’s stock worth $3,365,000 after purchasing an additional 73,085 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Viper Energy during the third quarter worth $984,000. Amalgamated Bank acquired a new stake in Viper Energy during the 2nd quarter worth about $616,000. Summit Global Investments purchased a new stake in shares of Viper Energy in the 3rd quarter valued at approximately $706,000. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Viper Energy in the third quarter valued at $1,268,000. 87.72% of the stock is currently owned by institutional investors.

Viper Energy Trading Down 0.2 %

Shares of VNOM opened at $48.21 on Friday. The stock’s 50-day moving average price is $52.08 and its 200 day moving average price is $46.59. 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 12-month low of $30.21 and a 12-month high of $56.76. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of 20.69 and a beta of 1.71.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings data 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. The business had revenue of $209.59 million for the quarter, compared to analysts’ expectations of $210.54 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. Viper Energy’s quarterly revenue was down 28.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 earnings per share. As a group, research analysts predict that Viper Energy, Inc. will post 2.01 earnings per share for the current year.

Viper Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Thursday, November 14th. Viper Energy’s dividend payout ratio is 51.50%.

Wall Street Analysts Forecast Growth

VNOM has been the topic of a number of research reports. StockNews.com downgraded Viper Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. The Goldman Sachs Group initiated coverage on shares of Viper Energy in a report on Monday, December 2nd. They issued a “buy” rating and a $70.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Barclays lifted their target price on shares of Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Piper Sandler lowered their price target on Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $58.18.

Viper Energy Profile

Viper Energy, Inc engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.