Centiva Capital LP Makes New Investment in Viper Energy, Inc. (NASDAQ:VNOM)

Centiva Capital LP bought a new stake in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 57,500 shares of the oil and gas producer's stock, valued at approximately $2,594,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. New York State Teachers Retirement System acquired a new position in shares of Viper Energy in the 3rd quarter valued at approximately $984,000. Amalgamated Bank acquired a new stake in Viper Energy in the second quarter valued at $616,000. Assenagon Asset Management S.A. boosted its stake in Viper Energy by 326.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 760,830 shares of the oil and gas producer's stock valued at $28,554,000 after acquiring an additional 582,247 shares during the last quarter. Summit Global Investments acquired a new position in Viper Energy during the 3rd quarter worth $706,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Viper Energy in the 3rd quarter worth about $1,268,000. Hedge funds and other institutional investors own 87.72% of the company's stock.

Viper Energy Price Performance

VNOM traded up $0.10 on Tuesday, reaching $54.36. The company had a trading volume of 201,563 shares, compared to its average volume of 1,068,910. The company has a fifty day moving average of $51.58 and a 200-day moving average of $45.13. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $10.24 billion, a P/E ratio of 23.29 and a beta of 1.71. Viper Energy, Inc. has a one year low of $29.03 and a one year high of $56.76.

Viper Energy (NASDAQ:VNOM - Get Free Report) last released its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $209.59 million for the quarter, compared to analyst estimates of $210.54 million. During the same period in the previous year, the company earned $1.10 earnings per share. Viper Energy's revenue was down 28.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Viper Energy, Inc. will post 2.02 earnings per share for the current year.

Viper Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.21%. Viper Energy's dividend payout ratio is currently 51.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Viper Energy from $41.00 to $44.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. Truist Financial boosted their price target on Viper Energy from $57.00 to $64.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Piper Sandler increased their target price on shares of Viper Energy from $61.00 to $64.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. TD Securities raised their target price on shares of Viper Energy from $46.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, September 12th. Finally, Raymond James upped their target price on Viper Energy from $58.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $57.20.

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.