Flow Traders U.S. LLC Invests $472,000 in Viper Energy, Inc. (NASDAQ:VNOM)

Flow Traders U.S. LLC acquired a new position 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 Securities and Exchange Commission. The fund acquired 10,465 shares of the oil and gas producer's stock, valued at approximately $472,000.

Several other institutional investors and hedge funds also recently made changes to their positions in VNOM. Price T Rowe Associates Inc. MD bought a new position in shares of Viper Energy during the 1st quarter worth about $601,000. California State Teachers Retirement System boosted its position in Viper Energy by 18.4% in the first quarter. California State Teachers Retirement System now owns 72,600 shares of the oil and gas producer's stock valued at $2,792,000 after buying an additional 11,293 shares in the last quarter. Tidal Investments LLC acquired a new position in Viper Energy in the first quarter valued at about $290,000. SG Americas Securities LLC lifted its position in shares of Viper Energy by 627.6% during the second quarter. SG Americas Securities LLC now owns 78,413 shares of the oil and gas producer's stock worth $2,943,000 after purchasing an additional 67,636 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in shares of Viper Energy during the second quarter worth approximately $203,000. Institutional investors own 87.72% of the company's stock.

Viper Energy Trading Up 0.8 %

NASDAQ:VNOM traded up $0.41 during trading hours on Thursday, hitting $52.46. The stock had a trading volume of 550,861 shares, compared to its average volume of 1,065,218. Viper Energy, Inc. has a one year low of $29.03 and a one year high of $56.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The company has a market cap of $9.88 billion, a price-to-earnings ratio of 22.61 and a beta of 1.71. The business's 50 day moving average is $51.82 and its 200-day moving average is $45.30.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The firm had revenue of $209.59 million during the quarter, compared to the consensus estimate of $210.54 million. During the same quarter in the prior year, the firm earned $1.10 earnings per share. The business's quarterly revenue was down 28.5% on a year-over-year basis. Sell-side analysts anticipate that Viper Energy, Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Dividend Announcement

The business also recently disclosed 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. This represents a $1.20 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Thursday, November 14th. Viper Energy's dividend payout ratio is 51.50%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VNOM. StockNews.com lowered shares of Viper Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, November 5th. Roth Mkm upped their target price on shares of Viper Energy from $46.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Bank of America initiated coverage on shares of Viper Energy in a report on Tuesday, November 26th. They issued a "buy" rating and a $64.00 price objective on the stock. Piper Sandler increased their price objective on shares of Viper Energy from $61.00 to $64.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Finally, Raymond James increased their price objective on shares of Viper Energy from $58.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. According to MarketBeat.com, Viper Energy has an average rating of "Moderate Buy" and an average price target of $57.90.

Viper Energy 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.