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Janus Henderson Group PLC Acquires 122,042 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Viper Energy logo with Oils/Energy background

Janus Henderson Group PLC increased its stake in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 182.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 188,765 shares of the oil and gas producer's stock after purchasing an additional 122,042 shares during the quarter. Janus Henderson Group PLC owned 0.11% of Viper Energy worth $8,516,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Centiva Capital LP purchased a new position in shares of Viper Energy during the 3rd quarter worth $2,594,000. Flow Traders U.S. LLC purchased a new position in shares of Viper Energy during the 3rd quarter worth $472,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Viper Energy by 27.2% during the 3rd 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 worth $6,544,000 after acquiring an additional 31,011 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Viper Energy by 4.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,229 shares of the oil and gas producer's stock worth $958,000 after acquiring an additional 926 shares during the last quarter. Finally, FORA Capital LLC purchased a new position in shares of Viper Energy during the 3rd quarter worth $203,000. Hedge funds and other institutional investors own 87.72% of the company's stock.

Viper Energy Price Performance

NASDAQ VNOM traded down $0.17 on Monday, reaching $50.84. The company had a trading volume of 904,574 shares, compared to its average volume of 1,066,001. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $9.58 billion, a PE ratio of 21.82 and a beta of 1.71. The firm's 50 day moving average price is $52.23 and its 200 day moving average price is $45.64. Viper Energy, Inc. has a 12 month low of $29.16 and a 12 month high of $56.76.

Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its quarterly 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 net margin of 24.65% and a return on equity of 6.72%. The company had revenue of $209.59 million for the quarter, compared to the consensus estimate of $210.54 million. During the same period in the previous year, the firm posted $1.10 EPS. Viper Energy's revenue for the quarter was down 28.5% compared to the same quarter last year. As a group, equities analysts predict that Viper Energy, Inc. will post 2.02 earnings per share for the current year.

Viper Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.36%. Viper Energy's dividend payout ratio (DPR) is presently 51.50%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on VNOM shares. TD Securities lifted their price target on shares of Viper Energy from $46.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, September 12th. Barclays lifted their price target on shares of Viper Energy from $52.00 to $58.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Bank of America initiated coverage on shares of Viper Energy in a research note on Tuesday, November 26th. They set a "buy" rating and a $64.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on shares of Viper Energy from $43.00 to $51.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Truist Financial lifted their target price on shares of Viper Energy from $57.00 to $64.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $57.90.

Read Our Latest Report on Viper Energy

About Viper Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Viper Energy (NASDAQ:VNOM)

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