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

Thrivent Financial for Lutherans reduced its position in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 69.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 bought and sold shares of VNOM. Assenagon Asset Management S.A. increased its stake in Viper Energy by 326.0% during the second quarter. Assenagon Asset Management S.A. now owns 760,830 shares of the oil and gas producer's stock worth $28,554,000 after acquiring an additional 582,247 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Viper Energy by 3,200.2% in the 3rd quarter. Principal Financial Group Inc. now owns 235,307 shares of the oil and gas producer's stock valued at $10,615,000 after buying an additional 228,177 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Viper Energy by 12.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,085,841 shares of the oil and gas producer's stock valued at $78,282,000 after buying an additional 224,021 shares during the last quarter. SIR Capital Management L.P. boosted its stake in Viper Energy by 26.5% during the second quarter. SIR Capital Management L.P. now owns 776,800 shares of the oil and gas producer's stock worth $29,153,000 after buying an additional 162,900 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of Viper Energy during the second quarter valued at about $5,856,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

Viper Energy Stock Up 0.3 %

NASDAQ:VNOM traded up $0.15 during midday trading on Monday, hitting $54.26. 800,770 shares of the company were exchanged, compared to its average volume of 1,072,681. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a fifty-two week low of $29.03 and a fifty-two week high of $56.76. The company has a market capitalization of $10.22 billion, a PE ratio of 23.29 and a beta of 1.72. The company has a fifty day simple moving average of $51.58 and a 200 day simple moving average of $45.13.

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

Viper Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

VNOM has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Viper Energy from $41.00 to $44.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. Bank of America began coverage on Viper Energy in a research report on Tuesday, November 26th. They set a "buy" rating and a $64.00 price target for the company. Barclays increased their target price on Viper Energy from $52.00 to $58.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Roth Mkm raised their price objective on shares of Viper Energy from $46.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group began coverage on shares of Viper Energy in a research note on Monday. They set a "buy" rating and a $70.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.20.

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.