Janus Henderson Group PLC Boosts Stake in Viper Energy, Inc. (NASDAQ:VNOM)

Janus Henderson Group PLC boosted its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 182.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 188,765 shares of the oil and gas producer’s stock after acquiring an additional 122,042 shares during the period. Janus Henderson Group PLC’s holdings in Viper Energy were worth $8,516,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in shares of Viper Energy by 328.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 450 shares during the last quarter. GAMMA Investing LLC lifted its position in Viper Energy by 208.1% during the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 460 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Viper Energy in the 2nd quarter worth $36,000. Plato Investment Management Ltd increased its holdings in shares of Viper Energy by 119.2% in the 2nd quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock worth $106,000 after buying an additional 1,541 shares during the last quarter. Finally, ORG Partners LLC raised its position in shares of Viper Energy by 962.3% during the 2nd quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock valued at $107,000 after buying an additional 2,550 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Viper Energy Price Performance

Viper Energy stock opened at $51.01 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. The stock has a market cap of $9.61 billion, a price-to-earnings ratio of 21.89 and a beta of 1.71. The firm has a 50-day moving average of $52.11 and a two-hundred day moving average of $45.54. Viper Energy, Inc. has a 1 year low of $29.16 and a 1 year high of $56.76.

Viper Energy (NASDAQ:VNOM) 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 return on equity of 6.72% and a net margin of 24.65%. The firm had revenue of $209.59 million during the quarter, compared to analyst estimates of $210.54 million. During the same quarter in the previous year, the business earned $1.10 earnings per share. Viper Energy’s quarterly revenue was down 28.5% on a year-over-year basis. On average, research analysts forecast that Viper Energy, Inc. will post 2.02 earnings per share for the current year.

Viper Energy Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Thursday, November 14th. Viper Energy’s payout ratio is 51.50%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. The Goldman Sachs Group initiated coverage on Viper Energy in a research report on Monday, December 2nd. They issued a “buy” rating and a $70.00 price target for the company. Truist Financial boosted their target price on Viper Energy from $57.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Barclays raised their price target on Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. StockNews.com cut shares of Viper Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Viper Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.90.

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.