Advisors Preferred LLC Acquires New Stake in Viper Energy, Inc. (NASDAQ:VNOM)

Advisors Preferred LLC purchased a new stake in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 32,905 shares of the oil and gas producer's stock, valued at approximately $1,641,000.

A number of other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of Viper Energy in the fourth quarter valued at approximately $25,000. Farther Finance Advisors LLC boosted its position in shares of Viper Energy by 328.5% during the third quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer's stock worth $26,000 after purchasing an additional 450 shares in the last quarter. GAMMA Investing LLC grew its stake in Viper Energy by 208.1% in the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer's stock valued at $31,000 after acquiring an additional 460 shares during the period. National Bank of Canada FI increased its stake in Viper Energy by 524.8% during the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer's stock worth $63,000 after purchasing an additional 1,165 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new stake in shares of Viper Energy during the fourth quarter worth $94,000. Institutional investors own 87.72% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Viper Energy from $43.00 to $51.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Roth Mkm boosted their target price on Viper Energy from $46.00 to $53.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Barclays increased their price target on shares of Viper Energy from $58.00 to $60.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Truist Financial dropped their target price on Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Finally, Evercore ISI boosted their price target on Viper Energy from $45.00 to $58.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Viper Energy presently has an average rating of "Moderate Buy" and a consensus target price of $59.55.

Viper Energy Stock Down 2.1 %

Shares of NASDAQ:VNOM traded down $1.07 during trading on Wednesday, hitting $50.07. The stock had a trading volume of 1,351,879 shares, compared to its average volume of 1,896,560. The company has a market capitalization of $10.67 billion, a PE ratio of 21.49 and a beta of 1.71. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a 12 month low of $32.40 and a 12 month high of $56.76. The firm's fifty day moving average is $49.53 and its 200 day moving average is $49.10.

Viper Energy Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.65 per share. The ex-dividend date is Thursday, March 6th. This is a positive change from Viper Energy's previous dividend of $0.22. Viper Energy's payout ratio is currently 51.50%.

Viper Energy Company Profile

Viper Energy, Inc engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.