Alliancebernstein L.P. Reduces Stock Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Alliancebernstein L.P. lowered its position in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 35.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,627 shares of the oil and gas producer's stock after selling 65,994 shares during the period. Alliancebernstein L.P. owned about 0.06% of Viper Energy worth $5,968,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in VNOM. First Horizon Advisors Inc. lifted its holdings in Viper Energy by 43.9% during the fourth quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock valued at $34,000 after purchasing an additional 214 shares in the last quarter. American Century Companies Inc. lifted its position in Viper Energy by 1.1% during the fourth quarter. American Century Companies Inc. now owns 25,323 shares of the oil and gas producer's stock valued at $1,243,000 after purchasing an additional 268 shares during the last quarter. Savant Capital LLC grew its position in Viper Energy by 2.1% in the fourth quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer's stock worth $706,000 after acquiring an additional 293 shares in the last quarter. Andina Capital Management LLC increased its position in shares of Viper Energy by 2.5% during the 4th quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer's stock valued at $634,000 after purchasing an additional 312 shares during the last quarter. Finally, Fulcrum Equity Management increased its position in Viper Energy by 4.1% during the third quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer's stock valued at $430,000 after acquiring an additional 375 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VNOM shares. Evercore ISI upped their price objective on Viper Energy from $45.00 to $58.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 8th. StockNews.com upgraded Viper Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. Mizuho began coverage on shares of Viper Energy in a research report on Monday, March 31st. They set an "outperform" rating and a $56.00 target price for the company. Piper Sandler lowered their price objective on Viper Energy from $64.00 to $63.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 17th. Finally, Wells Fargo & Company began coverage on Viper Energy in a research report on Friday, March 14th. They set an "overweight" rating and a $51.00 target price on the stock. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Viper Energy presently has an average rating of "Moderate Buy" and a consensus price target of $58.62.

Viper Energy Stock Up 1.5 %

Shares of NASDAQ VNOM traded up $0.58 during midday trading on Tuesday, hitting $38.12. The company's stock had a trading volume of 973,522 shares, compared to its average volume of 1,279,850. Viper Energy, Inc. has a 1 year low of $34.71 and a 1 year high of $56.76. The business's fifty day simple moving average is $44.34 and its two-hundred day simple moving average is $48.55. The firm has a market capitalization of $8.12 billion, a price-to-earnings ratio of 16.36 and a beta of 1.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24.

Viper Energy Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were given a $0.65 dividend. The ex-dividend date was Thursday, March 6th. This is a positive change from Viper Energy's previous dividend of $0.22. Viper Energy's dividend payout ratio (DPR) is currently 32.70%.

Viper Energy 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.