Barclays PLC Purchases 33,848 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Barclays PLC increased its position in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 77.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,810 shares of the oil and gas producer's stock after purchasing an additional 33,848 shares during the period. Barclays PLC's holdings in Viper Energy were worth $3,819,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in Viper Energy during the fourth quarter valued at about $25,000. Assetmark Inc. raised its stake in Viper Energy by 321.7% during the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock valued at $33,000 after purchasing an additional 518 shares during the period. First Horizon Advisors Inc. lifted its holdings in Viper Energy by 43.9% in the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock worth $34,000 after purchasing an additional 214 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Viper Energy during the 4th quarter valued at approximately $55,000. Finally, Covestor Ltd grew its holdings in Viper Energy by 8,100.0% during the 4th quarter. Covestor Ltd now owns 1,312 shares of the oil and gas producer's stock valued at $64,000 after buying an additional 1,296 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company's stock.

Viper Energy Stock Up 1.4 %

NASDAQ VNOM opened at $41.58 on Monday. Viper Energy, Inc. has a 52 week low of $34.71 and a 52 week high of $56.76. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of 17.85 and a beta of 1.23. 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 company has a fifty day moving average of $42.60 and a two-hundred day moving average of $48.01.

Viper Energy Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were issued a dividend of $0.65 per share. This is an increase from Viper Energy's previous dividend of $0.22. The ex-dividend date was Thursday, March 6th. Viper Energy's dividend payout ratio is presently 32.70%.

Analyst Ratings Changes

VNOM has been the subject of several research analyst reports. Piper Sandler cut their target price on shares of Viper Energy from $63.00 to $62.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Raymond James set a $52.00 price objective on Viper Energy in a research report on Monday, April 21st. Mizuho started coverage on Viper Energy in a research report on Monday, March 31st. They issued an "outperform" rating and a $56.00 target price on the stock. StockNews.com upgraded Viper Energy from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Wells Fargo & Company decreased their price objective on Viper Energy from $51.00 to $48.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.15.

About Viper Energy

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.

Want to see what other hedge funds are holding VNOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viper Energy, Inc. (NASDAQ:VNOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.