BI Asset Management Fondsmaeglerselskab A S Buys Shares of 42,127 Viper Energy, Inc. (NASDAQ:VNOM)

BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 42,127 shares of the oil and gas producer's stock, valued at approximately $2,067,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Viper Energy by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 10,094,960 shares of the oil and gas producer's stock valued at $495,360,000 after acquiring an additional 239,404 shares during the period. FIL Ltd raised its stake in Viper Energy by 8.5% during the 4th quarter. FIL Ltd now owns 3,964,130 shares of the oil and gas producer's stock valued at $194,520,000 after acquiring an additional 310,890 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Viper Energy during the 4th quarter worth $95,505,000. Geode Capital Management LLC increased its holdings in shares of Viper Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 1,733,745 shares of the oil and gas producer's stock valued at $85,102,000 after purchasing an additional 35,084 shares during the period. Finally, Horizon Kinetics Asset Management LLC raised its stake in shares of Viper Energy by 20.4% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,589,404 shares of the oil and gas producer's stock valued at $77,992,000 after purchasing an additional 268,959 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on VNOM shares. StockNews.com upgraded shares of Viper Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. Truist Financial dropped their target price on Viper Energy from $78.00 to $68.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. cut their target price on Viper Energy from $51.00 to $49.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Barclays lifted their price target on Viper Energy from $58.00 to $60.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group set a $72.00 price objective on Viper Energy in a report on Monday, March 3rd. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Viper Energy has an average rating of "Moderate Buy" and an average price target of $57.92.

Viper Energy Stock Down 4.4 %

NASDAQ:VNOM opened at $39.56 on Tuesday. Viper Energy, Inc. has a 1-year low of $34.71 and a 1-year high of $56.76. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 16.98 and a beta of 1.23. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The business's fifty day moving average price is $43.31 and its 200 day moving average price is $48.29.

Viper Energy Increases Dividend

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

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