Boston Partners Sells 50,752 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Boston Partners lessened its position in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,567,949 shares of the oil and gas producer's stock after selling 50,752 shares during the period. Boston Partners owned approximately 0.74% of Viper Energy worth $77,095,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. FMR LLC lifted its position in Viper Energy by 4,836.9% in the 3rd quarter. FMR LLC now owns 74,596 shares of the oil and gas producer's stock valued at $3,365,000 after acquiring an additional 73,085 shares in the last quarter. Geode Capital Management LLC lifted its stake in Viper Energy by 16.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer's stock valued at $76,647,000 after acquiring an additional 234,048 shares in the last quarter. Retirement Systems of Alabama bought a new position in shares of Viper Energy during the 3rd quarter worth approximately $12,980,000. Principal Financial Group Inc. lifted its position in shares of Viper Energy by 3,200.2% in the third quarter. Principal Financial Group Inc. now owns 235,307 shares of the oil and gas producer's stock worth $10,615,000 after purchasing an additional 228,177 shares in the last quarter. Finally, Barclays PLC increased its stake in Viper Energy by 103.3% in the 3rd quarter. Barclays PLC now owns 43,962 shares of the oil and gas producer's stock valued at $1,982,000 after buying an additional 22,334 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

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Viper Energy Trading Up 3.2 %

Shares of NASDAQ:VNOM traded up $1.40 during mid-day trading on Monday, reaching $45.63. 880,268 shares of the company's stock were exchanged, compared to its average volume of 1,200,263. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. Viper Energy, Inc. has a twelve month low of $35.46 and a twelve month high of $56.76. The firm has a market capitalization of $9.72 billion, a price-to-earnings ratio of 19.58 and a beta of 1.69. The business's fifty day moving average price is $47.13 and its 200-day moving average price is $49.09.

Viper Energy Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on VNOM shares. The Goldman Sachs Group set a $72.00 price objective on Viper Energy in a report on Monday, March 3rd. Raymond James restated an "outperform" rating and issued a $58.00 price target (down from $64.00) on shares of Viper Energy in a research note on Tuesday, February 4th. Wells Fargo & Company assumed coverage on shares of Viper Energy in a report on Friday, March 14th. They set an "overweight" rating and a $51.00 target price on the stock. Truist Financial lowered their target price on Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Finally, Barclays lifted 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. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, Viper Energy has an average rating of "Moderate Buy" and a consensus target price of $59.00.

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.