Viper Energy, Inc. (NASDAQ:VNOM) Shares Sold by Capital World Investors

Capital World Investors lessened its holdings in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 6.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,037,410 shares of the oil and gas producer's stock after selling 388,688 shares during the period. Capital World Investors owned about 2.83% of Viper Energy worth $296,256,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Viper Energy in the fourth quarter worth about $95,505,000. Invesco Ltd. lifted its stake in shares of Viper Energy by 164.3% during the 4th quarter. Invesco Ltd. now owns 576,637 shares of the oil and gas producer's stock worth $28,296,000 after acquiring an additional 358,487 shares during the last quarter. FIL Ltd increased its stake in Viper Energy by 8.5% in the 4th quarter. FIL Ltd now owns 3,964,130 shares of the oil and gas producer's stock worth $194,520,000 after buying an additional 310,890 shares during the period. Retirement Systems of Alabama bought a new stake in Viper Energy during the 3rd quarter valued at $12,980,000. Finally, Horizon Kinetics Asset Management LLC lifted its holdings in 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 worth $77,992,000 after buying an additional 268,959 shares during the period. 87.72% of the stock is owned by hedge funds and other institutional investors.

Viper Energy Stock Performance

Viper Energy stock traded down $0.22 during mid-day trading on Wednesday, reaching $40.45. The company's stock had a trading volume of 1,110,932 shares, compared to its average volume of 1,293,762. 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 firm has a market cap of $8.62 billion, a price-to-earnings ratio of 17.36 and a beta of 1.23. Viper Energy, Inc. has a twelve month low of $34.71 and a twelve month high of $56.76. The business has a 50 day moving average price of $42.95 and a 200-day moving average price of $48.18.

Viper Energy Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. The Goldman Sachs Group set a $72.00 price objective on shares of Viper Energy in a research report on Monday, March 3rd. Evercore ISI boosted 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 raised Viper Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. Truist Financial dropped their price target on shares of 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, Mizuho started coverage on shares of Viper Energy in a research note on Monday, March 31st. They issued an "outperform" rating and a $56.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $57.15.

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.