CenterBook Partners LP bought a new stake in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,324 shares of the oil and gas producer's stock, valued at approximately $408,000.
A number of other hedge funds have also recently bought and sold shares of VNOM. Raymond James Financial Inc. bought a new stake in shares of Viper Energy during the fourth quarter valued at approximately $95,505,000. State Street Corp boosted its holdings in Viper Energy by 78.2% during the third quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer's stock valued at $172,918,000 after purchasing an additional 1,682,183 shares in the last quarter. Invesco Ltd. grew its stake in shares of Viper Energy by 164.3% in the 4th quarter. Invesco Ltd. now owns 576,637 shares of the oil and gas producer's stock valued at $28,296,000 after purchasing an additional 358,487 shares during the period. FIL Ltd lifted its position in shares of 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 worth $194,520,000 after buying an additional 310,890 shares during the period. Finally, Retirement Systems of Alabama bought a new stake in Viper Energy in the third quarter valued at $12,980,000. 87.72% of the stock is owned by institutional investors.
Viper Energy Stock Up 1.5 %
Shares of VNOM stock traded up $0.58 on Tuesday, hitting $38.12. 973,522 shares of the stock were exchanged, compared to its average volume of 1,279,850. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a fifty-two week low of $34.71 and a fifty-two week high of $56.76. The firm has a market capitalization of $8.12 billion, a P/E ratio of 16.36 and a beta of 1.23. The business has a 50-day moving average of $44.11 and a 200 day moving average of $48.48.
Viper Energy Increases Dividend
The business also recently disclosed a dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were issued a $0.65 dividend. This is a boost from Viper Energy's previous dividend of $0.22. The ex-dividend date was Thursday, March 6th. Viper Energy's dividend payout ratio (DPR) is presently 32.70%.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the stock. Truist Financial dropped their target price on shares of Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Piper Sandler dropped their price target on Viper Energy from $64.00 to $63.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. JPMorgan Chase & Co. decreased their target price on Viper Energy from $51.00 to $49.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Mizuho assumed coverage on shares of Viper Energy in a research note on Monday, March 31st. They issued an "outperform" rating and a $56.00 target price for the company. Finally, StockNews.com upgraded Viper Energy from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $58.62.
Get Our Latest Report on VNOM
Viper Energy Company Profile
(
Free Report)
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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