Charles Schwab Investment Management Inc. boosted its stake in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 632,568 shares of the oil and gas producer's stock after acquiring an additional 7,307 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.34% of Viper Energy worth $31,040,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Golden State Wealth Management LLC acquired a new position in shares of Viper Energy during the fourth quarter worth about $25,000. First Horizon Advisors Inc. boosted its position in Viper Energy by 43.9% during the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock worth $34,000 after acquiring an additional 214 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Viper Energy by 524.8% during the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer's stock worth $63,000 after acquiring an additional 1,165 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Viper Energy by 99.9% in the fourth quarter. GAMMA Investing LLC now owns 1,361 shares of the oil and gas producer's stock valued at $67,000 after purchasing an additional 680 shares during the last quarter. Finally, Versant Capital Management Inc bought a new stake in shares of Viper Energy in the fourth quarter worth $94,000. 87.72% of the stock is owned by institutional investors.
Viper Energy Stock Performance
Shares of VNOM traded up $0.24 during trading hours on Thursday, hitting $45.44. The company had a trading volume of 740,931 shares, compared to its average volume of 1,184,972. The firm has a market cap of $9.68 billion, a price-to-earnings ratio of 19.51 and a beta of 1.69. 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 business has a fifty day moving average of $47.34 and a 200-day moving average of $49.10. Viper Energy, Inc. has a 12 month low of $35.46 and a 12 month high of $56.76.
Viper Energy Increases Dividend
The business also recently disclosed a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were given a dividend of $0.65 per share. The ex-dividend date was Thursday, March 6th. This is an increase from Viper Energy's previous dividend of $0.22. Viper Energy's dividend payout ratio (DPR) is 32.70%.
Analysts Set New Price Targets
VNOM has been the topic of several analyst reports. Raymond James reissued an "outperform" rating and set a $58.00 price target (down from $64.00) on shares of Viper Energy in a research report on Tuesday, February 4th. Wells Fargo & Company started coverage on Viper Energy in a report on Friday, March 14th. They set an "overweight" rating and a $51.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on Viper Energy from $56.00 to $51.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Evercore ISI boosted their price target on Viper Energy from $45.00 to $58.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 8th. Finally, KeyCorp raised Viper Energy from a "sector weight" rating to an "overweight" rating and set a $62.00 price objective for the company in a report on Friday, December 13th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $59.00.
Check Out Our Latest Analysis on VNOM
Viper Energy 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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