Corient Private Wealth LLC Purchases 9,731 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Corient Private Wealth LLC lifted its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 74.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,761 shares of the oil and gas producer's stock after buying an additional 9,731 shares during the period. Corient Private Wealth LLC's holdings in Viper Energy were worth $1,117,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in Viper Energy in the 4th quarter valued at approximately $25,000. Assetmark Inc. increased its holdings in shares of Viper Energy by 321.7% during the fourth quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock worth $33,000 after buying an additional 518 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Viper Energy by 43.9% in the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock valued at $34,000 after acquiring an additional 214 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Viper Energy by 99.9% during the 4th quarter. GAMMA Investing LLC now owns 1,361 shares of the oil and gas producer's stock valued at $67,000 after acquiring an additional 680 shares in the last quarter. Finally, National Bank of Canada FI grew its position in 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 during the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have commented on VNOM shares. Wells Fargo & Company assumed coverage on Viper Energy in a research note on Friday, March 14th. They set an "overweight" rating and a $51.00 price target on the stock. StockNews.com upgraded shares of Viper Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. Piper Sandler reduced their target price on shares of Viper Energy from $64.00 to $63.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. The Goldman Sachs Group set a $72.00 price target on shares of Viper Energy in a research note on Monday, March 3rd. Finally, Evercore ISI boosted their price objective on shares of Viper Energy from $45.00 to $58.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $59.00.

Viper Energy Trading Down 0.5 %

Shares of VNOM stock traded down $0.21 during mid-day trading on Friday, hitting $44.19. The company's stock had a trading volume of 1,348,765 shares, compared to its average volume of 1,235,537. The company has a market cap of $9.41 billion, a PE ratio of 18.97 and a beta of 1.69. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The company's fifty day simple moving average is $46.53 and its 200-day simple moving average is $49.06. Viper Energy, Inc. has a 52 week low of $35.46 and a 52 week high of $56.76.

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 paid a $0.65 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This is a positive change from Viper Energy's previous dividend of $0.22. Viper Energy's payout ratio is currently 32.70%.

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.