FIL Ltd Has $194.52 Million Stock Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

FIL Ltd lifted its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,964,130 shares of the oil and gas producer's stock after acquiring an additional 310,890 shares during the period. FIL Ltd owned 1.86% of Viper Energy worth $194,520,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. FMR LLC lifted its position in shares of Viper Energy by 4,836.9% during 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 during the period. Geode Capital Management LLC raised 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 purchasing an additional 234,048 shares during the last quarter. Retirement Systems of Alabama acquired a new position in shares of Viper Energy in the third quarter valued at approximately $12,980,000. Principal Financial Group Inc. lifted its stake in shares of Viper Energy by 3,200.2% during the 3rd 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 during the period. Finally, Barclays PLC grew its holdings 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 period. 87.72% of the stock is owned by hedge funds and other institutional investors.

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Viper Energy Price Performance

VNOM traded down $0.15 during trading on Monday, reaching $37.43. The stock had a trading volume of 164,480 shares, compared to its average volume of 1,277,019. 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 firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of 16.06 and a beta of 1.23. The stock has a 50 day moving average of $44.59 and a two-hundred day moving average of $48.60. Viper Energy, Inc. has a 1-year low of $34.71 and a 1-year high of $56.76.

Viper Energy Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were paid a dividend of $0.65 per share. The ex-dividend date was Thursday, March 6th. This is a positive change from Viper Energy's previous dividend of $0.22. Viper Energy's dividend payout ratio is currently 32.70%.

Wall Street Analyst Weigh In

VNOM has been the subject of several research analyst reports. Truist Financial dropped their price target 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. StockNews.com raised Viper Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price objective on shares of Viper Energy from $51.00 to $49.00 and set an "overweight" rating on the stock in a research note on Thursday. Mizuho assumed coverage on Viper Energy in a report on Monday, March 31st. They issued an "outperform" rating and a $56.00 price target for the company. Finally, Barclays increased their price objective on shares of Viper Energy from $58.00 to $60.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Viper Energy currently has an average rating of "Moderate Buy" and a consensus price target of $58.62.

Viper Energy 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.