Grantham Mayo Van Otterloo & Co. LLC increased its stake in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 50.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,392 shares of the oil and gas producer's stock after buying an additional 48,000 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.07% of Viper Energy worth $7,036,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. lifted its holdings in Viper Energy by 43.9% during the fourth quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock worth $34,000 after buying an additional 214 shares during the period. American Century Companies Inc. boosted its position in Viper Energy by 1.1% during the fourth quarter. American Century Companies Inc. now owns 25,323 shares of the oil and gas producer's stock valued at $1,243,000 after purchasing an additional 268 shares in the last quarter. Savant Capital LLC grew its stake in Viper Energy by 2.1% in the fourth quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer's stock valued at $706,000 after purchasing an additional 293 shares during the last quarter. Andina Capital Management LLC raised its holdings in Viper Energy by 2.5% in the fourth quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer's stock worth $634,000 after purchasing an additional 312 shares in the last quarter. Finally, Fulcrum Equity Management grew its position in shares of Viper Energy by 4.1% in the 3rd quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer's stock worth $430,000 after buying an additional 375 shares during the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on VNOM shares. Raymond James restated an "outperform" rating and set a $58.00 target price (down from $64.00) on shares of Viper Energy in a research note on Tuesday, February 4th. Piper Sandler cut their price objective 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. Truist Financial decreased their price objective 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. The Goldman Sachs Group set a $72.00 target price on shares of Viper Energy in a research report on Monday, March 3rd. Finally, Wells Fargo & Company assumed coverage on shares of Viper Energy in a research note on Friday, March 14th. They set an "overweight" rating and a $51.00 price target on the stock. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $58.62.
View Our Latest Research Report on Viper Energy
Viper Energy Stock Performance
VNOM traded up $0.04 during midday trading on Friday, hitting $36.54. 256,881 shares of the company were exchanged, compared to its average volume of 1,274,007. The company's 50 day simple moving average is $44.81 and its 200 day simple moving average is $48.64. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 15.68 and a beta of 1.23. Viper Energy, Inc. has a 1-year low of $34.71 and a 1-year high of $56.76. 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 Increases Dividend
The business also recently announced a dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were issued a dividend of $0.65 per share. This is a positive change 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 32.70%.
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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