Guggenheim Capital LLC Has $798,000 Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Guggenheim Capital LLC lifted its stake in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 148.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,266 shares of the oil and gas producer's stock after acquiring an additional 9,726 shares during the quarter. Guggenheim Capital LLC's holdings in Viper Energy were worth $798,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. First Horizon Advisors Inc. grew 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 buying an additional 214 shares in the last quarter. American Century Companies Inc. grew its position in Viper Energy by 1.1% in the fourth quarter. American Century Companies Inc. now owns 25,323 shares of the oil and gas producer's stock worth $1,243,000 after acquiring an additional 268 shares in the last quarter. Savant Capital LLC increased its stake in shares of Viper Energy by 2.1% during the 4th quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer's stock worth $706,000 after purchasing an additional 293 shares during the last quarter. Andina Capital Management LLC raised its holdings in shares of Viper Energy by 2.5% during the 4th quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer's stock valued at $634,000 after purchasing an additional 312 shares in the last quarter. Finally, Fulcrum Equity Management lifted its stake 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 valued at $430,000 after purchasing an additional 375 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Price Performance

Shares of Viper Energy stock traded up $0.58 during trading on Friday, hitting $41.58. 495,924 shares of the company's stock traded hands, compared to its average volume of 1,294,901. Viper Energy, Inc. has a twelve month low of $34.71 and a twelve month high of $56.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. The company has a market cap of $8.86 billion, a PE ratio of 17.85 and a beta of 1.23. The firm's fifty day moving average price is $42.60 and its 200 day moving average price is $48.03.

Viper Energy Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were issued a $0.65 dividend. The ex-dividend date was Thursday, March 6th. This is a boost from Viper Energy's previous dividend of $0.22. Viper Energy's dividend payout ratio is presently 32.70%.

Wall Street Analyst Weigh In

VNOM has been the topic of several recent research reports. Truist Financial cut their target price on Viper Energy from $78.00 to $68.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. The Goldman Sachs Group set a $72.00 target price on Viper Energy in a research report on Monday, March 3rd. KeyCorp dropped their price target on shares of Viper Energy from $62.00 to $56.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Evercore ISI upped their price objective on shares of Viper Energy from $45.00 to $58.00 and gave the stock an "outperform" rating in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Viper Energy from $51.00 to $49.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Viper Energy presently has a consensus rating of "Moderate Buy" and an average target price of $57.15.

About Viper Energy

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.