Viper Energy, Inc. (NASDAQ:VNOM) Holdings Reduced by Heartland Advisors Inc.

Heartland Advisors Inc. trimmed its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 16.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 250,000 shares of the oil and gas producer's stock after selling 50,000 shares during the period. Heartland Advisors Inc. owned about 0.12% of Viper Energy worth $12,268,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in Viper Energy in the fourth quarter valued at $25,000. Assetmark Inc. grew 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. raised its position in shares of Viper Energy by 43.9% in the fourth 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 during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Viper Energy during the fourth quarter valued at approximately $55,000. Finally, National Bank of Canada FI boosted its position in Viper Energy by 524.8% during the third 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. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Stock Up 0.7 %

NASDAQ VNOM traded up $0.32 on Tuesday, hitting $45.47. 430,326 shares of the stock traded hands, compared to its average volume of 1,236,206. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $9.69 billion, a P/E ratio of 19.51 and a beta of 1.69. Viper Energy, Inc. has a twelve month low of $35.46 and a twelve month high of $56.76. The stock has a 50-day moving average of $46.40 and a 200 day moving average of $49.07.

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Viper Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price target on Viper Energy from $56.00 to $51.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Evercore ISI increased their target price on Viper Energy from $45.00 to $58.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 8th. KeyCorp raised Viper Energy from a "sector weight" rating to an "overweight" rating and set a $62.00 price target for the company in a research report on Friday, December 13th. Raymond James restated an "outperform" rating and issued a $58.00 price objective (down from $64.00) on shares of Viper Energy in a report on Tuesday, February 4th. Finally, Piper Sandler decreased their target price on Viper Energy from $64.00 to $63.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Viper Energy has a consensus rating of "Moderate Buy" and an average price target of $58.77.

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.