Viper Energy, Inc. (NASDAQ:VNOM) Stake Raised by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC boosted its position in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 20.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,589,404 shares of the oil and gas producer's stock after purchasing an additional 268,959 shares during the quarter. Viper Energy comprises about 1.0% of Horizon Kinetics Asset Management LLC's holdings, making the stock its 12th largest position. Horizon Kinetics Asset Management LLC owned 0.75% of Viper Energy worth $77,992,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Viper Energy by 78.2% during the third quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer's stock worth $172,918,000 after purchasing an additional 1,682,183 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Viper Energy in the 4th quarter worth about $95,505,000. Geode Capital Management LLC grew its holdings 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 buying an additional 234,048 shares during the period. Merewether Investment Management LP grew its holdings in Viper Energy by 22.9% in the 3rd quarter. Merewether Investment Management LP now owns 860,600 shares of the oil and gas producer's stock valued at $38,822,000 after buying an additional 160,600 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Viper Energy by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 632,568 shares of the oil and gas producer's stock valued at $31,040,000 after acquiring an additional 7,307 shares during the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

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Viper Energy Stock Down 2.5 %

Shares of VNOM stock traded down $1.14 on Friday, hitting $44.23. The stock had a trading volume of 3,753,853 shares, compared to its average volume of 1,197,823. The stock's 50 day moving average is $47.24 and its 200-day moving average is $49.08. The firm has a market capitalization of $9.42 billion, a price-to-earnings ratio of 18.98 and a beta of 1.69. Viper Energy, Inc. has a 52-week low of $35.46 and a 52-week high of $56.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24.

Viper Energy Increases Dividend

The company 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. This is a boost 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 presently 32.70%.

Analyst Ratings Changes

VNOM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Viper Energy from $56.00 to $51.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Barclays upped their price objective on Viper Energy from $58.00 to $60.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Raymond James reiterated an "outperform" rating and issued a $58.00 target price (down previously from $64.00) on shares of Viper Energy in a report on Tuesday, February 4th. Truist Financial lowered their price target on Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Finally, Bank of America assumed coverage on Viper Energy in a research note on Tuesday, November 26th. They issued a "buy" rating and a $64.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $59.00.

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.