21,300 Shares in Viper Energy, Inc. (NASDAQ:VNOM) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 21,300 shares of the oil and gas producer's stock, valued at approximately $1,045,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in Viper Energy during the fourth quarter worth $25,000. Assetmark Inc. lifted its stake in Viper Energy by 321.7% during the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock worth $33,000 after acquiring an additional 518 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in Viper Energy by 43.9% during the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock valued at $34,000 after acquiring an additional 214 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Viper Energy in the 4th quarter valued at about $55,000. Finally, GAMMA Investing LLC increased its stake in Viper Energy by 99.9% during the fourth quarter. GAMMA Investing LLC now owns 1,361 shares of the oil and gas producer's stock worth $67,000 after purchasing an additional 680 shares during the period. Institutional investors and hedge funds own 87.72% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Mizuho began coverage on shares of Viper Energy in a report on Monday. They issued an "outperform" rating and a $56.00 price objective for the company. KeyCorp raised Viper Energy from a "sector weight" rating to an "overweight" rating and set a $62.00 price objective on the stock in a research report on Friday, December 13th. Barclays increased their price objective on Viper Energy from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Piper Sandler lowered their target price on Viper Energy from $64.00 to $63.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Finally, StockNews.com raised Viper Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $58.77.

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Viper Energy Stock Down 9.4 %

Shares of Viper Energy stock traded down $3.92 during trading hours on Friday, hitting $37.64. The company had a trading volume of 2,515,137 shares, compared to its average volume of 1,250,482. The company's 50-day moving average is $45.90 and its two-hundred day moving average is $48.98. Viper Energy, Inc. has a twelve month low of $35.46 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 $8.02 billion, a P/E ratio of 16.15 and a beta of 1.69.

Viper Energy Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were given a dividend of $0.65 per share. 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 payout ratio is 32.70%.

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.