Viper Energy, Inc. (NASDAQ:VNOM) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lessened its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 10.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 135,000 shares of the oil and gas producer's stock after selling 15,000 shares during the period. Kornitzer Capital Management Inc. KS owned 0.07% of Viper Energy worth $6,624,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Savant Capital LLC increased its position in Viper Energy by 2.1% during the fourth quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer's stock worth $706,000 after buying an additional 293 shares during the period. Andina Capital Management LLC grew its stake in shares of Viper Energy by 2.5% in 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 during the last quarter. Fulcrum Equity Management grew 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. Farther Finance Advisors LLC grew its stake in shares of Viper Energy by 328.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer's stock valued at $26,000 after purchasing an additional 450 shares during the last quarter. Finally, Americana Partners LLC grew its stake in shares of Viper Energy by 0.6% in the 4th quarter. Americana Partners LLC now owns 78,836 shares of the oil and gas producer's stock valued at $3,869,000 after purchasing an additional 451 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on VNOM shares. Raymond James reiterated an "outperform" rating and issued a $58.00 target price (down from $64.00) on shares of Viper Energy in a research note on Tuesday, February 4th. Truist Financial lowered their target price on Viper Energy from $78.00 to $68.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. Bank of America started coverage on Viper Energy in a research note on Tuesday, November 26th. They issued a "buy" rating and a $64.00 target price on the stock. Evercore ISI lifted their target price on Viper Energy from $45.00 to $58.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lifted their price target on Viper Energy from $43.00 to $51.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.55.

Viper Energy Price Performance

VNOM traded down $1.85 during trading on Friday, reaching $48.33. 2,936,472 shares of the stock were exchanged, compared to its average volume of 1,830,305. The business's 50 day moving average price is $49.36 and its two-hundred day moving average price is $49.40. 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 capitalization of $10.30 billion, a price-to-earnings ratio of 20.74 and a beta of 1.71. Viper Energy, Inc. has a 1 year low of $34.45 and a 1 year high of $56.76.

Viper Energy Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th will be 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 is Thursday, March 6th. Viper Energy's payout ratio is 51.50%.

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.