LPL Financial LLC Purchases 14,118 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

LPL Financial LLC lifted its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 19.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 87,033 shares of the oil and gas producer's stock after purchasing an additional 14,118 shares during the period. LPL Financial LLC's holdings in Viper Energy were worth $4,271,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of VNOM. Golden State Wealth Management LLC acquired a new position in Viper Energy during the 4th quarter worth about $25,000. Assetmark Inc. raised its position 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 acquiring an additional 518 shares during the last quarter. First Horizon Advisors Inc. increased its position 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 purchasing an additional 214 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Viper Energy during the 4th quarter valued at approximately $55,000. Finally, National Bank of Canada FI raised its holdings in Viper Energy by 524.8% during the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer's stock worth $63,000 after purchasing an additional 1,165 shares during the last quarter. Institutional investors own 87.72% of the company's stock.

Analyst Upgrades and Downgrades

VNOM has been the topic of a number of analyst reports. Barclays upped their price objective on shares of Viper Energy from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their price target on shares of Viper Energy from $51.00 to $49.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company initiated coverage on Viper Energy in a research report on Friday, March 14th. They issued an "overweight" rating and a $51.00 price objective for the company. StockNews.com raised Viper Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Truist Financial decreased their target price on Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.62.

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Viper Energy Stock Up 2.2 %

Shares of Viper Energy stock traded up $0.81 during trading hours on Tuesday, reaching $38.35. The company's stock had a trading volume of 62,636 shares, compared to its average volume of 1,274,346. The company has a market capitalization of $8.17 billion, a P/E ratio of 16.48 and a beta of 1.23. The stock's fifty day simple moving average is $44.34 and its two-hundred day simple moving average is $48.55. Viper Energy, Inc. has a one year low of $34.71 and a one year 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 firm also recently declared a dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were given a $0.65 dividend. This is a boost from Viper Energy's previous dividend of $0.22. The ex-dividend date was Thursday, March 6th. Viper Energy's dividend payout ratio (DPR) is presently 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.