Viper Energy, Inc. (NASDAQ:VNOM) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA cut its holdings in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 20.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,584,367 shares of the oil and gas producer's stock after selling 416,698 shares during the period. Massachusetts Financial Services Co. MA owned 0.74% of Viper Energy worth $77,745,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in VNOM. Vanguard Group Inc. increased its stake in Viper Energy by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 10,094,960 shares of the oil and gas producer's stock valued at $495,360,000 after purchasing an additional 239,404 shares during the last quarter. State Street Corp increased its stake in shares of Viper Energy by 78.2% during the 3rd quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer's stock valued at $172,918,000 after acquiring an additional 1,682,183 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Viper Energy during the 4th quarter valued at about $95,505,000. Geode Capital Management LLC boosted its position in shares of Viper Energy by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 1,733,745 shares of the oil and gas producer's stock worth $85,102,000 after acquiring an additional 35,084 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC grew its holdings in Viper Energy by 20.4% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,589,404 shares of the oil and gas producer's stock valued at $77,992,000 after purchasing an additional 268,959 shares during the period. Hedge funds and other institutional investors own 87.72% of the company's stock.

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Viper Energy Stock Down 7.9 %

Viper Energy stock traded down $3.15 during midday trading on Thursday, hitting $36.48. 386,962 shares of the stock were exchanged, compared to its average volume of 1,270,519. Viper Energy, Inc. has a 1 year low of $34.71 and a 1 year 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 firm has a market cap of $7.77 billion, a P/E ratio of 15.59 and a beta of 1.23. The company has a 50 day moving average price of $45.04 and a two-hundred day moving average price of $48.72.

Viper Energy Increases Dividend

The firm 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. This is a positive change from Viper Energy's previous dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 6th. Viper Energy's payout ratio is presently 32.70%.

Analyst Ratings Changes

VNOM has been the topic of a number of research analyst reports. Evercore ISI lifted their price target on shares of Viper Energy from $45.00 to $58.00 and gave the company an "outperform" rating in a report on Wednesday, January 8th. StockNews.com raised Viper Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price target on Viper Energy from $51.00 to $49.00 and set an "overweight" rating for the company in a research report on Thursday. The Goldman Sachs Group set a $72.00 price objective on Viper Energy in a report on Monday, March 3rd. Finally, Barclays boosted their target price on Viper Energy from $58.00 to $60.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Viper Energy has an average rating of "Moderate Buy" and an average target price of $58.62.

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.