M&T Bank Corp Has $2.34 Million Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

M&T Bank Corp lowered its position in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 16.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,733 shares of the oil and gas producer's stock after selling 9,542 shares during the quarter. M&T Bank Corp's holdings in Viper Energy were worth $2,342,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. New York State Teachers Retirement System acquired a new stake in Viper Energy during the third quarter worth $984,000. Farther Finance Advisors LLC lifted its holdings in shares of Viper Energy by 328.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer's stock worth $26,000 after acquiring an additional 450 shares during the period. Amalgamated Bank boosted its position in shares of Viper Energy by 200.5% during the 3rd quarter. Amalgamated Bank now owns 49,334 shares of the oil and gas producer's stock valued at $2,225,000 after acquiring an additional 32,916 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Viper Energy by 3,200.2% during the 3rd quarter. Principal Financial Group Inc. now owns 235,307 shares of the oil and gas producer's stock valued at $10,615,000 after acquiring an additional 228,177 shares in the last quarter. Finally, Summit Global Investments bought a new stake in Viper Energy in the third quarter valued at about $706,000. Institutional investors and hedge funds own 87.72% of the company's stock.

Analyst Upgrades and Downgrades

VNOM has been the topic of several analyst reports. Truist Financial lowered their price objective 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. KeyCorp upgraded Viper Energy from a "sector weight" rating to an "overweight" rating and set a $62.00 price target on the stock in a research report on Friday, December 13th. The Goldman Sachs Group set a $72.00 target price on shares of Viper Energy in a report on Monday, March 3rd. Raymond James reissued an "outperform" rating and issued a $58.00 price objective (down previously from $64.00) on shares of Viper Energy in a research note on Tuesday, February 4th. Finally, Barclays upped their price target on shares of Viper Energy from $58.00 to $60.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Viper Energy currently has a consensus rating of "Moderate Buy" and an average target price of $59.73.

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Viper Energy Trading Down 1.8 %

VNOM stock traded down $0.75 during midday trading on Thursday, reaching $41.46. The company's stock had a trading volume of 1,096,414 shares, compared to its average volume of 1,214,293. The business's 50-day simple moving average is $48.02 and its 200-day simple moving average is $49.26. The stock has a market cap of $8.83 billion, a PE ratio of 17.79 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 quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25.

Viper Energy Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, March 6th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from Viper Energy's previous dividend of $0.22. Viper Energy's dividend payout ratio is currently 32.70%.

Viper Energy Company 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.