Natixis Advisors LLC Makes New $833,000 Investment in Viper Energy, Inc. (NASDAQ:VNOM)

Natixis Advisors LLC purchased a new position in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 16,977 shares of the oil and gas producer's stock, valued at approximately $833,000.

Several other hedge funds and other institutional investors have also modified their holdings of VNOM. FMR LLC raised its stake in Viper Energy by 4,836.9% during the third quarter. FMR LLC now owns 74,596 shares of the oil and gas producer's stock worth $3,365,000 after acquiring an additional 73,085 shares during the period. Geode Capital Management LLC grew its holdings in shares of Viper Energy by 16.0% during the third quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer's stock valued at $76,647,000 after purchasing an additional 234,048 shares during the last quarter. Retirement Systems of Alabama acquired a new stake in shares of Viper Energy during the 3rd quarter worth approximately $12,980,000. Principal Financial Group Inc. lifted its holdings in shares of Viper Energy by 3,200.2% in the 3rd quarter. Principal Financial Group Inc. now owns 235,307 shares of the oil and gas producer's stock worth $10,615,000 after purchasing an additional 228,177 shares during the last quarter. Finally, Barclays PLC boosted its position in Viper Energy by 103.3% during the 3rd quarter. Barclays PLC now owns 43,962 shares of the oil and gas producer's stock valued at $1,982,000 after purchasing an additional 22,334 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. StockNews.com raised Viper Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. KeyCorp upgraded shares of Viper Energy from a "sector weight" rating to an "overweight" rating and set a $62.00 price target on the stock in a research note on Friday, December 13th. Piper Sandler reduced their price objective on Viper Energy from $64.00 to $63.00 and set an "overweight" rating for the company in a research report on Tuesday, December 17th. Evercore ISI upped their price objective on shares of Viper Energy from $45.00 to $58.00 and gave the stock an "outperform" rating in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group set a $72.00 price target on Viper Energy in a research note on Monday, March 3rd. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Viper Energy presently has a consensus rating of "Moderate Buy" and an average price target of $59.00.

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Viper Energy Trading Down 0.5 %

Viper Energy stock traded down $0.21 during midday trading on Friday, reaching $44.19. The stock had a trading volume of 1,348,765 shares, compared to its average volume of 1,235,537. 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 firm has a market cap of $9.41 billion, a price-to-earnings ratio of 18.97 and a beta of 1.69. The firm's fifty day simple moving average is $46.53 and its two-hundred day simple moving average is $49.06.

Viper Energy Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 13th. Shareholders 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 positive change from Viper Energy's previous dividend of $0.22. Viper Energy's dividend payout ratio (DPR) is presently 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.