Oppenheimer & Co. Inc. acquired a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,297 shares of the oil and gas producer's stock, valued at approximately $358,000.
Several other hedge funds have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC bought a new position in shares of Viper Energy during the fourth quarter valued at $25,000. Farther Finance Advisors LLC grew its stake in shares of Viper Energy by 328.5% during the third 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. First Horizon Advisors Inc. lifted its stake in shares of Viper Energy by 43.9% during the fourth quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock valued at $34,000 after acquiring an additional 214 shares during the period. National Bank of Canada FI boosted its stake in shares of Viper Energy by 524.8% in the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer's stock valued at $63,000 after purchasing an additional 1,165 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Viper Energy by 99.9% during the 4th quarter. GAMMA Investing LLC now owns 1,361 shares of the oil and gas producer's stock worth $67,000 after acquiring an additional 680 shares during the period. Institutional investors and hedge funds own 87.72% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on VNOM. Truist Financial decreased their price objective on Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Bank of America initiated coverage on Viper Energy in a research note on Tuesday, November 26th. They issued a "buy" rating and a $64.00 price target on the stock. KeyCorp upgraded Viper Energy from a "sector weight" rating to an "overweight" rating and set a $62.00 price objective for the company in a report on Friday, December 13th. Raymond James reaffirmed an "outperform" rating and set a $58.00 price target (down previously from $64.00) on shares of Viper Energy in a research report on Tuesday, February 4th. Finally, Barclays boosted their price objective 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 research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Viper Energy currently has an average rating of "Moderate Buy" and a consensus price target of $59.73.
Read Our Latest Stock Analysis on Viper Energy
Viper Energy Price Performance
Viper Energy stock traded up $0.78 during mid-day trading on Tuesday, reaching $41.13. The company had a trading volume of 1,245,659 shares, compared to its average volume of 1,213,654. The business has a fifty day simple moving average of $48.32 and a 200 day simple moving average of $49.35. The company has a market cap of $8.76 billion, a P/E ratio of 17.65 and a beta of 1.69. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a fifty-two week low of $34.45 and a fifty-two week high of $56.76.
Viper Energy Increases Dividend
The business also recently announced a dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, March 6th will be 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 is Thursday, March 6th. Viper Energy's dividend payout ratio (DPR) is currently 32.70%.
Viper Energy Company Profile
(
Free Report)
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.
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