Viper Energy, Inc. (NASDAQ:VNOM) Stock Holdings Increased by Pacer Advisors Inc.

Pacer Advisors Inc. raised its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 117.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 193,063 shares of the oil and gas producer's stock after acquiring an additional 104,370 shares during the quarter. Pacer Advisors Inc. owned approximately 0.10% of Viper Energy worth $9,474,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. FMR LLC raised its holdings 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 purchasing an additional 73,085 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in Viper Energy in the third quarter valued at $984,000. Geode Capital Management LLC boosted its stake in Viper Energy by 16.0% in 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 acquiring an additional 234,048 shares in the last quarter. Summit Global Investments purchased a new position in shares of Viper Energy during the third quarter worth about $706,000. Finally, Retirement Systems of Alabama purchased a new position in shares of Viper Energy during the third quarter worth about $12,980,000. Hedge funds and other institutional investors own 87.72% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on VNOM. Piper Sandler dropped their price target on Viper Energy from $64.00 to $63.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. Raymond James lifted their target price on shares of Viper Energy from $58.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Bank of America started coverage on shares of Viper Energy in a research note on Tuesday, November 26th. They set a "buy" rating and a $64.00 price target for the company. Roth Mkm upped their target price on shares of Viper Energy from $46.00 to $53.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Finally, Barclays increased their target price on shares of Viper Energy from $52.00 to $58.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $60.00.

Viper Energy Price Performance

NASDAQ VNOM traded down $0.60 during mid-day trading on Thursday, hitting $46.24. The stock had a trading volume of 646,751 shares, compared to its average volume of 820,844. The company has a market cap of $8.71 billion, a price-to-earnings ratio of 19.85 and a beta of 1.73. Viper Energy, Inc. has a 52-week low of $30.56 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. The company has a 50 day simple moving average of $50.53 and a 200 day simple moving average of $48.61.

Viper Energy (NASDAQ:VNOM - Get Free Report) last released its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The firm had revenue of $209.59 million during the quarter, compared to analyst estimates of $210.54 million. During the same period in the prior year, the firm posted $1.10 earnings per share. The business's quarterly revenue was down 28.5% compared to the same quarter last year. Equities analysts forecast that Viper Energy, Inc. will post 2.01 EPS for the current fiscal year.

Viper Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date was Thursday, November 14th. Viper Energy's dividend payout ratio is currently 51.50%.

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.