Price T Rowe Associates Inc. MD Has $403.27 Million Position in Viper Energy, Inc. (NASDAQ:VNOM)

Price T Rowe Associates Inc. MD lessened its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 17.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,218,258 shares of the oil and gas producer's stock after selling 1,720,720 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 3.86% of Viper Energy worth $403,271,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in shares of Viper Energy during the 4th quarter valued at $25,000. Assetmark Inc. raised its holdings in Viper Energy by 321.7% during the fourth quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock valued at $33,000 after buying an additional 518 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Viper Energy by 43.9% in the fourth quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock worth $34,000 after buying an additional 214 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Viper Energy during the 4th quarter worth about $55,000. Finally, Covestor Ltd increased its holdings in shares of Viper Energy by 8,100.0% during the 4th quarter. Covestor Ltd now owns 1,312 shares of the oil and gas producer's stock valued at $64,000 after acquiring an additional 1,296 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Stock Performance

Shares of NASDAQ VNOM traded up $0.54 during mid-day trading on Monday, hitting $42.12. The company had a trading volume of 624,145 shares, compared to its average volume of 1,292,218. 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 business's 50-day simple moving average is $42.60 and its 200-day simple moving average is $48.01. Viper Energy, Inc. has a 12 month low of $34.71 and a 12 month high of $56.76. The firm has a market cap of $8.97 billion, a P/E ratio of 18.08 and a beta of 1.23.

Viper Energy Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were issued a $0.65 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This is a boost from Viper Energy's previous dividend of $0.22. Viper Energy's dividend payout ratio is presently 32.70%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Piper Sandler reduced their target price on Viper Energy from $63.00 to $62.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Viper Energy from $51.00 to $49.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. KeyCorp decreased their price objective on shares of Viper Energy from $62.00 to $56.00 and set an "overweight" rating for the company in a report on Monday, April 21st. StockNews.com upgraded shares of Viper Energy from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Truist Financial cut their target price on shares of Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a research 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $57.15.

About Viper Energy

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.