Quantbot Technologies LP Purchases 42,403 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Quantbot Technologies LP grew its stake in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 83.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 93,267 shares of the oil and gas producer's stock after purchasing an additional 42,403 shares during the quarter. Quantbot Technologies LP's holdings in Viper Energy were worth $4,577,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. First Horizon Advisors Inc. increased its holdings in 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 valued at $34,000 after purchasing an additional 214 shares during the last quarter. Savant Capital LLC increased its stake in shares of Viper Energy by 2.1% in the 4th quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer's stock valued at $706,000 after acquiring an additional 293 shares during the last quarter. Andina Capital Management LLC raised its position in shares of Viper Energy by 2.5% in the 4th quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer's stock valued at $634,000 after acquiring an additional 312 shares during the period. Fulcrum Equity Management boosted its stake in Viper Energy by 4.1% during the 3rd quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer's stock worth $430,000 after acquiring an additional 375 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Viper Energy by 1.7% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,743 shares of the oil and gas producer's stock valued at $1,116,000 after purchasing an additional 381 shares during the period. 87.72% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several research firms have weighed in on VNOM. Bank of America began coverage on shares of Viper Energy in a report on Tuesday, November 26th. They issued a "buy" rating and a $64.00 target price on the stock. StockNews.com raised Viper Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. Truist Financial decreased their target price on Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Evercore ISI raised their price target on Viper Energy from $45.00 to $58.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group set a $72.00 price objective on Viper Energy in a report on Monday, March 3rd. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $59.00.

Viper Energy Stock Up 0.1 %

Viper Energy stock traded up $0.05 during midday trading on Wednesday, reaching $45.22. The stock had a trading volume of 1,232,525 shares, compared to its average volume of 1,201,042. Viper Energy, Inc. has a 1-year low of $35.46 and a 1-year high of $56.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The firm's fifty day simple moving average is $46.93 and its 200-day simple moving average is $49.08. The stock has a market capitalization of $9.63 billion, a P/E ratio of 19.41 and a beta of 1.69.

Viper Energy Increases Dividend

The firm also recently disclosed 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 an increase from Viper Energy's previous dividend of $0.22. Viper Energy's dividend payout ratio (DPR) is 32.70%.

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.