Quantbot Technologies LP Increases Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

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

A number of other institutional investors and hedge funds have also modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in shares of Viper Energy during the fourth quarter valued at $95,505,000. State Street Corp boosted its holdings in shares of Viper Energy by 78.2% during the 3rd quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer's stock valued at $172,918,000 after acquiring an additional 1,682,183 shares during the last quarter. Yaupon Capital Management LP purchased a new stake in shares of Viper Energy during the 3rd quarter valued at about $18,044,000. Retirement Systems of Alabama bought a new stake in shares of Viper Energy in the third quarter worth approximately $12,980,000. Finally, Horizon Kinetics Asset Management LLC raised its holdings in shares of Viper Energy by 20.4% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,589,404 shares of the oil and gas producer's stock valued at $77,992,000 after purchasing an additional 268,959 shares during the last quarter. Institutional investors own 87.72% of the company's stock.

Viper Energy Price Performance

VNOM stock traded down $0.46 during mid-day trading on Tuesday, hitting $45.17. The company had a trading volume of 1,055,556 shares, compared to its average volume of 1,200,975. The company has a market capitalization of $9.62 billion, a price-to-earnings ratio of 19.39 and a beta of 1.69. The company has a 50-day moving average price of $46.93 and a 200 day moving average price of $49.08. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a 12-month low of $35.46 and a 12-month high of $56.76.

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Viper Energy Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were paid a $0.65 dividend. This is an increase from Viper Energy's previous dividend of $0.22. The ex-dividend date was Thursday, March 6th. Viper Energy's payout ratio is presently 32.70%.

Analysts Set New Price Targets

VNOM has been the subject of a number of research analyst reports. Wells Fargo & Company started coverage on shares of Viper Energy in a research report on Friday, March 14th. They issued an "overweight" rating and a $51.00 target price for the company. 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 research report on Friday, December 13th. Barclays raised their target price on Viper Energy from $58.00 to $60.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. 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, The Goldman Sachs Group set a $72.00 price objective on shares of Viper Energy in a report on Monday, March 3rd. One 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 has an average rating of "Moderate Buy" and an average target price of $59.00.

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.