Quantessence Capital LLC bought a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,487 shares of the oil and gas producer's stock, valued at approximately $416,000.
Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Viper Energy during the 4th quarter worth $95,505,000. Invesco Ltd. raised its position in shares of Viper Energy by 164.3% in the fourth quarter. Invesco Ltd. now owns 576,637 shares of the oil and gas producer's stock valued at $28,296,000 after buying an additional 358,487 shares during the last quarter. FIL Ltd raised its holdings in Viper Energy by 8.5% in the 4th quarter. FIL Ltd now owns 3,964,130 shares of the oil and gas producer's stock valued at $194,520,000 after acquiring an additional 310,890 shares during the last quarter. Retirement Systems of Alabama acquired a new position in Viper Energy in the third quarter valued at $12,980,000. Finally, Horizon Kinetics Asset Management LLC lifted its holdings in shares of Viper Energy by 20.4% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 1,589,404 shares of the oil and gas producer's stock worth $77,992,000 after acquiring an additional 268,959 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on VNOM shares. Barclays lifted their target price on Viper Energy from $58.00 to $60.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Raymond James set a $52.00 price target on shares of Viper Energy in a research note on Monday. Truist Financial cut their target price on Viper Energy from $78.00 to $68.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Evercore ISI increased their target price on Viper Energy from $45.00 to $58.00 and gave the stock an "outperform" rating in a report on Wednesday, January 8th. Finally, Mizuho assumed coverage on Viper Energy in a research report on Monday, March 31st. They set an "outperform" rating and a $56.00 price objective for the company. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Viper Energy has a consensus rating of "Moderate Buy" and an average target price of $57.38.
View Our Latest Stock Analysis on Viper Energy
Viper Energy Stock Up 2.8 %
Shares of Viper Energy stock opened at $40.67 on Wednesday. Viper Energy, Inc. has a 1 year low of $34.71 and a 1 year high of $56.76. The stock has a 50-day moving average price of $43.13 and a 200 day moving average price of $48.24. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The company has a market cap of $8.66 billion, a P/E ratio of 17.46 and a beta of 1.23.
Viper Energy Increases Dividend
The firm also recently announced a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were given 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 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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