Resona Asset Management Co. Ltd. Buys Shares of 18,850 Viper Energy, Inc. (NASDAQ:VNOM)

Resona Asset Management Co. Ltd. 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 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,850 shares of the oil and gas producer's stock, valued at approximately $925,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VNOM. FMR LLC boosted its holdings in shares of Viper Energy by 4,836.9% in the 3rd quarter. FMR LLC now owns 74,596 shares of the oil and gas producer's stock valued at $3,365,000 after buying an additional 73,085 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Viper Energy during the third quarter worth about $283,000. State Street Corp grew its holdings in shares of Viper Energy by 78.2% during the third quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer's stock worth $172,918,000 after purchasing an additional 1,682,183 shares during the last quarter. National Bank of Canada FI increased its position in shares of Viper Energy by 524.8% during the third quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer's stock worth $63,000 after purchasing an additional 1,165 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Viper Energy by 5.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 37,125 shares of the oil and gas producer's stock valued at $1,675,000 after purchasing an additional 2,073 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

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Viper Energy Price Performance

Shares of VNOM stock traded up $0.77 during mid-day trading on Tuesday, reaching $38.31. The stock had a trading volume of 443,691 shares, compared to its average volume of 1,275,947. Viper Energy, Inc. has a 12-month low of $34.71 and a 12-month high of $56.76. 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 business has a 50-day simple moving average of $44.34 and a 200 day simple moving average of $48.55. The company has a market cap of $8.16 billion, a P/E ratio of 16.44 and a beta of 1.23.

Viper Energy Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were given a $0.65 dividend. The ex-dividend date was Thursday, March 6th. This is a positive change from Viper Energy's previous dividend of $0.22. Viper Energy's dividend payout ratio is currently 32.70%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VNOM. Mizuho initiated coverage on Viper Energy in a research note on Monday, March 31st. They set an "outperform" rating and a $56.00 price target on the stock. Raymond James reaffirmed an "outperform" rating and issued a $58.00 target price (down from $64.00) on shares of Viper Energy in a report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price objective on shares of Viper Energy from $51.00 to $49.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company started coverage on shares of Viper Energy in a report on Friday, March 14th. They issued an "overweight" rating and a $51.00 target price for the company. Finally, Barclays raised their price target on Viper Energy from $58.00 to $60.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $58.62.

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.