Royce & Associates LP lessened its stake in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 20.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,649 shares of the oil and gas producer's stock after selling 6,400 shares during the quarter. Royce & Associates LP's holdings in Viper Energy were worth $1,259,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in VNOM. First Horizon Advisors Inc. boosted its stake in Viper Energy by 43.9% in the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock worth $34,000 after purchasing an additional 214 shares during the period. Savant Capital LLC grew its holdings 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 in the last quarter. Andina Capital Management LLC increased its position in shares of Viper Energy by 2.5% during the 4th quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer's stock worth $634,000 after purchasing an additional 312 shares during the last quarter. Fulcrum Equity Management raised its stake in shares of 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 purchasing an additional 375 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Viper Energy by 1.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,000 shares of the oil and gas producer's stock valued at $1,030,000 after buying an additional 400 shares during the last quarter. Institutional investors own 87.72% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on VNOM. Bank of America initiated coverage on shares of Viper Energy in a research report on Tuesday, November 26th. They set a "buy" rating and a $64.00 price target on the stock. Barclays raised their target price on shares of Viper Energy from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Truist Financial cut their price objective on Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Raymond James reissued an "outperform" rating and issued a $58.00 price objective (down from $64.00) on shares of Viper Energy in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Viper Energy from $56.00 to $51.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $59.00.
Check Out Our Latest Research Report on Viper Energy
Viper Energy Price Performance
NASDAQ VNOM traded down $0.46 during midday trading on Tuesday, hitting $45.17. The company had a trading volume of 1,055,465 shares, compared to its average volume of 1,200,239. The firm has a 50-day moving average price of $47.03 and a 200-day moving average price of $49.08. The company has a market capitalization of $9.62 billion, a PE ratio of 19.39 and a beta of 1.69. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a twelve month low of $35.46 and a twelve month high of $56.76.
Viper Energy Increases Dividend
The company also recently disclosed a dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were given a dividend of $0.65 per share. This is a boost from Viper Energy's previous dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 6th. Viper Energy's dividend 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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