Stratos Wealth Advisors LLC Acquires Shares of 9,165 Viper Energy, Inc. (NASDAQ:VNOM)

Stratos Wealth Advisors LLC acquired a new stake in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 9,165 shares of the oil and gas producer's stock, valued at approximately $450,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in shares of Viper Energy by 328.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer's stock valued at $26,000 after purchasing an additional 450 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Viper Energy by 208.1% in the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer's stock valued at $31,000 after acquiring an additional 460 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Viper Energy by 524.8% in the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer's stock valued at $63,000 after acquiring an additional 1,165 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of Viper Energy in the 4th quarter valued at about $94,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of Viper Energy in the 4th quarter valued at about $110,000. Institutional investors own 87.72% of the company's stock.

Viper Energy Stock Performance

Shares of NASDAQ:VNOM traded up $0.54 on Tuesday, hitting $51.14. 1,376,772 shares of the company were exchanged, compared to its average volume of 1,916,718. Viper Energy, Inc. has a 1-year low of $32.24 and a 1-year high of $56.76. The stock's 50 day moving average price is $49.60 and its 200 day moving average price is $49.03. 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 firm has a market capitalization of $10.90 billion, a P/E ratio of 21.95 and a beta of 1.71.

Viper Energy Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.65 per share. This is an increase from Viper Energy's previous dividend of $0.22. The ex-dividend date is Thursday, March 6th. Viper Energy's payout ratio is presently 51.50%.

Analyst Ratings Changes

A number of brokerages recently commented on VNOM. The Goldman Sachs Group began coverage on shares of Viper Energy in a report on Monday, December 2nd. They issued a "buy" rating and a $70.00 price target for the company. Roth Mkm increased their price target on shares of Viper Energy from $46.00 to $53.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. KeyCorp raised shares of Viper Energy from a "sector weight" rating to an "overweight" rating and set a $62.00 price objective on the stock in a research report on Friday, December 13th. StockNews.com lowered shares of Viper Energy from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Finally, Piper Sandler reduced their price objective on shares of Viper Energy from $64.00 to $63.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Viper Energy has an average rating of "Moderate Buy" and a consensus price target of $59.55.

Viper Energy Company 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.