Vanguard Group Inc. increased its position in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,094,960 shares of the oil and gas producer's stock after purchasing an additional 239,404 shares during the quarter. Vanguard Group Inc. owned approximately 4.74% of Viper Energy worth $495,360,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in shares of Viper Energy during the 4th quarter worth $25,000. Assetmark Inc. grew its holdings in Viper Energy by 321.7% during the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock worth $33,000 after acquiring an additional 518 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Viper Energy by 43.9% during the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock worth $34,000 after acquiring an additional 214 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Viper Energy during the 4th quarter valued at about $55,000. Finally, National Bank of Canada FI raised 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 purchasing an additional 1,165 shares in the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.
Viper Energy Stock Performance
Shares of VNOM traded down $4.38 during trading hours on Thursday, reaching $41.56. 1,471,793 shares of the company traded hands, compared to its average volume of 1,242,672. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average price of $46.24 and a 200-day moving average price of $49.07. Viper Energy, Inc. has a 12-month low of $35.46 and a 12-month high of $56.76. The stock has a market capitalization of $8.85 billion, a P/E ratio of 17.84 and a beta of 1.69.
Viper Energy Increases Dividend
The company also recently declared a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, March 6th. This is an increase from Viper Energy's previous dividend of $0.22. Viper Energy's payout ratio is presently 32.70%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on VNOM shares. Truist Financial cut their price objective on shares of Viper Energy from $78.00 to $68.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. cut their price target on Viper Energy from $56.00 to $51.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Barclays upped their price objective on Viper Energy from $58.00 to $60.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Raymond James reiterated an "outperform" rating and issued a $58.00 target price (down previously from $64.00) on shares of Viper Energy in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group set a $72.00 price target on shares of Viper Energy in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Viper Energy presently has an average rating of "Moderate Buy" and an average target price of $58.77.
View Our Latest Analysis on VNOM
About Viper Energy
(
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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