Victory Capital Management Inc. Purchases 46,142 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Victory Capital Management Inc. boosted its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 48.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 142,034 shares of the oil and gas producer's stock after purchasing an additional 46,142 shares during the quarter. Victory Capital Management Inc. owned about 0.08% of Viper Energy worth $6,970,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. FMR LLC raised its stake in Viper Energy by 4,836.9% during the third quarter. FMR LLC now owns 74,596 shares of the oil and gas producer's stock valued at $3,365,000 after purchasing an additional 73,085 shares in the last quarter. Geode Capital Management LLC raised its stake in Viper Energy by 16.0% during the third quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer's stock valued at $76,647,000 after purchasing an additional 234,048 shares in the last quarter. Retirement Systems of Alabama purchased a new stake in shares of Viper Energy in the third quarter valued at $12,980,000. Principal Financial Group Inc. raised its stake in shares of Viper Energy by 3,200.2% in the third quarter. Principal Financial Group Inc. now owns 235,307 shares of the oil and gas producer's stock valued at $10,615,000 after acquiring an additional 228,177 shares during the period. Finally, Barclays PLC raised its stake in shares of Viper Energy by 103.3% in the third quarter. Barclays PLC now owns 43,962 shares of the oil and gas producer's stock valued at $1,982,000 after acquiring an additional 22,334 shares during the period. Hedge funds and other institutional investors own 87.72% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

VNOM has been the topic of several recent analyst reports. KeyCorp raised shares of Viper Energy from a "sector weight" rating to an "overweight" rating and set a $62.00 price target on the stock in a research note on Friday, December 13th. Piper Sandler reduced their price target on shares of Viper Energy from $64.00 to $63.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. Evercore ISI raised their price target on shares of Viper Energy from $45.00 to $58.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 8th. Bank of America initiated coverage on shares of Viper Energy in a research note on Tuesday, November 26th. They issued a "buy" rating and a $64.00 price target on the stock. Finally, StockNews.com raised shares of Viper Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $59.00.

Viper Energy Stock Up 0.1 %

Viper Energy stock traded up $0.06 during midday trading on Tuesday, hitting $43.79. 965,942 shares of the company's stock were exchanged, compared to its average volume of 1,185,784. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. Viper Energy, Inc. has a 12 month low of $35.46 and a 12 month high of $56.76. The firm has a 50-day moving average of $47.56 and a two-hundred day moving average of $49.16. The company has a market cap of $9.33 billion, a PE ratio of 18.79 and a beta of 1.69.

Viper Energy Increases Dividend

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

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.