Geode Capital Management LLC increased its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,733,745 shares of the oil and gas producer's stock after purchasing an additional 35,084 shares during the period. Geode Capital Management LLC owned approximately 0.81% of Viper Energy worth $85,102,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of VNOM. Golden State Wealth Management LLC acquired a new stake in shares of Viper Energy during the fourth quarter worth $25,000. Assetmark Inc. lifted its holdings in shares of Viper Energy by 321.7% in the fourth quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock valued at $33,000 after purchasing an additional 518 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Viper Energy by 43.9% during the fourth quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock worth $34,000 after buying an additional 214 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Viper Energy during the fourth quarter worth about $55,000. Finally, National Bank of Canada FI raised its position in 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 buying an additional 1,165 shares during the last quarter. 87.72% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on VNOM. StockNews.com raised shares of Viper Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. Evercore ISI boosted their price target on shares of Viper Energy from $45.00 to $58.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 8th. Raymond James restated an "outperform" rating and issued a $58.00 price objective (down previously from $64.00) on shares of Viper Energy in a report on Tuesday, February 4th. Barclays upped their target price on Viper Energy from $58.00 to $60.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased their price target on Viper Energy from $51.00 to $49.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Viper Energy has a consensus rating of "Moderate Buy" and an average target price of $58.62.
Read Our Latest Research Report on VNOM
Viper Energy Stock Performance
Shares of VNOM stock traded up $0.50 during midday trading on Tuesday, hitting $38.04. 390,794 shares of the company were exchanged, compared to its average volume of 1,275,733. The firm has a market capitalization of $8.10 billion, a P/E ratio of 16.33 and a beta of 1.23. 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 52 week low of $34.71 and a 52 week high of $56.76. The firm's 50 day moving average price is $44.34 and its two-hundred day moving average price is $48.55.
Viper Energy Increases Dividend
The company also recently announced a dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.65 per share. 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 (DPR) is 32.70%.
Viper Energy 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.
See Also
Before you consider Viper Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Viper Energy wasn't on the list.
While Viper Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
