Viper Energy, Inc. (NASDAQ:VNOM) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,651,977 shares of the oil and gas producer's stock after selling 976,788 shares during the period. Wellington Management Group LLP owned 5.00% of Viper Energy worth $522,693,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Golden State Wealth Management LLC acquired a new stake in shares of Viper Energy in the fourth quarter worth approximately $25,000. Assetmark Inc. boosted its stake 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 purchasing an additional 518 shares during the last quarter. First Horizon Advisors Inc. grew its holdings 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 in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Viper Energy during the fourth quarter worth $55,000. Finally, National Bank of Canada FI raised its position in shares of Viper Energy by 524.8% in the third 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 hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several brokerages recently issued reports on VNOM. Piper Sandler dropped their price objective on shares of Viper Energy from $64.00 to $63.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Raymond James restated an "outperform" rating and issued a $58.00 price target (down from $64.00) on shares of Viper Energy in a research report on Tuesday, February 4th. Mizuho initiated coverage on Viper Energy in a research report on Monday. They set an "outperform" rating and a $56.00 price objective on the stock. The Goldman Sachs Group set a $72.00 target price on Viper Energy in a report on Monday, March 3rd. Finally, StockNews.com upgraded Viper Energy from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Viper Energy has an average rating of "Moderate Buy" and an average target price of $58.77.

Viper Energy Trading Down 9.5 %

NASDAQ VNOM traded down $4.38 during trading hours on Thursday, reaching $41.56. The company had a trading volume of 1,471,793 shares, compared to its average volume of 1,241,787. Viper Energy, Inc. has a 1-year low of $35.46 and a 1-year 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. The stock has a 50-day moving average of $46.24 and a 200 day moving average of $49.07. 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 Increases Dividend

The business also recently disclosed 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 positive change 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%.

About Viper Energy

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.