Viper Energy, Inc. (NASDAQ:VNOM) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN increased its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 11.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,370 shares of the oil and gas producer's stock after purchasing an additional 11,493 shares during the quarter. Wells Fargo & Company MN owned approximately 0.05% of Viper Energy worth $5,661,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Golden State Wealth Management LLC bought a new position in Viper Energy in the fourth quarter worth approximately $25,000. Assetmark Inc. raised its stake in Viper Energy by 321.7% in the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock valued at $33,000 after acquiring an additional 518 shares during the period. First Horizon Advisors Inc. raised its stake in Viper Energy by 43.9% in the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock valued at $34,000 after acquiring an additional 214 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Viper Energy during the fourth quarter valued at about $55,000. Finally, GAMMA Investing LLC increased its position in shares of Viper Energy by 99.9% during the fourth quarter. GAMMA Investing LLC now owns 1,361 shares of the oil and gas producer's stock valued at $67,000 after buying an additional 680 shares during the period. 87.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VNOM has been the subject of several recent analyst reports. Wells Fargo & Company cut their price objective on Viper Energy from $51.00 to $48.00 and set an "overweight" rating for the company in a report on Monday. Truist Financial lowered their price target on shares of Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Mizuho initiated coverage on shares of Viper Energy in a report on Monday, March 31st. They set an "outperform" rating and a $56.00 price target for the company. Evercore ISI upped their target price on shares of Viper Energy from $45.00 to $58.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Viper Energy from $51.00 to $49.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $57.15.

Viper Energy Trading Up 1.2 %

Viper Energy stock traded up $0.49 during midday trading on Thursday, reaching $40.91. The stock had a trading volume of 80,739 shares, compared to its average volume of 1,288,960. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a 52-week low of $34.71 and a 52-week high of $56.76. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 17.56 and a beta of 1.23. The company has a fifty day moving average of $42.95 and a 200 day moving average of $48.18.

Viper Energy Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were given 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

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.