Zurcher Kantonalbank Zurich Cantonalbank Increases Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 43.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,351 shares of the oil and gas producer's stock after buying an additional 9,122 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Viper Energy were worth $1,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. grew its stake in 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 purchasing an additional 214 shares during the period. Savant Capital LLC lifted its holdings in shares of Viper Energy by 2.1% in the fourth quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer's stock valued at $706,000 after purchasing an additional 293 shares in the last quarter. Andina Capital Management LLC lifted its holdings in shares of Viper Energy by 2.5% in the fourth quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer's stock valued at $634,000 after purchasing an additional 312 shares in the last quarter. Fulcrum Equity Management lifted its holdings in shares of Viper Energy by 4.1% in the third quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer's stock valued at $430,000 after purchasing an additional 375 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Viper Energy by 1.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,000 shares of the oil and gas producer's stock valued at $1,030,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

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Analyst Upgrades and Downgrades

VNOM has been the topic of a number of recent research reports. Piper Sandler dropped their target price on Viper Energy from $64.00 to $63.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. KeyCorp upgraded Viper Energy from a "sector weight" rating to an "overweight" rating and set a $62.00 price target on the stock in a report on Friday, December 13th. JPMorgan Chase & Co. dropped 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 lifted their price target on Viper Energy from $58.00 to $60.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, StockNews.com upgraded Viper Energy from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $59.00.

Viper Energy Stock Performance

NASDAQ:VNOM traded down $1.14 during trading hours on Friday, reaching $44.23. The stock had a trading volume of 3,753,853 shares, compared to its average volume of 1,199,430. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The stock has a 50 day simple moving average of $47.13 and a 200 day simple moving average of $49.05. Viper Energy, Inc. has a 12-month low of $35.46 and a 12-month high of $56.76. The stock has a market cap of $9.42 billion, a P/E ratio of 18.98 and a beta of 1.69.

Viper Energy Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were given a $0.65 dividend. This is an increase 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.