Savant Capital LLC Boosts Stock Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Savant Capital LLC grew its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,396 shares of the oil and gas producer’s stock after buying an additional 293 shares during the quarter. Savant Capital LLC’s holdings in Viper Energy were worth $706,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its holdings in shares of 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 buying an additional 73,085 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Viper Energy during the third quarter valued at approximately $984,000. Geode Capital Management LLC boosted its holdings in Viper Energy by 16.0% in the third quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer’s stock worth $76,647,000 after purchasing an additional 234,048 shares during the last quarter. Summit Global Investments purchased a new stake in Viper Energy in the third quarter worth approximately $706,000. Finally, Retirement Systems of Alabama purchased a new stake in Viper Energy in the third quarter worth approximately $12,980,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Truist Financial dropped their target price on shares of Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Evercore ISI raised their target price on shares of Viper Energy from $45.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. The Goldman Sachs Group assumed coverage on shares of Viper Energy in a report on Monday, December 2nd. They issued a “buy” rating and a $70.00 target price on the stock. Raymond James restated an “outperform” rating and issued a $58.00 target price (down previously from $64.00) on shares of Viper Energy in a report on Tuesday, February 4th. Finally, KeyCorp upgraded shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 target price on the stock in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.55.

Viper Energy Stock Down 1.2 %

Shares of VNOM stock opened at $49.41 on Friday. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 21.21 and a beta of 1.71. Viper Energy, Inc. has a one year low of $33.03 and a one year high of $56.76. The company’s fifty day moving average price is $49.41 and its 200-day moving average price is $49.21. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24.

Viper Energy Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.65 per share. This is an increase from Viper Energy’s previous dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 6th. Viper Energy’s dividend payout ratio (DPR) is presently 51.50%.

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.