77,532 Shares in Viper Energy, Inc. (NASDAQ:VNOM) Bought by Van ECK Associates Corp

Van ECK Associates Corp purchased a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 77,532 shares of the oil and gas producer’s stock, valued at approximately $3,804,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Savant Capital LLC boosted its position in shares of Viper Energy by 2.1% during the 4th quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer’s stock valued at $706,000 after acquiring an additional 293 shares in the last quarter. Andina Capital Management LLC grew its stake in shares of Viper Energy by 2.5% in the 4th 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 during the period. Fulcrum Equity Management raised its holdings in shares of Viper Energy by 4.1% in the 3rd quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer’s stock worth $430,000 after buying an additional 375 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Viper Energy by 328.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 450 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new position in shares of Viper Energy during the 4th quarter worth approximately $25,000. Institutional investors own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

VNOM has been the subject of several recent analyst reports. StockNews.com lowered Viper Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Truist Financial dropped their target price on shares of Viper Energy from $78.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Piper Sandler reduced their price target on shares of Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. The Goldman Sachs Group started coverage on shares of Viper Energy in a report on Monday, December 2nd. They set a “buy” rating and a $70.00 price objective for the company. Finally, Raymond James reissued an “outperform” rating and issued a $58.00 target price (down from $64.00) on shares of Viper Energy in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Viper Energy presently has a consensus rating of “Moderate Buy” and an average target price of $59.55.

Viper Energy Stock Performance

VNOM stock opened at $50.47 on Thursday. The company has a 50 day moving average price of $49.38 and a 200 day moving average price of $49.39. Viper Energy, Inc. has a fifty-two week low of $34.45 and a fifty-two week high of $56.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. The stock has a market capitalization of $10.75 billion, a PE ratio of 21.66 and a beta of 1.71.

Viper Energy Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.65 per share. The ex-dividend date is Thursday, March 6th. This is a positive change from Viper Energy’s previous dividend of $0.22. Viper Energy’s dividend payout ratio is 51.50%.

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.