Viper Energy, Inc. (NASDAQ:VNOM) Shares Bought by Rhumbline Advisers

Rhumbline Advisers lifted its holdings in Viper Energy, Inc. (NASDAQ:VNOM) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 268,297 shares of the oil and gas producer’s stock after acquiring an additional 16,172 shares during the period. Rhumbline Advisers owned approximately 0.14% of Viper Energy worth $13,165,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in VNOM. Raymond James & Associates increased its position in shares of Viper Energy by 41.9% in the third quarter. Raymond James & Associates now owns 145,693 shares of the oil and gas producer’s stock worth $6,572,000 after acquiring an additional 42,999 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Viper Energy during the 3rd quarter valued at $144,000. International Assets Investment Management LLC grew its holdings in Viper Energy by 7,251.2% during the 3rd quarter. International Assets Investment Management LLC now owns 71,454 shares of the oil and gas producer’s stock valued at $3,223,000 after purchasing an additional 70,482 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in Viper Energy during the 3rd quarter valued at $1,268,000. Finally, State of Alaska Department of Revenue acquired a new stake in Viper Energy during the 3rd quarter valued at $528,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on VNOM. 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. Barclays increased their price objective on shares of Viper Energy from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Raymond James reiterated an “outperform” rating and set a $58.00 price objective (down from $64.00) on shares of Viper Energy in a research note on Tuesday, February 4th. JPMorgan Chase & Co. increased their price objective on shares of Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, Piper Sandler reduced their price objective on shares of Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. One research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Viper Energy currently has an average rating of “Moderate Buy” and a consensus price target of $59.55.

Viper Energy Trading Down 3.7 %

Viper Energy stock opened at $48.33 on Friday. The firm’s 50-day moving average is $49.30 and its 200-day moving average is $49.46. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. Viper Energy, Inc. has a 1 year low of $34.45 and a 1 year high of $56.76. The company has a market cap of $10.30 billion, a P/E ratio of 20.74 and a beta of 1.71.

Viper Energy Increases Dividend

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