Private Advisor Group LLC Grows Position in Viper Energy, Inc. (NASDAQ:VNOM)

Private Advisor Group LLC raised its position in Viper Energy, Inc. (NASDAQ:VNOM) by 20.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,862 shares of the oil and gas producer’s stock after purchasing an additional 1,333 shares during the quarter. Private Advisor Group LLC’s holdings in Viper Energy were worth $386,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new stake in shares of Viper Energy during the 3rd quarter valued at about $528,000. New York State Teachers Retirement System purchased a new stake in shares of Viper Energy during the 3rd quarter valued at about $984,000. Stephens Inc. AR raised its holdings in shares of Viper Energy by 6.2% during the 3rd quarter. Stephens Inc. AR now owns 14,229 shares of the oil and gas producer’s stock valued at $642,000 after buying an additional 828 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Viper Energy by 328.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 450 shares during the period. Finally, Forum Financial Management LP purchased a new stake in shares of Viper Energy during the 3rd quarter valued at about $211,000. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Stock Down 1.0 %

Shares of Viper Energy stock opened at $44.90 on Wednesday. Viper Energy, Inc. has a 1-year low of $34.45 and a 1-year 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 business’s fifty day moving average price is $48.86 and its two-hundred day moving average price is $49.50. The company has a market capitalization of $9.57 billion, a P/E ratio of 19.27 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. Stockholders of record on Thursday, March 6th will be paid a $0.65 dividend. The ex-dividend date is Thursday, March 6th. This is an increase from Viper Energy’s previous dividend of $0.22. Viper Energy’s payout ratio is currently 32.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on VNOM shares. StockNews.com upgraded Viper Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. KeyCorp upgraded Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price objective for the company in a research note on Friday, December 13th. Piper Sandler lowered their price objective on Viper Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Truist Financial lowered their price objective on Viper Energy from $78.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. lifted their target price on Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Viper Energy presently has a consensus rating of “Moderate Buy” and an average target price of $59.55.

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.