Viper Energy, Inc. (NASDAQ:VNOM) Position Boosted by Assetmark Inc.

Assetmark Inc. raised its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 321.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 679 shares of the oil and gas producer’s stock after acquiring an additional 518 shares during the quarter. Assetmark Inc.’s holdings in Viper Energy were worth $33,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of Viper Energy during the 4th quarter valued at about $25,000. Farther Finance Advisors LLC lifted 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 last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Viper Energy by 43.9% during the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock valued at $34,000 after buying an additional 214 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Viper Energy by 524.8% during the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock valued at $63,000 after buying an additional 1,165 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Viper Energy by 99.9% during the 4th quarter. GAMMA Investing LLC now owns 1,361 shares of the oil and gas producer’s stock valued at $67,000 after buying an additional 680 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on VNOM shares. Wells Fargo & Company started coverage on Viper Energy in a report on Friday. They set an “overweight” rating and a $51.00 price target for the company. Truist Financial reduced their target price on Viper Energy from $78.00 to $68.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Evercore ISI boosted their target price on Viper Energy from $45.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their target price on Viper Energy from $56.00 to $51.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Barclays upped 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. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

Viper Energy Stock Performance

Shares of NASDAQ:VNOM opened at $43.30 on Friday. The business’s fifty day moving average price is $47.70 and its two-hundred day moving average price is $49.18. Viper Energy, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $56.76. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 18.58 and a beta of 1.69. 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 business also recently declared a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were given a $0.65 dividend. This is a boost from Viper Energy’s previous dividend of $0.22. The ex-dividend date was Thursday, March 6th. Viper Energy’s dividend payout ratio is 32.70%.

About Viper Energy

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.