Charles Schwab Investment Management Inc. Acquires 7,307 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Charles Schwab Investment Management Inc. raised its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 1.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 632,568 shares of the oil and gas producer’s stock after acquiring an additional 7,307 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.34% of Viper Energy worth $31,040,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of Viper Energy during the 4th quarter worth approximately $25,000. First Horizon Advisors Inc. grew its stake in shares of Viper Energy by 43.9% in the fourth 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 in the last quarter. National Bank of Canada FI grew its stake in shares of Viper Energy by 524.8% in the third 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 in the last quarter. GAMMA Investing LLC grew its stake in shares of Viper Energy by 99.9% in the fourth 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 in the last quarter. Finally, Versant Capital Management Inc bought a new position in shares of Viper Energy in the fourth quarter valued at $94,000. 87.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VNOM has been the subject of several analyst reports. Bank of America initiated coverage on shares of Viper Energy in a research note on Tuesday, November 26th. They issued a “buy” rating and a $64.00 target price for the company. Piper Sandler decreased their target price on shares of Viper Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. StockNews.com raised shares of Viper Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price objective on shares of Viper Energy from $56.00 to $51.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, The Goldman Sachs Group set a $72.00 price objective on shares of Viper Energy in a research report on Monday, March 3rd. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Viper Energy has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Viper Energy Stock Up 4.4 %

VNOM opened at $43.30 on Monday. Viper Energy, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $56.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The company has a market capitalization of $9.23 billion, a P/E ratio of 18.58 and a beta of 1.69. The stock has a fifty day moving average of $47.70 and a 200-day moving average of $49.19.

Viper Energy Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were paid a $0.65 dividend. The ex-dividend date was Thursday, March 6th. This is an increase from Viper Energy’s previous dividend of $0.22. Viper Energy’s 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.