Thrivent Financial for Lutherans Acquires 397 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Thrivent Financial for Lutherans grew its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,230 shares of the oil and gas producer’s stock after buying an additional 397 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Viper Energy were worth $1,189,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Golden State Wealth Management LLC purchased a new position in Viper Energy in the 4th quarter worth approximately $25,000. Assetmark Inc. grew its holdings in shares of Viper Energy by 321.7% in the fourth quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 518 shares during the last quarter. First Horizon Advisors Inc. increased 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 worth $34,000 after buying an additional 214 shares during the period. National Bank of Canada FI raised its holdings in 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 boosted its position in 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 period. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VNOM. Wells Fargo & Company started coverage on shares of Viper Energy in a research report on Friday, March 14th. They issued an “overweight” rating and a $51.00 price objective on the stock. KeyCorp raised Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price target for the company in a research report on Friday, December 13th. The Goldman Sachs Group set a $72.00 price objective on Viper Energy in a research report on Monday, March 3rd. Truist Financial decreased 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. Finally, Raymond James reiterated an “outperform” rating and issued a $58.00 price target (down previously from $64.00) on shares of Viper Energy in a report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Viper Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.77.

Viper Energy Trading Up 2.2 %

NASDAQ:VNOM opened at $45.15 on Tuesday. The firm has a market capitalization of $9.62 billion, a P/E ratio of 19.38 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, Inc. has a one year low of $35.46 and a one year high of $56.76. The company’s 50-day simple moving average is $46.40 and its 200 day simple moving average is $49.07.

Viper Energy Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 13th. Stockholders 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 payout ratio is currently 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.