Sei Investments Co. Decreases Stock Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Sei Investments Co. reduced its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 12.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,928 shares of the oil and gas producer’s stock after selling 5,614 shares during the quarter. Sei Investments Co.’s holdings in Viper Energy were worth $1,910,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in Viper Energy during the fourth quarter worth approximately $25,000. Assetmark Inc. increased its stake 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 buying an additional 518 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Viper Energy by 43.9% during the fourth quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock worth $34,000 after purchasing an additional 214 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Viper Energy in the 4th quarter worth approximately $55,000. Finally, National Bank of Canada FI lifted its position in shares of Viper Energy by 524.8% in the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock worth $63,000 after buying an additional 1,165 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Viper Energy Trading Down 9.4 %

Shares of VNOM stock opened at $37.64 on Friday. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $8.02 billion, a P/E ratio of 16.15 and a beta of 1.69. The firm’s fifty day simple moving average is $45.90 and its 200 day simple moving average is $49.01. Viper Energy, Inc. has a 1 year low of $35.46 and a 1 year high of $56.76.

Viper Energy Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were given 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 dividend payout ratio (DPR) is currently 32.70%.

Wall Street Analyst Weigh In

VNOM has been the topic of a number of recent research reports. Barclays raised their target price on Viper Energy from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Evercore ISI upped their price target on Viper Energy from $45.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Piper Sandler cut their price target on shares of Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. JPMorgan Chase & Co. reduced their price target 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, March 13th. Finally, Mizuho assumed coverage on Viper Energy in a research report on Monday, March 31st. They issued an “outperform” rating and a $56.00 target price on the stock. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Viper Energy presently has an average rating of “Moderate Buy” and an average target price of $58.77.

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.