Mutual of America Capital Management LLC Sells 430 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Mutual of America Capital Management LLC reduced its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,396 shares of the oil and gas producer’s stock after selling 430 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Viper Energy were worth $2,669,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VNOM. Oppenheimer & Co. Inc. bought a new stake in shares of Viper Energy in the 4th quarter valued at about $358,000. Oregon Public Employees Retirement Fund increased its stake in shares of Viper Energy by 1.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,000 shares of the oil and gas producer’s stock valued at $1,030,000 after acquiring an additional 400 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Viper Energy by 43.9% in the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock valued at $34,000 after acquiring an additional 214 shares during the last quarter. Navellier & Associates Inc. increased its stake in shares of Viper Energy by 5.6% in the 4th quarter. Navellier & Associates Inc. now owns 81,610 shares of the oil and gas producer’s stock valued at $4,005,000 after acquiring an additional 4,300 shares during the last quarter. Finally, O Brien Greene & Co. Inc increased its stake in shares of Viper Energy by 18.2% in the 4th quarter. O Brien Greene & Co. Inc now owns 8,275 shares of the oil and gas producer’s stock valued at $406,000 after acquiring an additional 1,275 shares during the last quarter. 87.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VNOM. Bank of America began coverage on Viper Energy in a research note on Tuesday, November 26th. They issued a “buy” rating and a $64.00 price target for the company. Truist Financial decreased their price objective on Viper Energy from $78.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. The Goldman Sachs Group began coverage on Viper Energy in a research report on Monday, December 2nd. They issued a “buy” rating and a $70.00 price objective for the company. Piper Sandler decreased their price objective on Viper Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Finally, StockNews.com upgraded Viper Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Viper Energy presently has an average rating of “Moderate Buy” and an average price target of $59.55.

Viper Energy Trading Down 0.3 %

Shares of Viper Energy stock opened at $41.36 on Friday. Viper Energy, Inc. has a 12-month low of $34.45 and a 12-month high of $56.76. The stock has a market cap of $8.81 billion, a P/E ratio of 17.75 and a beta of 1.71. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $48.48 and its 200-day moving average is $49.36.

Viper Energy Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, March 6th. This is a boost from Viper Energy’s previous dividend of $0.22. Viper Energy’s dividend payout ratio is currently 32.70%.

Viper Energy Company 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.