Victory Capital Management Inc. Has $6.97 Million Position in Viper Energy, Inc. (NASDAQ:VNOM)

Victory Capital Management Inc. lifted its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 48.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,034 shares of the oil and gas producer’s stock after purchasing an additional 46,142 shares during the quarter. Victory Capital Management Inc. owned 0.08% of Viper Energy worth $6,970,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in shares of Viper Energy during the 4th quarter worth approximately $25,000. Farther Finance Advisors LLC increased its position 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 worth $26,000 after purchasing an additional 450 shares during the last quarter. First Horizon Advisors Inc. increased its position 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 worth $34,000 after purchasing an additional 214 shares during the last quarter. National Bank of Canada FI increased its position 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 worth $63,000 after purchasing an additional 1,165 shares during the last quarter. Finally, GAMMA Investing LLC increased its position 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 worth $67,000 after purchasing an additional 680 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Trading Up 4.4 %

NASDAQ VNOM opened at $43.30 on Friday. Viper Energy, Inc. has a 1-year low of $35.46 and a 1-year high of $56.76. 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 stock has a 50-day moving average of $47.70 and a 200-day moving average of $49.17. The firm has a market cap of $9.23 billion, a PE ratio of 18.58 and a beta of 1.69.

Viper Energy Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.65 per share. This is an increase 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%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Piper Sandler decreased their target price on Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Raymond James reissued an “outperform” rating and set a $58.00 target price (down from $64.00) on shares of Viper Energy in a report on Tuesday, February 4th. Bank of America began coverage on Viper Energy in a report on Tuesday, November 26th. They issued a “buy” rating and a $64.00 price objective on the stock. KeyCorp raised Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price objective on the stock in a report on Friday, December 13th. Finally, StockNews.com raised Viper Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

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.