Stephens Inc. AR Purchases 605 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Stephens Inc. AR increased its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,834 shares of the oil and gas producer’s stock after acquiring an additional 605 shares during the quarter. Stephens Inc. AR’s holdings in Viper Energy were worth $728,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of VNOM. The Manufacturers Life Insurance Company boosted its stake in Viper Energy by 8.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,497 shares of the oil and gas producer’s stock worth $507,000 after acquiring an additional 1,006 shares during the last quarter. Truist Financial Corp boosted its stake in Viper Energy by 4.5% during the 2nd quarter. Truist Financial Corp now owns 11,230 shares of the oil and gas producer’s stock worth $421,000 after acquiring an additional 488 shares during the last quarter. GAMMA Investing LLC boosted its stake in Viper Energy by 208.1% during the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 460 shares during the last quarter. Seven Grand Managers LLC bought a new position in Viper Energy in the third quarter valued at approximately $4,511,000. Finally, Stratos Wealth Partners LTD. lifted its stake in Viper Energy by 0.4% in the third quarter. Stratos Wealth Partners LTD. now owns 122,557 shares of the oil and gas producer’s stock valued at $5,529,000 after buying an additional 528 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on VNOM. Bank of America began coverage on shares of Viper Energy in a research note on Tuesday, November 26th. They issued a “buy” rating and a $64.00 price target on the stock. Evercore ISI lifted their price target on shares of Viper Energy from $45.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group began coverage on shares of Viper Energy in a research note on Monday, December 2nd. They issued a “buy” rating and a $70.00 price target on the stock. Raymond James reiterated an “outperform” rating and issued a $58.00 price objective (down from $64.00) on shares of Viper Energy in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Viper Energy has an average rating of “Moderate Buy” and a consensus price target of $59.55.

Viper Energy Price Performance

Shares of VNOM opened at $50.00 on Friday. The company has a market cap of $10.65 billion, a price-to-earnings ratio of 21.46 and a beta of 1.71. Viper Energy, Inc. has a 1-year low of $32.78 and a 1-year high of $56.76. The company’s fifty day simple moving average is $49.49 and its 200 day simple moving average is $49.10. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25.

Viper Energy Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, March 6th will be 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 of this dividend is Thursday, March 6th. Viper Energy’s payout ratio is presently 51.50%.

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.