HM Payson & Co. Sells 4,000 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

HM Payson & Co. decreased its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 66.7% during the fourth quarter, HoldingsChannel reports. The fund owned 2,000 shares of the oil and gas producer’s stock after selling 4,000 shares during the quarter. HM Payson & Co.’s holdings in Viper Energy were worth $98,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Pacific Heights Asset Management LLC raised its holdings in Viper Energy by 42.9% during the 4th quarter. Pacific Heights Asset Management LLC now owns 250,000 shares of the oil and gas producer’s stock valued at $12,268,000 after acquiring an additional 75,000 shares during the period. Raymond James Financial Inc. bought a new stake in Viper Energy during the 4th quarter valued at $95,505,000. Arizona State Retirement System raised its holdings in Viper Energy by 12.9% during the 4th quarter. Arizona State Retirement System now owns 29,855 shares of the oil and gas producer’s stock valued at $1,465,000 after acquiring an additional 3,401 shares during the period. Assetmark Inc. raised its holdings in Viper Energy by 321.7% during the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 518 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Viper Energy by 48.1% during the 4th quarter. Victory Capital Management Inc. now owns 142,034 shares of the oil and gas producer’s stock valued at $6,970,000 after acquiring an additional 46,142 shares during the period. Institutional investors own 87.72% of the company’s stock.

Viper Energy Stock Down 0.3 %

VNOM opened at $41.36 on Monday. The stock has a market cap of $8.81 billion, a PE ratio of 17.75 and a beta of 1.69. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a 52 week low of $34.45 and a 52 week high of $56.76. The business’s fifty day simple moving average is $48.48 and its 200 day simple moving average is $49.40.

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 paid a $0.65 dividend. The ex-dividend date 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%.

Analyst Ratings Changes

Several research firms have recently weighed in on VNOM. Raymond James reaffirmed 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. Truist Financial decreased their price target on shares of Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Evercore ISI upped their price target on shares of Viper Energy from $45.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. KeyCorp raised shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price target on the stock in a report on Friday, December 13th. Finally, Barclays upped their price target on shares of Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $59.55.

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.