Charles Schwab Investment Management Inc. Has $31.04 Million Stake in Viper Energy, Inc. (NASDAQ:VNOM)

Charles Schwab Investment Management Inc. lifted its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 1.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 632,568 shares of the oil and gas producer’s stock after buying an additional 7,307 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Viper Energy were worth $31,040,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its holdings in Viper Energy by 43.9% in the fourth 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. Savant Capital LLC raised its position in shares of Viper Energy by 2.1% during the fourth quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer’s stock worth $706,000 after purchasing an additional 293 shares during the period. Andina Capital Management LLC raised its position in shares of Viper Energy by 2.5% during the fourth quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer’s stock worth $634,000 after purchasing an additional 312 shares during the period. Fulcrum Equity Management raised its position in Viper Energy by 4.1% in the 3rd quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer’s stock valued at $430,000 after buying an additional 375 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in 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 buying an additional 400 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VNOM has been the subject of a number of analyst reports. Raymond James reissued an “outperform” rating and issued a $58.00 price target (down from $64.00) on shares of Viper Energy in a research report on Tuesday, February 4th. Barclays increased their price target on Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their price target on Viper Energy from $56.00 to $51.00 and set an “overweight” rating for the company in a research note on Thursday. Bank of America began coverage on Viper Energy in a research note on Tuesday, November 26th. They set a “buy” rating and a $64.00 price target for the company. Finally, StockNews.com upgraded Viper Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Viper Energy presently has an average rating of “Moderate Buy” and an average target price of $59.00.

Viper Energy Stock Performance

Shares of VNOM opened at $43.30 on Monday. The company has a market cap of $9.23 billion, a PE ratio of 18.58 and a beta of 1.69. 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 price of $47.70 and a 200-day moving average price of $49.19. Viper Energy, Inc. has a 12-month low of $35.46 and a 12-month high of $56.76.

Viper Energy Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were given a dividend of $0.65 per share. The ex-dividend date of this dividend 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 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.