Commonwealth Equity Services LLC Boosts Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Commonwealth Equity Services LLC lifted its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 8.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 28,607 shares of the oil and gas producer’s stock after buying an additional 2,179 shares during the period. Commonwealth Equity Services LLC’s holdings in Viper Energy were worth $1,404,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of VNOM. First Horizon Advisors Inc. lifted its position in Viper Energy by 43.9% during the fourth quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock valued at $34,000 after buying an additional 214 shares during the period. Savant Capital LLC increased its stake in shares of Viper Energy by 2.1% in the 4th quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer’s stock worth $706,000 after acquiring an additional 293 shares in the last quarter. Andina Capital Management LLC lifted its position in Viper Energy by 2.5% during the 4th quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer’s stock valued at $634,000 after acquiring an additional 312 shares during the period. Fulcrum Equity Management boosted its stake in Viper Energy by 4.1% during the third quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer’s stock worth $430,000 after acquiring an additional 375 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Viper Energy by 1.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,000 shares of the oil and gas producer’s stock worth $1,030,000 after purchasing an additional 400 shares during the period. 87.72% of the stock is owned by institutional investors.

Viper Energy Trading Down 0.5 %

Shares of VNOM stock opened at $44.19 on Monday. 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, Inc. has a 12-month low of $35.46 and a 12-month high of $56.76. The stock has a market capitalization of $9.41 billion, a P/E ratio of 18.97 and a beta of 1.69. The firm’s 50 day moving average is $46.53 and its 200 day moving average is $49.06.

Viper Energy Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were issued a $0.65 dividend. The ex-dividend date was Thursday, March 6th. This is a positive change from Viper Energy’s previous dividend of $0.22. Viper Energy’s payout ratio is presently 32.70%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VNOM. Truist Financial dropped their price target on Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Barclays boosted their target price on Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on Viper Energy from $56.00 to $51.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. KeyCorp upgraded 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 research note on Friday, December 13th. Finally, Wells Fargo & Company initiated coverage on shares of Viper Energy in a research report on Friday, March 14th. They set an “overweight” rating and a $51.00 price objective on the stock. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Viper Energy presently has an average rating of “Moderate Buy” and a consensus price target of $59.00.

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.