37,352 Shares in Viper Energy, Inc. (NASDAQ:VNOM) Bought by Massar Capital Management LP

Massar Capital Management LP purchased a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,352 shares of the oil and gas producer's stock, valued at approximately $1,833,000. Viper Energy accounts for 2.1% of Massar Capital Management LP's holdings, making the stock its 15th largest position.

Several other hedge funds and other institutional investors have also modified their holdings of VNOM. Vanguard Group Inc. boosted its holdings in Viper Energy by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 10,094,960 shares of the oil and gas producer's stock valued at $495,360,000 after purchasing an additional 239,404 shares during the period. FIL Ltd boosted its holdings in Viper Energy by 8.5% in the fourth quarter. FIL Ltd now owns 3,964,130 shares of the oil and gas producer's stock valued at $194,520,000 after purchasing an additional 310,890 shares during the period. Raymond James Financial Inc. purchased a new position in Viper Energy in the fourth quarter valued at $95,505,000. Geode Capital Management LLC boosted its holdings in Viper Energy by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 1,733,745 shares of the oil and gas producer's stock valued at $85,102,000 after purchasing an additional 35,084 shares during the period. Finally, Horizon Kinetics Asset Management LLC boosted its holdings in Viper Energy by 20.4% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,589,404 shares of the oil and gas producer's stock valued at $77,992,000 after purchasing an additional 268,959 shares during the period. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on VNOM shares. Raymond James set a $52.00 target price on Viper Energy in a report on Monday, April 21st. JPMorgan Chase & Co. decreased their target price on Viper Energy from $51.00 to $49.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. The Goldman Sachs Group set a $72.00 price target on Viper Energy in a report on Monday, March 3rd. Truist Financial decreased their price target on Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Finally, Piper Sandler decreased their price target on Viper Energy from $63.00 to $62.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $57.15.

Viper Energy Stock Performance

Shares of VNOM stock traded up $0.58 during trading hours on Friday, hitting $41.58. The stock had a trading volume of 495,924 shares, compared to its average volume of 1,294,901. The firm has a market capitalization of $8.86 billion, a PE ratio of 17.85 and a beta of 1.23. Viper Energy, Inc. has a twelve month low of $34.71 and a twelve month high of $56.76. The stock's 50 day moving average is $42.60 and its 200 day moving average is $48.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24.

Viper Energy Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were issued a $0.65 dividend. 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 presently 32.70%.

Viper Energy 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.