ArrowMark Colorado Holdings LLC Sells 92,389 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

ArrowMark Colorado Holdings LLC decreased its holdings in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,399,883 shares of the oil and gas producer's stock after selling 92,389 shares during the period. Viper Energy accounts for about 1.6% of ArrowMark Colorado Holdings LLC's portfolio, making the stock its 13th biggest holding. ArrowMark Colorado Holdings LLC owned approximately 1.13% of Viper Energy worth $117,762,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Golden State Wealth Management LLC purchased a new position in shares of Viper Energy during the fourth quarter valued at about $25,000. Quarry LP purchased a new position in Viper Energy during the 4th quarter valued at approximately $32,000. Assetmark Inc. increased its stake in Viper Energy by 321.7% in the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock worth $33,000 after acquiring an additional 518 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Viper Energy by 43.9% during the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock worth $34,000 after acquiring an additional 214 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Viper Energy during the 4th quarter valued at approximately $55,000. Hedge funds and other institutional investors own 87.72% of the company's stock.

Viper Energy Trading Down 1.6 %

Shares of NASDAQ:VNOM traded down $0.67 on Monday, hitting $41.41. 1,401,722 shares of the company's stock were exchanged, compared to its average volume of 1,291,868. The business's 50 day simple moving average is $41.87 and its two-hundred day simple moving average is $47.60. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 17.77 and a beta of 1.23. Viper Energy, Inc. has a 12 month low of $34.71 and a 12 month high of $56.76.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its earnings results on Monday, May 5th. The oil and gas producer reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.13. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. During the same period in the prior year, the company posted $0.49 EPS. Analysts anticipate that Viper Energy, Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were given a dividend of $0.65 per share. 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 32.70%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on VNOM shares. Evercore ISI upped 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. Piper Sandler decreased their target price on shares of Viper Energy from $63.00 to $62.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Mizuho began coverage on Viper Energy in a research report on Monday, March 31st. They issued an "outperform" rating and a $56.00 price target for the company. Raymond James set a $52.00 price objective on Viper Energy in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. dropped 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. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $57.15.

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.