Barclays PLC Grows Stake in Viper Energy, Inc. (NASDAQ:VNOM)

Barclays PLC grew its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 77.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 77,810 shares of the oil and gas producer's stock after buying an additional 33,848 shares during the quarter. Barclays PLC's holdings in Viper Energy were worth $3,819,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in Viper Energy in the fourth quarter valued at about $25,000. Assetmark Inc. increased its stake in shares of Viper Energy by 321.7% in the fourth quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock valued at $33,000 after buying an additional 518 shares during the period. First Horizon Advisors Inc. raised its holdings in Viper Energy by 43.9% in the 4th 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 last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Viper Energy during the 4th quarter worth approximately $55,000. Finally, Covestor Ltd grew its holdings in Viper Energy by 8,100.0% during the 4th quarter. Covestor Ltd now owns 1,312 shares of the oil and gas producer's stock worth $64,000 after acquiring an additional 1,296 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors.

Viper Energy Stock Up 0.5 %

Shares of VNOM stock traded up $0.21 on Friday, reaching $41.73. 108,612 shares of the company were exchanged, compared to its average volume of 1,285,738. 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 company has a 50-day moving average of $41.99 and a 200-day moving average of $47.78. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 17.92 and a beta of 1.23. Viper Energy, Inc. has a one year low of $34.71 and a one year high of $56.76.

Viper Energy Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were paid a $0.65 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This is a boost from Viper Energy's previous dividend of $0.22. Viper Energy's dividend payout ratio (DPR) is 32.70%.

Analysts Set New Price Targets

A number of analysts recently weighed in on VNOM shares. JPMorgan Chase & Co. decreased their price objective on Viper Energy from $51.00 to $49.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company cut their price objective on Viper Energy from $51.00 to $48.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Mizuho initiated coverage on shares of Viper Energy in a research report on Monday, March 31st. They set an "outperform" rating and a $56.00 target price for the company. Barclays dropped their price target on shares of Viper Energy from $60.00 to $57.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Truist Financial dropped their target price 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. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.