Barclays PLC Acquires 33,848 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Barclays PLC increased its holdings in 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 Securities and Exchange Commission. 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VNOM. Golden State Wealth Management LLC purchased a new position in shares of Viper Energy during the 4th quarter worth $25,000. Assetmark Inc. raised its holdings 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 purchasing an additional 518 shares during the period. 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 purchasing an additional 214 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Viper Energy during the fourth quarter valued at about $55,000. Finally, Covestor Ltd increased its position in Viper Energy by 8,100.0% in the fourth quarter. Covestor Ltd now owns 1,312 shares of the oil and gas producer's stock worth $64,000 after buying an additional 1,296 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Evercore ISI boosted their price objective on Viper Energy from $45.00 to $58.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target on shares of Viper Energy from $51.00 to $49.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. StockNews.com upgraded shares of Viper Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. Barclays dropped their target price on shares of Viper Energy from $60.00 to $57.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Finally, Mizuho started coverage on Viper Energy in a report on Monday, March 31st. They set an "outperform" rating and a $56.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $57.15.

Viper Energy Price Performance

Viper Energy stock traded up $1.21 during midday trading on Thursday, reaching $41.54. 429,784 shares of the stock traded hands, compared to its average volume of 1,290,206. The stock has a market cap of $8.85 billion, a P/E ratio of 17.81 and a beta of 1.23. The stock's fifty day moving average is $42.11 and its 200-day moving average is $47.85. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a 12 month low of $34.71 and a 12 month high of $56.76.

Viper Energy Increases Dividend

The firm also recently announced 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 of this dividend was Thursday, March 6th. This is a positive change from Viper Energy's previous dividend of $0.22. Viper Energy's dividend payout ratio (DPR) is 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.