BI Asset Management Fondsmaeglerselskab A S Acquires Shares of 42,127 Viper Energy, Inc. (NASDAQ:VNOM)

BI Asset Management Fondsmaeglerselskab A S purchased a new position in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 42,127 shares of the oil and gas producer's stock, valued at approximately $2,067,000.

Several other hedge funds have also recently modified their holdings of VNOM. Golden State Wealth Management LLC purchased a new position in shares of Viper Energy in the fourth quarter worth $25,000. Assetmark Inc. raised 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 worth $33,000 after purchasing an additional 518 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Viper Energy by 43.9% in the fourth quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock worth $34,000 after purchasing an additional 214 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Viper Energy in the fourth quarter worth $55,000. Finally, Covestor Ltd raised its stake in shares of 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 purchasing an additional 1,296 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company's stock.

Viper Energy Stock Performance

NASDAQ:VNOM traded up $0.58 during mid-day trading on Friday, hitting $41.58. 495,924 shares of the company traded hands, compared to its average volume of 1,294,901. The firm has a market cap of $8.86 billion, a price-to-earnings ratio of 17.85 and a beta of 1.23. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. The stock's fifty day moving average price is $42.60 and its 200-day moving average price is $48.01. Viper Energy, Inc. has a one year low of $34.71 and a one year high of $56.76.

Viper Energy Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were paid 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%.

Analysts Set New Price Targets

VNOM has been the subject of several recent analyst reports. Barclays decreased their price target on Viper Energy from $60.00 to $57.00 and set an "overweight" rating for the company in a research note on Wednesday. Mizuho started coverage on Viper Energy in a report on Monday, March 31st. They issued an "outperform" rating and a $56.00 price objective for the company. Truist Financial cut their price objective on Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Evercore ISI lifted their price objective on Viper Energy from $45.00 to $58.00 and gave the stock an "outperform" rating in a report on Wednesday, January 8th. Finally, StockNews.com raised Viper Energy from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $57.15.

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.