Evergreen Capital Management LLC Trims Stock Position in Viper Energy, Inc. (NASDAQ:VNOM)

Evergreen Capital Management LLC decreased its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 11.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,100 shares of the oil and gas producer's stock after selling 10,015 shares during the quarter. Evergreen Capital Management LLC's holdings in Viper Energy were worth $3,685,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. National Bank of Canada FI increased its holdings in shares of Viper Energy by 524.8% in the third quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer's stock valued at $63,000 after purchasing an additional 1,165 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Viper Energy by 5.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 37,125 shares of the oil and gas producer's stock valued at $1,675,000 after acquiring an additional 2,073 shares during the last quarter. Barclays PLC grew its holdings in shares of Viper Energy by 103.3% in the third quarter. Barclays PLC now owns 43,962 shares of the oil and gas producer's stock valued at $1,982,000 after purchasing an additional 22,334 shares during the period. Geode Capital Management LLC boosted its holdings in Viper Energy by 16.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer's stock valued at $76,647,000 after purchasing an additional 234,048 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Viper Energy during the 3rd quarter valued at approximately $1,018,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on VNOM shares. Truist Financial reduced their target price on Viper Energy from $78.00 to $68.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. KeyCorp dropped their price objective on Viper Energy from $62.00 to $56.00 and set an "overweight" rating for the company in a research note on Monday. StockNews.com upgraded Viper Energy from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. Raymond James reiterated an "outperform" rating and set a $58.00 price target (down from $64.00) on shares of Viper Energy in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group set a $72.00 price objective on shares of Viper Energy in a research note on Monday, March 3rd. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $57.92.

Viper Energy Stock Up 2.9 %

Shares of VNOM stock traded up $1.16 on Tuesday, reaching $40.72. 115,492 shares of the stock were exchanged, compared to its average volume of 1,287,012. The company has a market capitalization of $8.68 billion, a price-to-earnings ratio of 17.48 and a beta of 1.23. The business's 50 day moving average price is $43.31 and its 200 day moving average price is $48.29. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a twelve month low of $34.71 and a twelve month high of $56.76.

Viper Energy Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 13th. Stockholders 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 dividend payout ratio (DPR) is 32.70%.

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.