31,594 Shares in Viper Energy, Inc. (NASDAQ:VNOM) Purchased by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. bought a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 31,594 shares of the oil and gas producer's stock, valued at approximately $1,550,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Viper Energy by 103.3% in the 3rd quarter. Barclays PLC now owns 43,962 shares of the oil and gas producer's stock valued at $1,982,000 after acquiring an additional 22,334 shares during the period. SG Americas Securities LLC lifted its stake in Viper Energy by 265.6% in the 4th quarter. SG Americas Securities LLC now owns 54,940 shares of the oil and gas producer's stock valued at $2,696,000 after purchasing an additional 39,913 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in Viper Energy in the 4th quarter valued at about $110,000. Andina Capital Management LLC grew its holdings in Viper Energy by 2.5% during the fourth quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer's stock worth $634,000 after purchasing an additional 312 shares during the period. Finally, Drive Wealth Management LLC bought a new position in Viper Energy during the fourth quarter worth about $388,000. 87.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VNOM. Truist Financial dropped their price objective on Viper Energy from $78.00 to $68.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on Viper Energy from $49.00 to $47.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Evercore ISI reaffirmed an "outperform" rating and set a $49.00 price objective on shares of Viper Energy in a research report on Wednesday, May 7th. Piper Sandler decreased their price objective on shares of Viper Energy from $62.00 to $61.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Finally, The Goldman Sachs Group set a $72.00 target price on shares of Viper Energy in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.15.

Viper Energy Stock Performance

Viper Energy stock traded down $0.66 during midday trading on Friday, hitting $39.41. The company's stock had a trading volume of 187,023 shares, compared to its average volume of 1,310,821. 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 market cap of $8.40 billion, a price-to-earnings ratio of 16.88 and a beta of 1.05. Viper Energy, Inc. has a 1-year low of $34.71 and a 1-year high of $56.76. The company has a 50-day moving average price of $40.86 and a two-hundred day moving average price of $46.19.

Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its earnings results on Monday, May 5th. The oil and gas producer reported $0.54 EPS for the quarter, topping the consensus estimate of $0.45 by $0.09. The company had revenue of $245.00 million for the quarter, compared to analysts' expectations of $233.99 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. During the same period last year, the firm earned $0.49 earnings per share. As a group, sell-side analysts predict that Viper Energy, Inc. will post 2.02 earnings per share for the current year.

Viper Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 annualized dividend and a yield of 3.04%. Viper Energy's dividend payout ratio is presently 31.58%.

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.