Viper Energy, Inc. (NASDAQ:VNOM) Shares Bought by Guggenheim Capital LLC

Guggenheim Capital LLC grew its position in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 148.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,266 shares of the oil and gas producer's stock after purchasing an additional 9,726 shares during the quarter. Guggenheim Capital LLC's holdings in Viper Energy were worth $798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Viper Energy by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 10,094,960 shares of the oil and gas producer's stock worth $495,360,000 after acquiring an additional 239,404 shares during the last quarter. FIL Ltd lifted its holdings in Viper Energy by 8.5% during the 4th quarter. FIL Ltd now owns 3,964,130 shares of the oil and gas producer's stock valued at $194,520,000 after buying an additional 310,890 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Viper Energy during the 4th quarter worth $95,505,000. Geode Capital Management LLC raised its holdings in shares of Viper Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 1,733,745 shares of the oil and gas producer's stock valued at $85,102,000 after purchasing an additional 35,084 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its position in shares of Viper Energy by 20.4% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 1,589,404 shares of the oil and gas producer's stock worth $77,992,000 after acquiring an additional 268,959 shares in the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VNOM has been the subject of several analyst reports. 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. StockNews.com upgraded Viper Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. Wells Fargo & Company decreased their price objective on Viper Energy from $51.00 to $48.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. The Goldman Sachs Group set a $72.00 price objective on Viper Energy in a research report on Monday, March 3rd. Finally, Truist Financial reduced their price target on shares of Viper Energy from $78.00 to $68.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $57.15.

Viper Energy Stock Down 0.8 %

NASDAQ:VNOM traded down $0.33 during trading hours on Tuesday, hitting $41.80. The company's stock had a trading volume of 66,847 shares, compared to its average volume of 1,287,374. Viper Energy, Inc. has a 52-week low of $34.71 and a 52-week high of $56.76. The stock has a market capitalization of $8.90 billion, a P/E ratio of 17.86 and a beta of 1.23. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average of $42.44 and a 200-day moving average of $47.95.

Viper Energy Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were given a $0.65 dividend. The ex-dividend date was Thursday, March 6th. This is a boost from Viper Energy's previous dividend of $0.22. Viper Energy's payout ratio is 32.70%.

About Viper Energy

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.