Viper Energy, Inc. (NASDAQ:VNOM) Shares Bought by Invesco Ltd.

Invesco Ltd. raised its position in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 164.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 576,637 shares of the oil and gas producer's stock after purchasing an additional 358,487 shares during the quarter. Invesco Ltd. owned 0.27% of Viper Energy worth $28,296,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in Viper Energy in the fourth quarter valued at approximately $25,000. Assetmark Inc. lifted its holdings in shares of Viper Energy by 321.7% during the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock valued at $33,000 after acquiring an additional 518 shares in the last quarter. First Horizon Advisors Inc. boosted its position in Viper Energy by 43.9% during the 4th 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 period. Harvest Fund Management Co. Ltd acquired a new stake in Viper Energy in the 4th quarter valued at $55,000. Finally, GAMMA Investing LLC raised its position in Viper Energy by 99.9% in the fourth quarter. GAMMA Investing LLC now owns 1,361 shares of the oil and gas producer's stock valued at $67,000 after purchasing an additional 680 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Stock Up 1.7 %

Shares of VNOM traded up $0.69 during midday trading on Wednesday, hitting $41.36. The company had a trading volume of 176,625 shares, compared to its average volume of 1,287,740. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 17.75 and a beta of 1.23. The company's 50 day moving average price is $43.13 and its 200 day moving average price is $48.24. 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 52 week low of $34.71 and a 52 week high of $56.76.

Viper Energy Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.65 per share. The ex-dividend date was Thursday, March 6th. This is a boost from Viper Energy's previous dividend of $0.22. Viper Energy's dividend payout ratio is presently 32.70%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VNOM shares. Truist Financial decreased their target price on Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective 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. Mizuho initiated coverage on shares of Viper Energy in a research report on Monday, March 31st. They set an "outperform" rating and a $56.00 target price on the stock. Evercore ISI upped their target price on shares of Viper Energy from $45.00 to $58.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th. Finally, KeyCorp dropped their price target on shares of Viper Energy from $62.00 to $56.00 and set an "overweight" rating on the stock in a research note on Monday. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Viper Energy currently has an average rating of "Moderate Buy" and a consensus price target of $57.38.

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.