Price T Rowe Associates Inc. MD Has $403.27 Million Position in Viper Energy, Inc. (NASDAQ:VNOM)

Price T Rowe Associates Inc. MD lowered its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 17.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,218,258 shares of the oil and gas producer's stock after selling 1,720,720 shares during the quarter. Price T Rowe Associates Inc. MD owned about 3.86% of Viper Energy worth $403,271,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in Viper Energy in the 4th quarter valued at $25,000. Assetmark Inc. grew its holdings in Viper Energy by 321.7% in the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock valued at $33,000 after buying an additional 518 shares during the last quarter. First Horizon Advisors Inc. boosted its position 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 valued at $34,000 after acquiring an additional 214 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Viper Energy during the 4th quarter valued at $55,000. Finally, Covestor Ltd increased its holdings in shares of Viper Energy by 8,100.0% during the 4th 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 period. Institutional investors and hedge funds own 87.72% of the company's stock.

Viper Energy Price Performance

Viper Energy stock traded down $1.43 during trading hours on Wednesday, hitting $40.27. 203,281 shares of the stock were exchanged, compared to its average volume of 1,288,316. Viper Energy, Inc. has a 12 month low of $34.71 and a 12 month high of $56.76. The business's 50-day moving average is $42.27 and its two-hundred day moving average is $47.90. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The stock has a market capitalization of $8.58 billion, a P/E ratio of 17.34 and a beta of 1.23.

Viper Energy Increases Dividend

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

Analyst Upgrades and Downgrades

VNOM has been the subject of several research reports. Evercore ISI increased 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. Mizuho assumed coverage on Viper Energy in a research report on Monday, March 31st. They set an "outperform" rating and a $56.00 price objective on the stock. StockNews.com raised Viper Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. Piper Sandler lowered their price target on shares of Viper Energy from $63.00 to $62.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company reduced their price objective on shares of Viper Energy from $51.00 to $48.00 and set an "overweight" rating for the company in a report on Monday, April 21st. 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 currently has a consensus rating of "Moderate Buy" and an average 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.