Susquehanna Fundamental Investments LLC Makes New $2.29 Million Investment in Viper Energy, Inc. (NASDAQ:VNOM)

Susquehanna Fundamental Investments LLC purchased a new stake in 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 purchased 46,657 shares of the oil and gas producer's stock, valued at approximately $2,289,000.

A number of other large investors have also bought and sold shares of the business. Golden State Wealth Management LLC bought a new position in shares of Viper Energy in the 4th quarter valued at about $25,000. Assetmark Inc. boosted its position in shares of Viper Energy by 321.7% in the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock worth $33,000 after purchasing an additional 518 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in 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 purchasing an additional 214 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Viper Energy in the fourth quarter valued at about $55,000. Finally, Covestor Ltd boosted its holdings in Viper Energy by 8,100.0% during the fourth quarter. Covestor Ltd now owns 1,312 shares of the oil and gas producer's stock worth $64,000 after buying an additional 1,296 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on VNOM shares. KeyCorp lowered their price target on Viper Energy from $62.00 to $56.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Mizuho started coverage on shares of Viper Energy in a research note on Monday, March 31st. They issued an "outperform" rating and a $56.00 target price for the company. 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. Raymond James set a $52.00 price objective on shares of Viper Energy in a research report on Monday, April 21st. Finally, Piper Sandler dropped their price objective on Viper Energy from $63.00 to $62.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Viper Energy presently has an average rating of "Moderate Buy" and a consensus target price of $57.15.

Viper Energy Stock Down 1.1 %

Shares of NASDAQ:VNOM traded down $0.46 during mid-day trading on Monday, reaching $41.63. 134,096 shares of the stock were exchanged, compared to its average volume of 1,286,854. The stock's 50 day simple moving average is $41.93 and its 200-day simple moving average is $47.67. Viper Energy, Inc. has a one year low of $34.71 and a one year high of $56.76. The company has a market cap of $8.87 billion, a P/E ratio of 17.86 and a beta of 1.23. 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 Increases Dividend

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

Viper Energy 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.