Epoch Investment Partners Inc. Reduces Position in Viper Energy, Inc. (NASDAQ:VNOM)

Epoch Investment Partners Inc. cut its position in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 6.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,543,209 shares of the oil and gas producer's stock after selling 189,672 shares during the quarter. Epoch Investment Partners Inc. owned about 1.19% of Viper Energy worth $124,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in VNOM. First Horizon Advisors Inc. lifted its position in Viper Energy by 43.9% during the fourth quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock valued at $34,000 after buying an additional 214 shares during the period. American Century Companies Inc. raised its position in Viper Energy by 1.1% in the 4th quarter. American Century Companies Inc. now owns 25,323 shares of the oil and gas producer's stock worth $1,243,000 after buying an additional 268 shares during the last quarter. Savant Capital LLC boosted its holdings in Viper Energy by 2.1% in the fourth quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer's stock worth $706,000 after purchasing an additional 293 shares during the last quarter. Andina Capital Management LLC lifted its position in shares of Viper Energy by 2.5% during the 4th quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer's stock valued at $634,000 after buying an additional 312 shares in the last quarter. Finally, Fulcrum Equity Management raised its stake in Viper Energy by 4.1% during the 3rd quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer's stock worth $430,000 after acquiring an additional 375 shares during the period. Institutional investors own 87.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on VNOM shares. StockNews.com raised Viper Energy from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. Raymond James set a $52.00 price objective on shares of Viper Energy in a research note on Monday. Truist Financial lowered their target price on shares of Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a report on Monday, February 3rd. KeyCorp dropped their target price on Viper Energy from $62.00 to $56.00 and set an "overweight" rating for the company in a research report on Monday. Finally, Barclays reduced their target price on Viper Energy from $60.00 to $57.00 and set an "overweight" rating on the stock in a research note on Wednesday. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Viper Energy has an average rating of "Moderate Buy" and a consensus price target of $57.15.

Viper Energy Price Performance

Shares of NASDAQ VNOM traded up $0.66 during mid-day trading on Thursday, reaching $41.08. The company's stock had a trading volume of 163,975 shares, compared to its average volume of 1,289,298. 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 50-day moving average of $42.95 and a two-hundred day moving average of $48.18. The stock has a market capitalization of $8.75 billion, a P/E ratio of 17.64 and a beta of 1.23. Viper Energy, Inc. has a 1-year low of $34.71 and a 1-year high of $56.76.

Viper Energy Increases Dividend

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

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.