Viper Energy, Inc. (NASDAQ:VNOM) Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. cut its position in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 50.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,417,869 shares of the oil and gas producer's stock after selling 1,456,531 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.67% of Viper Energy worth $69,575,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VNOM. Barclays PLC raised its holdings in Viper Energy by 103.3% during the third quarter. Barclays PLC now owns 43,962 shares of the oil and gas producer's stock worth $1,982,000 after purchasing an additional 22,334 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Viper Energy in the third quarter worth $233,000. Fulcrum Equity Management raised its holdings in shares of Viper Energy by 4.1% in the third 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 last quarter. Franklin Resources Inc. acquired a new position in shares of Viper Energy in the third quarter worth $3,037,000. Finally, Retirement Systems of Alabama acquired a new position in shares of Viper Energy in the third quarter worth $12,980,000. 87.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wells Fargo & Company dropped their target price on Viper Energy from $51.00 to $48.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Evercore ISI boosted their price target on Viper Energy from $45.00 to $58.00 and gave the company an "outperform" rating in a research report on Wednesday, January 8th. Raymond James set a $52.00 price target on Viper Energy in a research report on Monday, April 21st. Truist Financial lowered their price target 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. Finally, StockNews.com raised Viper Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the 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 Stock Down 0.8 %

VNOM traded down $0.32 on Tuesday, reaching $41.80. The company's stock had a trading volume of 188,473 shares, compared to its average volume of 1,287,891. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. The business's 50 day moving average is $42.44 and its 200 day moving average is $47.95. Viper Energy, Inc. has a 1 year low of $34.71 and a 1 year high of $56.76. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 17.94 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 issued a $0.65 dividend. The ex-dividend date was Thursday, March 6th. This is an increase from Viper Energy's previous dividend of $0.22. Viper Energy's payout ratio is currently 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.