HighTower Advisors LLC reduced its position in shares of Viper Energy Inc. (NASDAQ:VNOM – Free Report) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 199,995 shares of the oil and gas producer’s stock after selling 12,334 shares during the period. HighTower Advisors LLC’s holdings in Viper Energy were worth $7,726,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of VNOM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Viper Energy by 38.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,881 shares of the oil and gas producer’s stock worth $2,162,000 after purchasing an additional 13,218 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Viper Energy by 264.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 240,799 shares of the oil and gas producer’s stock worth $10,872,000 after purchasing an additional 174,684 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Viper Energy by 22.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,499 shares of the oil and gas producer’s stock worth $9,233,000 after purchasing an additional 37,847 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Viper Energy by 30.7% during the 2nd quarter. Prudential Financial Inc. now owns 12,785 shares of the oil and gas producer’s stock worth $487,000 after purchasing an additional 3,005 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its position in shares of Viper Energy by 6.5% during the 2nd quarter. Guggenheim Capital LLC now owns 23,028 shares of the oil and gas producer’s stock worth $878,000 after purchasing an additional 1,405 shares during the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.
Viper Energy Price Performance
Shares of NASDAQ:VNOM opened at $45.59 on Wednesday. The company’s fifty day moving average price is $47.14 and its 200 day moving average price is $42.63. Viper Energy Inc. has a 12 month low of $35.10 and a 12 month high of $51.13. The company has a debt-to-equity ratio of 0.15, a current ratio of 6.17 and a quick ratio of 6.17. The firm has a market capitalization of $16.37 billion, a P/E ratio of -142.46 and a beta of 0.42.
Viper Energy Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.3%. The ex-dividend date was Thursday, May 14th. Viper Energy’s dividend payout ratio (DPR) is currently -475.00%.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on VNOM shares. Raymond James Financial lifted their price objective on shares of Viper Energy from $60.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday. Morgan Stanley lifted their price objective on shares of Viper Energy from $44.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, March 27th. Barclays lifted their price objective on shares of Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday. KeyCorp lifted their price objective on shares of Viper Energy from $56.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Finally, Zacks Research upgraded shares of Viper Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $57.46.
View Our Latest Research Report on Viper Energy
Viper Energy Profile
Viper Energy Partners LP is a publicly traded master limited partnership that owns and intends to acquire mineral and royalty interests in oil and natural gas properties. As a pass-through entity, Viper Energy Partners does not engage in drilling or production operations directly; instead, it generates revenues by holding overriding royalty interests, mineral fee interests and royalty fee interests. These interests entitle the partnership to receive a percentage of the proceeds from hydrocarbons produced and sold by third-party operators.
The partnership’s assets are concentrated in the Permian Basin, with a primary focus on the Delaware Basin region of West Texas and southeastern New Mexico.
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