Xponance Inc. Boosts Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Xponance Inc. grew its position in Viper Energy, Inc. (NASDAQ:VNOM) by 11.9% during the 4th quarter, HoldingsChannel reports. The fund owned 22,207 shares of the oil and gas producer’s stock after purchasing an additional 2,358 shares during the period. Xponance Inc.’s holdings in Viper Energy were worth $1,090,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in Viper Energy in the 4th quarter worth about $25,000. Assetmark Inc. raised its holdings in shares of Viper Energy by 321.7% in the fourth quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 518 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of Viper Energy by 43.9% during the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock worth $34,000 after acquiring an additional 214 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Viper Energy by 99.9% during the 4th quarter. GAMMA Investing LLC now owns 1,361 shares of the oil and gas producer’s stock valued at $67,000 after acquiring an additional 680 shares during the period. Finally, National Bank of Canada FI grew its position in Viper Energy by 524.8% in the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock valued at $63,000 after acquiring an additional 1,165 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.

Viper Energy Trading Down 2.5 %

VNOM opened at $44.23 on Monday. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of 18.98 and a beta of 1.69. Viper Energy, Inc. has a 12 month low of $35.46 and a 12 month high of $56.76. The stock has a fifty day moving average price of $47.13 and a 200-day moving average price of $49.09.

Viper Energy Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were issued a $0.65 dividend. This is a boost 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 (DPR) is currently 32.70%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Viper Energy from $56.00 to $51.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Raymond James reissued an “outperform” rating and issued a $58.00 price objective (down from $64.00) on shares of Viper Energy in a research report on Tuesday, February 4th. Bank of America assumed coverage on shares of Viper Energy in a research note on Tuesday, November 26th. They issued a “buy” rating and a $64.00 target price on the stock. Piper Sandler decreased their price target on shares of Viper Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Finally, Evercore ISI increased their price objective on Viper Energy from $45.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Viper Energy has an average rating of “Moderate Buy” and an average price target of $59.00.

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.