Viper Energy, Inc. (NASDAQ:VNOM) Stock Position Lowered by Atria Investments Inc

Atria Investments Inc decreased its position in Viper Energy, Inc. (NASDAQ:VNOM) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,815 shares of the oil and gas producer’s stock after selling 2,297 shares during the quarter. Atria Investments Inc’s holdings in Viper Energy were worth $1,807,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of VNOM. State Street Corp grew its stake in shares of Viper Energy by 78.2% in the 3rd quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer’s stock worth $172,918,000 after purchasing an additional 1,682,183 shares during the last quarter. Yaupon Capital Management LP bought a new stake in Viper Energy during the third quarter worth approximately $18,044,000. Retirement Systems of Alabama bought a new stake in Viper Energy during the third quarter worth approximately $12,980,000. Zimmer Partners LP grew its position in Viper Energy by 344.0% in the third quarter. Zimmer Partners LP now owns 325,000 shares of the oil and gas producer’s stock worth $14,661,000 after buying an additional 251,800 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Viper Energy by 16.0% in the third quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer’s stock valued at $76,647,000 after buying an additional 234,048 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Viper Energy Stock Down 2.4 %

Viper Energy stock opened at $40.35 on Tuesday. Viper Energy, Inc. has a twelve month low of $34.45 and a twelve month high of $56.76. 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 firm has a market cap of $8.60 billion, a PE ratio of 17.32 and a beta of 1.69. The firm’s 50 day moving average price is $48.32 and its two-hundred day moving average price is $49.35.

Viper Energy Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, March 6th will be issued 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 is Thursday, March 6th. Viper Energy’s dividend payout ratio (DPR) is currently 32.70%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VNOM. Evercore ISI lifted their target price on Viper Energy from $45.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Bank of America initiated coverage on Viper Energy in a research note on Tuesday, November 26th. They issued a “buy” rating and a $64.00 price target on the stock. StockNews.com upgraded Viper Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. raised their target price on shares of Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, Barclays boosted their price target on shares of Viper Energy from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.73.

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.