Viper Energy, Inc. (NASDAQ:VNOM) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its position in Viper Energy, Inc. (NASDAQ:VNOM) by 20.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,462 shares of the oil and gas producer’s stock after acquiring an additional 3,474 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Viper Energy were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VNOM. Raymond James & Associates boosted its holdings in Viper Energy by 41.9% in the third quarter. Raymond James & Associates now owns 145,693 shares of the oil and gas producer’s stock valued at $6,572,000 after acquiring an additional 42,999 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Viper Energy in the third quarter valued at $144,000. International Assets Investment Management LLC boosted its holdings in Viper Energy by 7,251.2% in the third quarter. International Assets Investment Management LLC now owns 71,454 shares of the oil and gas producer’s stock valued at $3,223,000 after acquiring an additional 70,482 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in Viper Energy in the third quarter valued at $1,268,000. Finally, State of Alaska Department of Revenue acquired a new position in Viper Energy in the third quarter valued at $528,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Stock Down 3.7 %

Shares of NASDAQ VNOM opened at $48.33 on Friday. Viper Energy, Inc. has a 1 year low of $34.45 and a 1 year high of $56.76. The firm has a market cap of $10.30 billion, a price-to-earnings ratio of 20.74 and a beta of 1.71. 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’s 50-day simple moving average is $49.30 and its 200-day simple moving average is $49.46.

Viper Energy Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th will be given 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 is Thursday, March 6th. Viper Energy’s payout ratio is presently 51.50%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on VNOM shares. Truist Financial reduced their price objective on Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Barclays boosted their price objective on Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Bank of America started coverage on Viper Energy in a research note on Tuesday, November 26th. They set a “buy” rating and a $64.00 price objective on the stock. The Goldman Sachs Group started coverage on Viper Energy in a research note on Monday, December 2nd. They set a “buy” rating and a $70.00 price objective on the stock. Finally, KeyCorp upgraded Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price objective on the stock in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Viper Energy presently has a consensus rating of “Moderate Buy” and an average price target of $59.55.

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.