Bradley Foster & Sargent Inc. CT Has $747,000 Stock Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Bradley Foster & Sargent Inc. CT reduced its stake in Viper Energy, Inc. (NASDAQ:VNOM) by 34.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 15,229 shares of the oil and gas producer’s stock after selling 8,140 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Viper Energy were worth $747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Savant Capital LLC raised its holdings in Viper Energy by 2.1% in the 4th quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer’s stock valued at $706,000 after acquiring an additional 293 shares during the period. Andina Capital Management LLC lifted its holdings in Viper Energy by 2.5% during the 4th quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer’s stock worth $634,000 after purchasing an additional 312 shares during the last quarter. Fulcrum Equity Management boosted its stake in Viper Energy by 4.1% in the 3rd quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer’s stock valued at $430,000 after purchasing an additional 375 shares during the period. Farther Finance Advisors LLC grew its holdings in Viper Energy by 328.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 450 shares in the last quarter. Finally, Americana Partners LLC increased its position in Viper Energy by 0.6% during the 4th quarter. Americana Partners LLC now owns 78,836 shares of the oil and gas producer’s stock worth $3,869,000 after buying an additional 451 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Stock Down 3.7 %

NASDAQ VNOM opened at $48.33 on Friday. The business has a fifty day moving average price of $49.30 and a two-hundred day moving average price of $49.46. The stock has a market capitalization of $10.30 billion, a PE ratio of 20.74 and a beta of 1.71. Viper Energy, Inc. has a fifty-two week low of $34.45 and a fifty-two week high of $56.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24.

Viper Energy Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, March 6th will be given a dividend of $0.65 per share. This is an increase from Viper Energy’s previous dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 6th. Viper Energy’s dividend payout ratio is currently 51.50%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Evercore ISI boosted their target price on shares of Viper Energy from $45.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Barclays boosted their price objective 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. The Goldman Sachs Group initiated coverage on shares of Viper Energy in a report on Monday, December 2nd. They set a “buy” rating and a $70.00 target price on the stock. 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 for the company. Finally, JPMorgan Chase & Co. raised their price objective on Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Viper Energy has an average 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.