Runnymede Capital Advisors Inc. Purchases New Position in Viper Energy, Inc. (NASDAQ:VNOM)

Runnymede Capital Advisors Inc. purchased a new stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,435 shares of the oil and gas producer’s stock, valued at approximately $169,000.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in shares of Viper Energy during the 4th quarter valued at approximately $25,000. Assetmark Inc. lifted its stake in shares of Viper Energy by 321.7% during the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 518 shares in the last quarter. 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 valued at $34,000 after buying an additional 214 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Viper Energy in the 4th quarter worth approximately $55,000. Finally, National Bank of Canada FI lifted its stake 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 worth $63,000 after purchasing an additional 1,165 shares in the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Price Performance

Shares of NASDAQ:VNOM opened at $44.23 on Friday. The company’s fifty day moving average price is $47.13 and its 200-day moving average price is $49.05. The firm has a market capitalization of $9.42 billion, a price-to-earnings ratio of 18.98 and a beta of 1.69. Viper Energy, Inc. has a one year low of $35.46 and a one year 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 announced a dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, March 6th. This is a positive change from Viper Energy’s previous dividend of $0.22. Viper Energy’s dividend payout ratio (DPR) is currently 32.70%.

Analysts Set New Price Targets

Several analysts have issued reports on VNOM shares. KeyCorp upgraded shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 target price on the stock in a research note on Friday, December 13th. The Goldman Sachs Group set a $72.00 target price on shares of Viper Energy in a research note on Monday, March 3rd. Wells Fargo & Company started coverage on shares of Viper Energy in a research note on Friday, March 14th. They issued an “overweight” rating and a $51.00 target price on the stock. Piper Sandler lowered their target price on shares of Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Finally, Truist Financial lowered their target price on shares of Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.