Horizon Kinetics Asset Management LLC Grows Position in Viper Energy, Inc. (NASDAQ:VNOM)

Horizon Kinetics Asset Management LLC increased its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 20.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,589,404 shares of the oil and gas producer’s stock after buying an additional 268,959 shares during the quarter. Viper Energy comprises 1.0% of Horizon Kinetics Asset Management LLC’s investment portfolio, making the stock its 12th biggest holding. Horizon Kinetics Asset Management LLC’s holdings in Viper Energy were worth $77,992,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. 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 valued at $172,918,000 after purchasing an additional 1,682,183 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Viper Energy in the 4th quarter valued at approximately $95,505,000. Geode Capital Management LLC grew its stake in shares of Viper Energy by 16.0% in the 3rd 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 purchasing an additional 234,048 shares during the last quarter. Merewether Investment Management LP grew its stake in shares of Viper Energy by 22.9% in the 3rd quarter. Merewether Investment Management LP now owns 860,600 shares of the oil and gas producer’s stock valued at $38,822,000 after purchasing an additional 160,600 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Viper Energy by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 632,568 shares of the oil and gas producer’s stock valued at $31,040,000 after purchasing an additional 7,307 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on VNOM shares. Bank of America began coverage on Viper Energy in a research note on Tuesday, November 26th. They issued a “buy” rating and a $64.00 target price on the stock. Raymond James reissued an “outperform” rating and issued a $58.00 price target (down from $64.00) on shares of Viper Energy in a report on Tuesday, February 4th. Truist Financial reduced their price objective on Viper Energy from $78.00 to $68.00 and set a “buy” rating for the company in a report on Monday, February 3rd. StockNews.com raised Viper Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Piper Sandler reduced their price objective on Viper Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Viper Energy currently has a consensus rating of “Moderate Buy” and an average price target of $59.00.

Viper Energy Stock Performance

Viper Energy stock opened at $43.30 on Monday. 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 has a fifty day moving average of $47.70 and a two-hundred day moving average of $49.19. The company has a market capitalization of $9.23 billion, a price-to-earnings ratio of 18.58 and a beta of 1.69. Viper Energy, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $56.76.

Viper Energy Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were 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 was Thursday, March 6th. Viper Energy’s dividend payout ratio (DPR) is presently 32.70%.

Viper Energy Company 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.