Boston Partners Trims Position in Viper Energy, Inc. (NASDAQ:VNOM)

Boston Partners cut its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 3.1% during the 4th quarter, HoldingsChannel reports. The firm owned 1,567,949 shares of the oil and gas producer’s stock after selling 50,752 shares during the period. Boston Partners’ holdings in Viper Energy were worth $77,095,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its position in shares of Viper Energy by 1.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 24,230 shares of the oil and gas producer’s stock valued at $1,189,000 after purchasing an additional 397 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its position in shares of Viper Energy by 20.4% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,589,404 shares of the oil and gas producer’s stock valued at $77,992,000 after purchasing an additional 268,959 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Viper Energy by 74.7% during the fourth quarter. Corient Private Wealth LLC now owns 22,761 shares of the oil and gas producer’s stock valued at $1,117,000 after purchasing an additional 9,731 shares in the last quarter. Natixis Advisors LLC bought a new stake in shares of Viper Energy during the fourth quarter valued at approximately $833,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of Viper Energy by 8.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 28,607 shares of the oil and gas producer’s stock valued at $1,404,000 after purchasing an additional 2,179 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on VNOM. Piper Sandler dropped their target price on Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Wells Fargo & Company began coverage on Viper Energy in a report on Friday, March 14th. They issued an “overweight” rating and a $51.00 target price on the stock. Evercore ISI boosted 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. StockNews.com raised Viper Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group set a $72.00 target price on Viper Energy in a report on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $59.00.

Viper Energy Trading Up 3.2 %

Shares of NASDAQ:VNOM opened at $45.20 on Thursday. The company has a market cap of $9.63 billion, a P/E ratio of 19.40 and a beta of 1.69. 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, Inc. has a 1 year low of $35.46 and a 1 year high of $56.76. The stock’s fifty day moving average price is $47.34 and its 200-day moving average price is $49.10.

Viper Energy Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, March 6th. This is a boost from Viper Energy’s previous dividend of $0.22. Viper Energy’s dividend payout ratio is 32.70%.

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.