Quantbot Technologies LP Has $4.58 Million Stake in Viper Energy, Inc. (NASDAQ:VNOM)

Quantbot Technologies LP grew its holdings in Viper Energy, Inc. (NASDAQ:VNOM) by 83.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,267 shares of the oil and gas producer’s stock after buying an additional 42,403 shares during the period. Quantbot Technologies LP’s holdings in Viper Energy were worth $4,577,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. State Street Corp increased its stake in shares of Viper Energy by 78.2% during the third quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer’s stock worth $172,918,000 after purchasing an additional 1,682,183 shares during the period. Raymond James Financial Inc. bought a new position in shares of Viper Energy during the fourth quarter worth approximately $95,505,000. Geode Capital Management LLC increased its stake in shares of Viper Energy by 16.0% during the third quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer’s stock worth $76,647,000 after purchasing an additional 234,048 shares during the period. Horizon Kinetics Asset Management LLC increased its stake 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 worth $77,992,000 after purchasing an additional 268,959 shares during the period. Finally, Merewether Investment Management LP increased its stake in shares of Viper Energy by 22.9% during the third quarter. Merewether Investment Management LP now owns 860,600 shares of the oil and gas producer’s stock worth $38,822,000 after purchasing an additional 160,600 shares during the period. Institutional investors own 87.72% of the company’s stock.

Viper Energy Trading Down 2.5 %

NASDAQ VNOM opened at $44.23 on Friday. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a twelve month low of $35.46 and a twelve month high of $56.76. The company has a market cap of $9.42 billion, a price-to-earnings ratio of 18.98 and a beta of 1.69. The business’s fifty day moving average is $47.13 and its 200 day moving average is $49.05.

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 issued 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 32.70%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on Viper Energy from $56.00 to $51.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Barclays raised 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. The Goldman Sachs Group set a $72.00 price objective on Viper Energy in a research note on Monday, March 3rd. Piper Sandler lowered their price objective on 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, Raymond James reaffirmed an “outperform” rating and issued a $58.00 target price (down previously from $64.00) on shares of Viper Energy in a report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.