Swiss National Bank Purchases 4,500 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Swiss National Bank raised its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,477 shares of the oil and gas producer’s stock after acquiring an additional 4,500 shares during the period. Swiss National Bank owned about 0.10% of Viper Energy worth $9,936,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. FMR LLC lifted its stake in Viper Energy by 4,836.9% during the 3rd quarter. FMR LLC now owns 74,596 shares of the oil and gas producer’s stock valued at $3,365,000 after acquiring an additional 73,085 shares in the last quarter. Geode Capital Management LLC lifted its stake in Viper Energy by 16.0% during 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 acquiring an additional 234,048 shares in the last quarter. Retirement Systems of Alabama bought a new position in Viper Energy during the 3rd quarter valued at $12,980,000. Principal Financial Group Inc. raised its stake in shares of Viper Energy by 3,200.2% during the 3rd quarter. Principal Financial Group Inc. now owns 235,307 shares of the oil and gas producer’s stock worth $10,615,000 after purchasing an additional 228,177 shares during the period. Finally, Barclays PLC raised its stake in shares of Viper Energy by 103.3% during the 3rd quarter. Barclays PLC now owns 43,962 shares of the oil and gas producer’s stock worth $1,982,000 after purchasing an additional 22,334 shares during the period. 87.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group set a $72.00 target price on Viper Energy in a research note on Monday, March 3rd. Evercore ISI lifted their target price on Viper Energy from $45.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. StockNews.com upgraded Viper Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Raymond James reiterated an “outperform” rating and set a $58.00 target price (down from $64.00) on shares of Viper Energy in a research note on Tuesday, February 4th. Finally, Barclays lifted their target price on Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.00.

Viper Energy Trading Down 2.5 %

Shares of VNOM opened at $44.23 on Friday. The business’s 50-day moving average price is $47.13 and its 200-day moving average price is $49.05. Viper Energy, Inc. has a twelve month low of $35.46 and a twelve month high of $56.76. The stock has a market cap of $9.42 billion, a PE ratio of 18.98 and a beta of 1.69. 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 Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 13th. Stockholders 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 currently 32.70%.

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.