32,905 Shares in Viper Energy, Inc. (NASDAQ:VNOM) Bought by Advisors Preferred LLC

Advisors Preferred LLC bought a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 32,905 shares of the oil and gas producer’s stock, valued at approximately $1,641,000.

Several other large investors also recently bought and sold shares of VNOM. The Manufacturers Life Insurance Company grew its holdings in shares of Viper Energy by 8.1% during the second quarter. The Manufacturers Life Insurance Company now owns 13,497 shares of the oil and gas producer’s stock worth $507,000 after buying an additional 1,006 shares in the last quarter. Truist Financial Corp grew its stake in Viper Energy by 4.5% in the 2nd quarter. Truist Financial Corp now owns 11,230 shares of the oil and gas producer’s stock worth $421,000 after acquiring an additional 488 shares during the period. GAMMA Investing LLC lifted its stake in shares of Viper Energy by 208.1% during the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 460 shares during the period. Cypress Wealth Services LLC acquired a new stake in shares of Viper Energy during the third quarter worth $392,000. Finally, ORG Partners LLC grew its position in shares of Viper Energy by 17.9% in the third quarter. ORG Partners LLC now owns 3,320 shares of the oil and gas producer’s stock valued at $150,000 after purchasing an additional 505 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Roth Mkm raised their target price on shares of Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Bank of America started coverage on shares of Viper Energy in a research report on Tuesday, November 26th. They set a “buy” rating and a $64.00 price target for the company. StockNews.com lowered Viper Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Finally, KeyCorp upgraded Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 target price for the company in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.55.

Viper Energy Trading Down 0.7 %

Shares of NASDAQ VNOM opened at $49.38 on Friday. The stock has a market capitalization of $10.52 billion, a P/E ratio of 21.19 and a beta of 1.71. The stock’s 50 day moving average price is $49.77 and its two-hundred day moving average price is $48.83. 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 52-week low of $31.51 and a 52-week high of $56.76.

Viper Energy Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th will be given a $0.65 dividend. This is an increase from Viper Energy’s previous dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 6th. Viper Energy’s dividend payout ratio (DPR) is presently 51.50%.

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.