Kestra Private Wealth Services LLC Has $644,000 Stock Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Kestra Private Wealth Services LLC lifted its position in Viper Energy, Inc. (NASDAQ:VNOM) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,128 shares of the oil and gas producer’s stock after buying an additional 662 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Viper Energy were worth $644,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in Viper Energy during the 4th quarter worth $25,000. Farther Finance Advisors LLC lifted its position in shares of Viper Energy by 328.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 450 shares during the last quarter. GAMMA Investing LLC boosted its stake in Viper Energy by 208.1% during the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 460 shares during the period. National Bank of Canada FI grew its holdings in Viper Energy by 524.8% in the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock valued at $63,000 after buying an additional 1,165 shares during the last quarter. Finally, Versant Capital Management Inc bought a new position in Viper Energy in the 4th quarter worth approximately $94,000. 87.72% of the stock is owned by institutional investors.

Viper Energy Stock Down 1.2 %

Shares of NASDAQ VNOM opened at $49.41 on Friday. Viper Energy, Inc. has a 52-week low of $33.03 and a 52-week high of $56.76. 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 business has a fifty day moving average of $49.45 and a two-hundred day moving average of $49.11. The stock has a market cap of $10.53 billion, a PE ratio of 21.21 and a beta of 1.71.

Viper Energy Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th will be given a $0.65 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from Viper Energy’s previous dividend of $0.22. Viper Energy’s payout ratio is 51.50%.

Analysts Set New Price Targets

VNOM has been the topic of several research analyst reports. StockNews.com downgraded shares of Viper Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Piper Sandler dropped their price objective on shares of Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Bank of America initiated coverage on shares of Viper Energy in a research note on Tuesday, November 26th. They issued a “buy” rating and a $64.00 target price for the company. Barclays boosted their price target on Viper Energy from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. One research 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.55.

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.