Miller Financial Services LLC Buys New Shares in Viper Energy, Inc. (NASDAQ:VNOM)

Miller Financial Services LLC purchased a new stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,000 shares of the oil and gas producer’s stock, valued at approximately $245,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Golden State Wealth Management LLC acquired a new stake in shares of Viper Energy in the 4th quarter valued at approximately $25,000. Farther Finance Advisors LLC raised its position in Viper Energy by 328.5% during the third quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 450 shares in the last quarter. Assetmark Inc. lifted its stake in Viper Energy by 321.7% in the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 518 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Viper Energy by 43.9% in the fourth quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock valued at $34,000 after buying an additional 214 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in Viper Energy by 524.8% during 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 purchasing an additional 1,165 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors.

Viper Energy Stock Performance

NASDAQ:VNOM opened at $40.35 on Tuesday. The company has a market cap of $8.60 billion, a price-to-earnings ratio of 17.32 and a beta of 1.69. Viper Energy, Inc. has a fifty-two week low of $34.45 and a fifty-two 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 stock has a fifty day moving average price of $48.32 and a 200-day moving average price of $49.35.

Viper Energy Increases Dividend

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on VNOM. KeyCorp raised shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price objective on the stock in a research report on Friday, December 13th. Truist Financial lowered their price target on shares of Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. StockNews.com upgraded Viper Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Evercore ISI increased 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. Finally, The Goldman Sachs Group set a $72.00 price target on Viper Energy in a research note on Monday, March 3rd. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Viper Energy presently has an average rating of “Moderate Buy” and a consensus target price of $59.73.

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.