SCP Investment LP Takes Position in Viper Energy, Inc. (NASDAQ:VNOM)

SCP Investment LP bought a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,800 shares of the oil and gas producer’s stock, valued at approximately $530,000. Viper Energy makes up approximately 0.4% of SCP Investment LP’s portfolio, making the stock its 28th largest position.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Viper Energy during the fourth quarter worth approximately $95,505,000. State Street Corp increased its holdings in shares of Viper Energy by 78.2% during the 3rd quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer’s stock worth $172,918,000 after acquiring an additional 1,682,183 shares during the last quarter. Yaupon Capital Management LP bought a new stake in Viper Energy in the 3rd quarter valued at $18,044,000. Retirement Systems of Alabama acquired a new stake in Viper Energy during the 3rd quarter valued at $12,980,000. Finally, Horizon Kinetics Asset Management LLC lifted its holdings in Viper Energy by 20.4% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 1,589,404 shares of the oil and gas producer’s stock valued at $77,992,000 after purchasing an additional 268,959 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on VNOM shares. Evercore ISI upped their price target on shares of Viper Energy from $45.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Truist Financial decreased their target price on Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. KeyCorp raised Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price target for the company in a report on Friday, December 13th. Wells Fargo & Company assumed coverage on Viper Energy in a report on Friday, March 14th. They issued an “overweight” rating and a $51.00 price objective on the stock. Finally, StockNews.com raised Viper Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.00.

Viper Energy Stock Down 0.5 %

NASDAQ VNOM opened at $44.19 on Friday. The business has a fifty day moving average price of $46.53 and a two-hundred day moving average price of $49.03. The stock has a market capitalization of $9.41 billion, a PE ratio of 18.97 and a beta of 1.69. Viper Energy, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $56.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24.

Viper Energy Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were paid a $0.65 dividend. The ex-dividend date was Thursday, March 6th. This is a positive change from Viper Energy’s previous dividend of $0.22. Viper Energy’s dividend payout ratio (DPR) is 32.70%.

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.