Viper Energy, Inc. (NASDAQ:VNOM) Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC decreased its position in Viper Energy, Inc. (NASDAQ:VNOM) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 27,881 shares of the oil and gas producer’s stock after selling 765 shares during the period. Cullen Capital Management LLC’s holdings in Viper Energy were worth $1,368,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in VNOM. Resona Asset Management Co. Ltd. purchased a new position in shares of Viper Energy during the 4th quarter worth approximately $925,000. Wells Fargo & Company MN grew its holdings in Viper Energy by 11.1% during the 4th quarter. Wells Fargo & Company MN now owns 115,370 shares of the oil and gas producer’s stock valued at $5,661,000 after buying an additional 11,493 shares during the last quarter. Geode Capital Management LLC increased its position in Viper Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 1,733,745 shares of the oil and gas producer’s stock worth $85,102,000 after buying an additional 35,084 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Viper Energy by 6.9% in the fourth quarter. Franklin Resources Inc. now owns 71,945 shares of the oil and gas producer’s stock worth $3,530,000 after acquiring an additional 4,620 shares during the last quarter. Finally, SCP Investment LP purchased a new stake in shares of Viper Energy in the fourth quarter valued at $530,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Viper Energy Stock Down 9.4 %

VNOM opened at $37.64 on Friday. The company has a market cap of $8.02 billion, a PE ratio of 16.15 and a beta of 1.69. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. Viper Energy, Inc. has a 1 year low of $35.46 and a 1 year high of $56.76. The firm has a 50 day moving average price of $45.90 and a 200 day moving average price of $49.01.

Viper Energy Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were given 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 is presently 32.70%.

Analyst Ratings Changes

Several brokerages recently weighed in on VNOM. Barclays boosted their target price on shares of Viper Energy from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. KeyCorp raised shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price objective for the company in a research report on Friday, December 13th. StockNews.com upgraded shares of Viper Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. Raymond James reiterated an “outperform” rating and issued a $58.00 price target (down from $64.00) on shares of Viper Energy in a report on Tuesday, February 4th. Finally, Evercore ISI raised their price objective on Viper Energy from $45.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $58.77.

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.