Horizon Kinetics Asset Management LLC Raises Stake in Viper Energy, Inc. (NASDAQ:VNOM)

Horizon Kinetics Asset Management LLC grew its holdings in Viper Energy, Inc. (NASDAQ:VNOM) by 20.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,589,404 shares of the oil and gas producer’s stock after purchasing an additional 268,959 shares during the period. Viper Energy makes up 1.0% of Horizon Kinetics Asset Management LLC’s investment portfolio, making the stock its 12th largest position. Horizon Kinetics Asset Management LLC owned 0.75% of Viper Energy worth $77,992,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of VNOM. Principal Financial Group Inc. lifted its stake in shares of Viper Energy by 3,200.2% in the 3rd quarter. Principal Financial Group Inc. now owns 235,307 shares of the oil and gas producer’s stock valued at $10,615,000 after purchasing an additional 228,177 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in shares of Viper Energy by 72.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 14,707 shares of the oil and gas producer’s stock valued at $663,000 after purchasing an additional 6,168 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Viper Energy by 233.0% in the 3rd quarter. Victory Capital Management Inc. now owns 95,892 shares of the oil and gas producer’s stock valued at $4,326,000 after purchasing an additional 67,098 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Viper Energy by 8.3% in the 3rd quarter. Empowered Funds LLC now owns 98,372 shares of the oil and gas producer’s stock valued at $4,438,000 after purchasing an additional 7,542 shares during the last quarter. Finally, Mutual of America Capital Management LLC acquired a new position in shares of Viper Energy in the 3rd quarter valued at $2,473,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VNOM shares. Truist Financial decreased their price target on Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. KeyCorp raised Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 target price on the stock in a research note on Friday, December 13th. Piper Sandler decreased their target price on Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Raymond James reissued an “outperform” rating and set a $58.00 target price (down previously from $64.00) on shares of Viper Energy in a research note on Tuesday, February 4th. Finally, StockNews.com raised Viper Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Viper Energy currently has an average rating of “Moderate Buy” and an average price target of $59.00.

Viper Energy Price Performance

VNOM stock opened at $43.30 on Monday. Viper Energy, Inc. has a 1 year low of $35.46 and a 1 year high of $56.76. The firm has a market capitalization of $9.23 billion, a P/E ratio of 18.58 and a beta of 1.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. The business’s 50-day moving average is $47.70 and its two-hundred day moving average is $49.19.

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 issued a $0.65 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This is an increase from Viper Energy’s previous dividend of $0.22. Viper Energy’s dividend payout ratio is presently 32.70%.

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.