Runnymede Capital Advisors Inc. Buys New Shares in Viper Energy, Inc. (NASDAQ:VNOM)

Runnymede Capital Advisors Inc. bought a new stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) during the 4th quarter, HoldingsChannel.com reports. The fund bought 3,435 shares of the oil and gas producer’s stock, valued at approximately $169,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new stake in Viper Energy in the 4th quarter worth $25,000. Assetmark Inc. grew its holdings in Viper Energy by 321.7% in the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 518 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Viper Energy by 43.9% in the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock worth $34,000 after acquiring an additional 214 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Viper Energy in the 4th quarter worth $55,000. Finally, GAMMA Investing LLC grew its holdings in Viper Energy by 99.9% in the 4th quarter. GAMMA Investing LLC now owns 1,361 shares of the oil and gas producer’s stock worth $67,000 after acquiring an additional 680 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.

Analysts Set New Price Targets

VNOM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Viper Energy from $56.00 to $51.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Barclays raised their price target on shares of Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Evercore ISI raised their price target on shares of Viper Energy from $45.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. KeyCorp raised shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price target on the stock in a report on Friday, December 13th. Finally, Bank of America assumed coverage on shares of Viper Energy in a research report on Tuesday, November 26th. They issued a “buy” rating and a $64.00 target price for the company. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.00.

Viper Energy Trading Down 2.5 %

NASDAQ:VNOM opened at $44.23 on Friday. Viper Energy, Inc. has a one year low of $35.46 and a one year 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. The company’s 50-day simple moving average is $47.13 and its 200 day simple moving average is $49.05. The firm has a market capitalization of $9.42 billion, a P/E ratio of 18.98 and a beta of 1.69.

Viper Energy Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were paid a $0.65 dividend. The ex-dividend date was Thursday, March 6th. This is an increase from Viper Energy’s previous dividend of $0.22. Viper Energy’s dividend payout ratio is currently 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.