Stratos Wealth Advisors LLC Buys Shares of 9,165 Viper Energy, Inc. (NASDAQ:VNOM)

Stratos Wealth Advisors LLC bought a new stake in Viper Energy, Inc. (NASDAQ:VNOM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,165 shares of the oil and gas producer’s stock, valued at approximately $450,000.

Several other large investors also recently added to or reduced their stakes in VNOM. Farther Finance Advisors LLC grew its holdings in Viper Energy by 328.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 450 shares in the last quarter. GAMMA Investing LLC grew its holdings in Viper Energy by 208.1% in the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 460 shares in the last quarter. National Bank of Canada FI grew its holdings in Viper Energy by 524.8% in 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 buying an additional 1,165 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of Viper Energy during the 4th quarter worth $94,000. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Viper Energy during the 4th quarter worth $110,000. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Price Performance

VNOM stock opened at $49.38 on Friday. 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 firm has a market capitalization of $9.30 billion, a P/E ratio of 21.19 and a beta of 1.71. The business’s 50-day moving average is $49.77 and its two-hundred day moving average is $48.83. Viper Energy, Inc. has a 1 year low of $31.51 and a 1 year high of $56.76.

Viper Energy Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th will be given a $0.65 dividend. The ex-dividend date is 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 currently 51.50%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on VNOM shares. StockNews.com cut Viper Energy from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. The Goldman Sachs Group started coverage on Viper Energy in a report on Monday, December 2nd. They set a “buy” rating and a $70.00 price target for the company. KeyCorp upgraded 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. Roth Mkm increased their price target on Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Raymond James reiterated an “outperform” rating and set a $58.00 price target (down from $64.00) on shares of Viper Energy in a report on Tuesday. One investment analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $59.55.

About Viper Energy

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.