Corebridge Financial Inc. Has $5.74 Million Stock Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Corebridge Financial Inc. decreased its stake in Viper Energy, Inc. (NASDAQ:VNOM) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,866 shares of the oil and gas producer’s stock after selling 3,445 shares during the period. Corebridge Financial Inc. owned about 0.05% of Viper Energy worth $5,735,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in VNOM. Golden State Wealth Management LLC bought a new position in shares of Viper Energy in the 4th quarter valued at $25,000. Assetmark Inc. increased 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 purchasing an additional 518 shares in the last quarter. First Horizon Advisors Inc. increased 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 purchasing an additional 214 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Viper Energy during the fourth quarter valued at about $55,000. Finally, National Bank of Canada FI boosted its stake in shares of Viper Energy by 524.8% during the third quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock valued at $63,000 after purchasing an additional 1,165 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Price Performance

Shares of VNOM opened at $44.19 on Friday. The firm has a market cap of $9.41 billion, a PE ratio of 18.97 and a beta of 1.69. Viper Energy, Inc. has a 52-week low of $35.46 and a 52-week high of $56.76. The business’s 50 day moving average price is $46.53 and its two-hundred day moving average price is $49.03. 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 Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend 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 currently 32.70%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VNOM. JPMorgan Chase & Co. dropped their price objective on shares of Viper Energy from $56.00 to $51.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. The Goldman Sachs Group set a $72.00 price target on shares of Viper Energy in a research note on Monday, March 3rd. KeyCorp raised shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price objective on the stock in a research note on Friday, December 13th. Barclays raised their target price on Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Evercore ISI upped their price target on Viper Energy from $45.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $59.00.

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.