Evergreen Capital Management LLC Sells 10,015 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Evergreen Capital Management LLC lessened its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 11.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,100 shares of the oil and gas producer’s stock after selling 10,015 shares during the period. Evergreen Capital Management LLC’s holdings in Viper Energy were worth $3,685,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jump Financial LLC grew its stake in Viper Energy by 568.0% in the 4th quarter. Jump Financial LLC now owns 31,995 shares of the oil and gas producer’s stock valued at $1,570,000 after buying an additional 27,205 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of Viper Energy by 148.7% during the 4th quarter. Guggenheim Capital LLC now owns 16,266 shares of the oil and gas producer’s stock valued at $798,000 after purchasing an additional 9,726 shares during the period. Walleye Capital LLC lifted its holdings in Viper Energy by 284.1% during the 4th quarter. Walleye Capital LLC now owns 19,978 shares of the oil and gas producer’s stock worth $980,000 after purchasing an additional 14,777 shares in the last quarter. Mariner LLC bought a new position in Viper Energy in the 4th quarter worth about $249,000. Finally, Barclays PLC grew its holdings in Viper Energy by 77.0% during the 4th quarter. Barclays PLC now owns 77,810 shares of the oil and gas producer’s stock valued at $3,819,000 after buying an additional 33,848 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Viper Energy Stock Performance

Viper Energy stock opened at $39.08 on Thursday. The firm has a fifty day simple moving average of $43.90 and a two-hundred day simple moving average of $48.42. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a twelve month low of $34.71 and a twelve month high of $56.76. The company has a market capitalization of $8.33 billion, a PE ratio of 16.77 and a beta of 1.23.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Mizuho assumed coverage on shares of Viper Energy in a report on Monday, March 31st. They issued an “outperform” rating and a $56.00 price target on the stock. Wells Fargo & Company initiated coverage on shares of Viper Energy in a report on Friday, March 14th. They issued an “overweight” rating and a $51.00 price target for the company. Barclays upped 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. Truist Financial reduced their target price on Viper Energy from $78.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Finally, Raymond James reaffirmed an “outperform” rating and issued a $58.00 price target (down previously from $64.00) on shares of Viper Energy in a report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.62.

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.