Susquehanna Fundamental Investments LLC Takes $2.29 Million Position in Viper Energy, Inc. (NASDAQ:VNOM)

Susquehanna Fundamental Investments LLC bought a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 46,657 shares of the oil and gas producer’s stock, valued at approximately $2,289,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Viper Energy by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 10,094,960 shares of the oil and gas producer’s stock worth $495,360,000 after acquiring an additional 239,404 shares in the last quarter. FIL Ltd increased its holdings in Viper Energy by 8.5% during the 4th quarter. FIL Ltd now owns 3,964,130 shares of the oil and gas producer’s stock worth $194,520,000 after purchasing an additional 310,890 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Viper Energy by 20.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,309,425 shares of the oil and gas producer’s stock valued at $113,324,000 after purchasing an additional 389,473 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Viper Energy in the fourth quarter valued at about $95,505,000. Finally, Geode Capital Management LLC boosted its position in shares of Viper Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 1,733,745 shares of the oil and gas producer’s stock worth $85,102,000 after buying an additional 35,084 shares during the period. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Trading Down 1.0 %

Shares of Viper Energy stock opened at $41.70 on Wednesday. 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 has a fifty day simple moving average of $42.27 and a two-hundred day simple moving average of $47.90. Viper Energy, Inc. has a 1 year low of $34.71 and a 1 year high of $56.76. The company has a market capitalization of $8.88 billion, a price-to-earnings ratio of 17.90 and a beta of 1.23.

Viper Energy Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were paid a $0.65 dividend. 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 32.70%.

Analysts Set New Price Targets

Several equities research analysts have commented on VNOM shares. Piper Sandler cut their target price on Viper Energy from $63.00 to $62.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Truist Financial reduced their target price on shares of Viper Energy from $78.00 to $68.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Mizuho began coverage on shares of Viper Energy in a research note on Monday, March 31st. They issued an “outperform” rating and a $56.00 price target on the stock. KeyCorp reduced their price objective on shares of Viper Energy from $62.00 to $56.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. Finally, The Goldman Sachs Group set a $72.00 price objective on Viper Energy in a report on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $57.15.

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.