37,352 Shares in Viper Energy, Inc. (NASDAQ:VNOM) Bought by Massar Capital Management LP

Massar Capital Management LP bought a new stake in Viper Energy, Inc. (NASDAQ:VNOM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 37,352 shares of the oil and gas producer’s stock, valued at approximately $1,833,000. Viper Energy comprises about 2.1% of Massar Capital Management LP’s investment portfolio, making the stock its 15th largest holding.

A number of other large investors have also added to or reduced their stakes in VNOM. Golden State Wealth Management LLC acquired a new position in Viper Energy during the 4th quarter valued at about $25,000. Assetmark Inc. raised its position in shares of Viper Energy by 321.7% in the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 518 shares during the last quarter. First Horizon Advisors Inc. boosted its stake 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 purchased a new stake in Viper Energy during the 4th quarter worth approximately $55,000. Finally, Covestor Ltd increased its stake in Viper Energy by 8,100.0% during the 4th quarter. Covestor Ltd now owns 1,312 shares of the oil and gas producer’s stock valued at $64,000 after purchasing an additional 1,296 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors.

Viper Energy Price Performance

NASDAQ:VNOM opened at $39.56 on Tuesday. 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 52 week low of $34.71 and a 52 week high of $56.76. The stock’s 50-day moving average price is $43.31 and its 200-day moving average price is $48.29. The stock has a market capitalization of $8.43 billion, a PE ratio of 16.98 and a beta of 1.23.

Viper Energy Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were issued a $0.65 dividend. This is a positive change from Viper Energy’s previous dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 6th. Viper Energy’s dividend payout ratio (DPR) is presently 32.70%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Evercore ISI upped their target price on Viper Energy from $45.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group set a $72.00 price objective on Viper Energy in a research note on Monday, March 3rd. Mizuho assumed coverage on Viper Energy in a research report on Monday, March 31st. They issued an “outperform” rating and a $56.00 target price on the stock. Wells Fargo & Company reduced their price target on shares of Viper Energy from $51.00 to $48.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Barclays upped their price objective on shares of Viper Energy from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $57.92.

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.