HM Payson & Co. Sells 4,000 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

HM Payson & Co. trimmed its position in Viper Energy, Inc. (NASDAQ:VNOM) by 66.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000 shares of the oil and gas producer’s stock after selling 4,000 shares during the period. HM Payson & Co.’s holdings in Viper Energy were worth $98,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional 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. Farther Finance Advisors LLC boosted its stake in Viper Energy by 328.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 450 shares during the last quarter. Assetmark Inc. boosted its stake in Viper Energy by 321.7% during 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% during the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 214 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Viper Energy by 99.9% during the 4th quarter. GAMMA Investing LLC now owns 1,361 shares of the oil and gas producer’s stock valued at $67,000 after purchasing an additional 680 shares during the last quarter. 87.72% of the stock is owned by institutional investors.

Viper Energy Price Performance

Viper Energy stock opened at $41.36 on Monday. Viper Energy, Inc. has a 12 month low of $34.45 and a 12 month high of $56.76. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The business’s 50 day simple moving average is $48.48 and its 200 day simple moving average is $49.40. The company has a market cap of $8.81 billion, a price-to-earnings ratio of 17.75 and a beta of 1.69.

Viper Energy Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, March 6th will be paid a $0.65 dividend. This is an increase from Viper Energy’s previous dividend of $0.22. The ex-dividend date is Thursday, March 6th. Viper Energy’s dividend payout ratio is presently 32.70%.

Analysts Set New Price Targets

VNOM has been the subject of a number of analyst reports. Raymond James reiterated an “outperform” rating and set a $58.00 price target (down previously from $64.00) on shares of Viper Energy in a research note on Tuesday, February 4th. 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 research note on Friday, December 13th. StockNews.com upgraded Viper Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Piper Sandler cut their target price on Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Finally, Barclays boosted their target price on Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.55.

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.