Massachusetts Financial Services Co. MA Has $77.75 Million Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Massachusetts Financial Services Co. MA decreased its stake in Viper Energy, Inc. (NASDAQ:VNOM) by 20.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,584,367 shares of the oil and gas producer’s stock after selling 416,698 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.74% of Viper Energy worth $77,745,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in shares of Viper Energy during the 4th quarter worth about $95,505,000. State Street Corp increased its holdings in shares of Viper Energy by 78.2% during the third quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer’s stock worth $172,918,000 after buying an additional 1,682,183 shares in the last quarter. Yaupon Capital Management LP acquired a new stake in shares of Viper Energy during the third quarter worth approximately $18,044,000. Retirement Systems of Alabama bought a new position in shares of Viper Energy in the third quarter valued at approximately $12,980,000. Finally, Horizon Kinetics Asset Management LLC boosted its holdings in shares of Viper Energy by 20.4% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 1,589,404 shares of the oil and gas producer’s stock worth $77,992,000 after acquiring an additional 268,959 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors.

Viper Energy Price Performance

Shares of VNOM opened at $37.64 on Friday. The stock has a market cap of $8.02 billion, a P/E ratio of 16.15 and a beta of 1.69. Viper Energy, Inc. has a 1 year low of $35.46 and a 1 year high of $56.76. The stock’s 50-day moving average price is $45.90 and its two-hundred day moving average price is $48.98. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25.

Viper Energy Increases Dividend

The company also recently disclosed 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. 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%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VNOM. The Goldman Sachs Group set a $72.00 price objective on Viper Energy in a research report on Monday, March 3rd. JPMorgan Chase & Co. cut their price target on Viper Energy from $56.00 to $51.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. 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 report on Friday, December 13th. Barclays increased their price target on shares of Viper Energy from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Truist Financial lowered their price target 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. One 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $58.77.

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.