O Brien Greene & Co. Inc Acquires 1,275 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

O Brien Greene & Co. Inc boosted its holdings in Viper Energy, Inc. (NASDAQ:VNOM) by 18.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,275 shares of the oil and gas producer’s stock after acquiring an additional 1,275 shares during the period. O Brien Greene & Co. Inc’s holdings in Viper Energy were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Raymond James & Associates grew its position in shares of Viper Energy by 41.9% in the third quarter. Raymond James & Associates now owns 145,693 shares of the oil and gas producer’s stock valued at $6,572,000 after purchasing an additional 42,999 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Viper Energy in the 3rd quarter valued at $144,000. International Assets Investment Management LLC increased its position in Viper Energy by 7,251.2% during the 3rd quarter. International Assets Investment Management LLC now owns 71,454 shares of the oil and gas producer’s stock worth $3,223,000 after buying an additional 70,482 shares during the period. Spirit of America Management Corp NY lifted its holdings in shares of Viper Energy by 44.4% during the third quarter. Spirit of America Management Corp NY now owns 28,450 shares of the oil and gas producer’s stock worth $1,283,000 after buying an additional 8,750 shares in the last quarter. Finally, Cross Staff Investments Inc bought a new stake in shares of Viper Energy in the third quarter valued at about $212,000. Institutional investors own 87.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on VNOM shares. Barclays raised their target price 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. The Goldman Sachs Group started coverage on Viper Energy in a report on Monday, December 2nd. They issued a “buy” rating and a $70.00 price objective for the company. JPMorgan Chase & Co. increased their target price on Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Evercore ISI boosted their price target on Viper Energy from $45.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Finally, KeyCorp upgraded 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 research note on Friday, December 13th. One research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.55.

Viper Energy Stock Performance

Shares of VNOM stock opened at $50.47 on Thursday. The business’s 50-day moving average price is $49.38 and its 200-day moving average price is $49.39. 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 firm has a market capitalization of $10.75 billion, a price-to-earnings ratio of 21.66 and a beta of 1.71.

Viper Energy Increases Dividend

The firm 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 a boost from Viper Energy’s previous dividend of $0.22. The ex-dividend date is Thursday, March 6th. Viper Energy’s payout ratio is currently 51.50%.

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.