Plato Investment Management Ltd Cuts Stock Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Plato Investment Management Ltd trimmed its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 43.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,594 shares of the oil and gas producer’s stock after selling 1,216 shares during the quarter. Plato Investment Management Ltd’s holdings in Viper Energy were worth $79,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its stake in Viper Energy by 78.2% in the 3rd quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer’s stock valued at $172,918,000 after acquiring an additional 1,682,183 shares during the period. Geode Capital Management LLC grew its stake in Viper Energy by 16.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer’s stock valued at $76,647,000 after acquiring an additional 234,048 shares during the period. Merewether Investment Management LP grew its stake in Viper Energy by 22.9% in the 3rd quarter. Merewether Investment Management LP now owns 860,600 shares of the oil and gas producer’s stock valued at $38,822,000 after acquiring an additional 160,600 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Viper Energy by 11.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 625,261 shares of the oil and gas producer’s stock valued at $28,206,000 after acquiring an additional 66,222 shares during the period. Finally, Yaupon Capital Management LP acquired a new stake in Viper Energy in the 3rd quarter valued at $18,044,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VNOM has been the topic of a number of research analyst reports. KeyCorp raised shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price target on the stock in a research note on Friday, December 13th. StockNews.com raised shares of Viper Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Truist Financial lowered their target price on shares of Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. lifted their target price on shares of Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, Barclays lifted their target price on shares of 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.55.

Viper Energy Stock Down 4.3 %

NASDAQ VNOM opened at $42.97 on Thursday. Viper Energy, Inc. has a 52 week low of $34.45 and a 52 week high of $56.76. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. The business’s fifty day simple moving average is $48.75 and its 200-day simple moving average is $49.45. The firm has a market cap of $9.15 billion, a PE ratio of 18.44 and a beta of 1.71.

Viper Energy Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, March 6th will be 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 is Thursday, March 6th. Viper Energy’s payout ratio is 32.70%.

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.