2 days Ago By ABMN Staff
Envestnet Asset Management Inc. lessened its holdings in shares of Viper Energy, Inc. ( NASDAQ:VNOM – Free Report ) by 1.
1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 264,455 shares of the oil and gas producer’s stock after selling 2,878 shares during the quarter. Envestnet Asset Management Inc.
’s holdings in Viper Energy were worth $12,977,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Grantham Mayo Van Otterloo & Co.
LLC increased its stake in shares of Viper Energy by 50.3% during the 4th quarter. Grantham Mayo Van Otterloo & Co.
LLC now owns 143,392 shares of the oil and gas producer’s stock worth $7,036,000 after purchasing an additional 48,000 shares during the last quarter. Resona Asset Management Co. Ltd.
bought a new stake in Viper Energy in the fourth quarter worth $925,000. Wells Fargo & Company MN increased its position in Viper Energy by 11.1% during the fourth quarter.
Wells Fargo & Company MN now owns 115,370 shares of the oil and gas producer’s stock worth $5,661,000 after buying an additional 11,493 shares during the last quarter. Geode Capital Management LLC raised its holdings in Viper Energy by 2.1% during the fourth quarter.
Geode Capital Management LLC now owns 1,733,745 shares of the oil and gas producer’s stock valued at $85,102,000 after buying an additional 35,084 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Viper Energy by 6.
9% in the fourth quarter. Franklin Resources Inc. now owns 71,945 shares of the oil and gas producer’s stock worth $3,530,000 after buying an additional 4,620 shares during the last quarter.
Institutional investors own 87.72% of the company’s stock. Viper Energy Stock Performance VNOM opened at $39.
08 on Thursday. The stock’s 50 day simple moving average is $43.90 and its 200-day simple moving average is $48.
42. 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 stock has a market cap of $8.
33 billion, a PE ratio of 16.77 and a beta of 1.23.
Viper Energy, Inc. has a 1 year low of $34.71 and a 1 year high of $56.
76. Viper Energy Increases Dividend Analyst Upgrades and Downgrades A number of research analysts have recently commented on VNOM shares. Barclays increased their price objective on Viper Energy from $58.
00 to $60.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. StockNews.
com raised shares of Viper Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price objective on shares of Viper Energy from $51.
00 to $49.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Wells Fargo & Company initiated coverage on shares of Viper Energy in a report on Friday, March 14th.
They issued an “overweight” rating and a $51.00 target price on the stock. Finally, Truist Financial decreased 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 research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock.
According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.62.
Read Our Latest Report on VNOM Viper Energy Company Profile ( Free Report ) 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.
Read More Want to see what other hedge funds are holding VNOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viper Energy, Inc. ( NASDAQ:VNOM – Free Report ).
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