Stratos Wealth Advisors LLC Invests $450,000 in Viper Energy, Inc. (NASDAQ:VNOM)

Stratos Wealth Advisors LLC bought a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM) during the 4th quarter, Holdings Channel reports. The institutional investor bought 9,165 shares of the oil and gas producer’s stock, valued at approximately $450,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VNOM. The Manufacturers Life Insurance Company raised its position in shares of Viper Energy by 8.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,497 shares of the oil and gas producer’s stock worth $507,000 after acquiring an additional 1,006 shares in the last quarter. Truist Financial Corp raised its position in shares of Viper Energy by 4.5% during the 2nd quarter. Truist Financial Corp now owns 11,230 shares of the oil and gas producer’s stock worth $421,000 after acquiring an additional 488 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Viper Energy by 208.1% during the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 460 shares in the last quarter. Cypress Wealth Services LLC acquired a new stake in shares of Viper Energy during the 3rd quarter worth about $392,000. Finally, ORG Partners LLC raised its position in shares of Viper Energy by 17.9% during the 3rd quarter. ORG Partners LLC now owns 3,320 shares of the oil and gas producer’s stock worth $150,000 after acquiring an additional 505 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Stock Down 0.7 %

Viper Energy stock opened at $49.38 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. Viper Energy, Inc. has a 1-year low of $31.51 and a 1-year high of $56.76. The company has a market cap of $9.30 billion, a PE ratio of 21.19 and a beta of 1.71. The stock’s 50 day moving average price is $49.77 and its 200 day moving average price is $48.83.

Viper Energy Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, March 6th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from Viper Energy’s previous dividend of $0.22. Viper Energy’s payout ratio is 51.50%.

Wall Street Analyst Weigh In

Several research analysts have commented on VNOM shares. JPMorgan Chase & Co. lifted their price target on Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. The Goldman Sachs Group started coverage on Viper Energy in a research report on Monday, December 2nd. They set a “buy” rating and a $70.00 price target on the stock. Truist Financial cut their price target on Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Piper Sandler cut their price target on Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Finally, Roth Mkm lifted their price target on Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.55.

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.