37,352 Shares in Viper Energy, Inc. (NASDAQ:VNOM) Purchased by Massar Capital Management LP

Massar Capital Management LP acquired a new position in Viper Energy, Inc. (NASDAQ:VNOM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 37,352 shares of the oil and gas producer’s stock, valued at approximately $1,833,000. Viper Energy comprises about 2.1% of Massar Capital Management LP’s holdings, making the stock its 15th largest holding.

Several other large investors also recently bought and sold shares of VNOM. Golden State Wealth Management LLC acquired a new stake in Viper Energy in the 4th quarter valued at about $25,000. Assetmark Inc. grew its position in shares of Viper Energy by 321.7% in the fourth quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 518 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Viper Energy by 43.9% in the fourth quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 214 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Viper Energy during the fourth quarter worth approximately $55,000. Finally, Covestor Ltd boosted its stake in Viper Energy by 8,100.0% during the fourth quarter. Covestor Ltd now owns 1,312 shares of the oil and gas producer’s stock worth $64,000 after buying an additional 1,296 shares during the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Price Performance

Shares of VNOM opened at $39.56 on Tuesday. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a fifty-two week low of $34.71 and a fifty-two week high of $56.76. The company has a market cap of $8.43 billion, a P/E ratio of 16.98 and a beta of 1.23. The firm’s 50 day moving average price is $43.31 and its 200 day moving average price is $48.29.

Viper Energy Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were issued a $0.65 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This is a positive change from Viper Energy’s previous dividend of $0.22. Viper Energy’s dividend payout ratio (DPR) is 32.70%.

Wall Street Analysts Forecast Growth

VNOM has been the topic of several recent research reports. Mizuho assumed coverage on shares of Viper Energy in a research report on Monday, March 31st. They set an “outperform” rating and a $56.00 price target on the stock. 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. Wells Fargo & Company reduced their price target on shares of Viper Energy from $51.00 to $48.00 and set an “overweight” rating on the stock in a research report on Monday. Truist Financial cut their target price on Viper Energy from $78.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their price objective on Viper Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.92.

About Viper Energy

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.