Bradley Foster & Sargent Inc. CT Has $747,000 Stock Position in Viper Energy, Inc. (NASDAQ:VNOM)

Bradley Foster & Sargent Inc. CT lessened its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 34.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,229 shares of the oil and gas producer’s stock after selling 8,140 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Viper Energy were worth $747,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Raymond James & Associates lifted its position in 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 worth $6,572,000 after purchasing an additional 42,999 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Viper Energy during the 3rd quarter worth about $144,000. International Assets Investment Management LLC boosted its position in shares of 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 valued at $3,223,000 after acquiring an additional 70,482 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Viper Energy during the third quarter worth about $1,268,000. Finally, State of Alaska Department of Revenue bought a new stake in Viper Energy during the third quarter worth about $528,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Stock Performance

VNOM opened at $48.33 on Friday. The business’s 50-day simple moving average is $49.30 and its 200 day simple moving average is $49.46. Viper Energy, Inc. has a 52-week low of $34.45 and a 52-week high of $56.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The firm has a market capitalization of $10.30 billion, a PE ratio of 20.74 and a beta of 1.71.

Viper Energy Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th will be given a $0.65 dividend. The ex-dividend date is Thursday, March 6th. This is an increase from Viper Energy’s previous dividend of $0.22. Viper Energy’s dividend payout ratio (DPR) is 51.50%.

Analysts Set New Price Targets

Several research analysts have recently commented on VNOM shares. Piper Sandler reduced their target price on Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. KeyCorp raised 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 report on Friday, December 13th. Bank of America assumed coverage on shares of Viper Energy in a research report on Tuesday, November 26th. They issued a “buy” rating and a $64.00 price objective for the company. JPMorgan Chase & Co. upped their target price on shares of Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, Barclays raised their price target on shares of Viper Energy from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.55.

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.