Grantham Mayo Van Otterloo & Co. LLC Has $7.04 Million Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 50.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 143,392 shares of the oil and gas producer’s stock after purchasing an additional 48,000 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Viper Energy were worth $7,036,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. First Horizon Advisors Inc. increased its holdings in Viper Energy by 43.9% in the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock valued at $34,000 after buying an additional 214 shares during the period. American Century Companies Inc. boosted its position in shares of Viper Energy by 1.1% during the 4th quarter. American Century Companies Inc. now owns 25,323 shares of the oil and gas producer’s stock valued at $1,243,000 after acquiring an additional 268 shares in the last quarter. Savant Capital LLC increased its stake in Viper Energy by 2.1% in the fourth quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer’s stock valued at $706,000 after acquiring an additional 293 shares during the period. Andina Capital Management LLC raised its position in Viper Energy by 2.5% in the fourth quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer’s stock worth $634,000 after purchasing an additional 312 shares in the last quarter. Finally, Fulcrum Equity Management lifted its stake in Viper Energy by 4.1% during the third quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer’s stock worth $430,000 after purchasing an additional 375 shares during the period. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Stock Down 9.4 %

NASDAQ:VNOM opened at $37.64 on Monday. The company has a market cap of $8.02 billion, a price-to-earnings ratio of 16.15 and a beta of 1.23. 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 stock’s fifty day moving average price is $45.90 and its two-hundred day moving average price is $49.04. Viper Energy, Inc. has a 52-week low of $35.46 and a 52-week high of $56.76.

Viper Energy Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.65 per share. The ex-dividend date was Thursday, March 6th. This is a positive change from Viper Energy’s previous dividend of $0.22. Viper Energy’s dividend payout ratio is 32.70%.

Wall Street Analyst Weigh In

VNOM has been the topic of several analyst reports. StockNews.com upgraded Viper Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Piper Sandler lowered 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. KeyCorp raised Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price objective for the company in a report on Friday, December 13th. Truist Financial reduced 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. Finally, Mizuho began coverage on shares of Viper Energy in a research report on Monday, March 31st. They set an “outperform” rating and a $56.00 target price for the company. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.77.

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.