TD Private Client Wealth LLC Sells 1,148 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

TD Private Client Wealth LLC cut its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,146 shares of the oil and gas producer’s stock after selling 1,148 shares during the period. TD Private Client Wealth LLC’s holdings in Viper Energy were worth $1,087,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. FMR LLC grew its holdings in shares of Viper Energy by 4,836.9% during the 3rd quarter. FMR LLC now owns 74,596 shares of the oil and gas producer’s stock valued at $3,365,000 after purchasing an additional 73,085 shares during the last quarter. Geode Capital Management LLC lifted its stake in Viper Energy by 16.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer’s stock valued at $76,647,000 after purchasing an additional 234,048 shares during the last quarter. Retirement Systems of Alabama acquired a new stake in Viper Energy in the third quarter valued at approximately $12,980,000. Principal Financial Group Inc. grew its stake in shares of Viper Energy by 3,200.2% during the third quarter. Principal Financial Group Inc. now owns 235,307 shares of the oil and gas producer’s stock worth $10,615,000 after buying an additional 228,177 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Viper Energy by 103.3% during the third quarter. Barclays PLC now owns 43,962 shares of the oil and gas producer’s stock worth $1,982,000 after buying an additional 22,334 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Price Performance

VNOM stock opened at $44.23 on Monday. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of 18.98 and a beta of 1.69. The company’s fifty day simple moving average is $47.13 and its 200 day simple moving average is $49.09. Viper Energy, Inc. has a 12-month low of $35.46 and a 12-month high of $56.76.

Viper Energy Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were paid a $0.65 dividend. 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 payout ratio is 32.70%.

Analyst Ratings Changes

A number of brokerages recently weighed in on VNOM. Raymond James restated an “outperform” rating and set a $58.00 price objective (down previously from $64.00) on shares of Viper Energy in a research report on Tuesday, February 4th. StockNews.com upgraded Viper Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. The Goldman Sachs Group set a $72.00 price objective on shares of Viper Energy in a report on Monday, March 3rd. 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 report on Monday, February 3rd. Finally, Evercore ISI upped their price target on shares of Viper Energy from $45.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.00.

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.