Capital Fund Management S.A. Purchases New Position in Viper Energy, Inc. (NASDAQ:VNOM)

Capital Fund Management S.A. bought a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 20,643 shares of the oil and gas producer's stock, valued at approximately $1,013,000.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Viper Energy by 16.0% during the third 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 in the last quarter. Retirement Systems of Alabama bought a new position in shares of Viper Energy in the third quarter valued at approximately $12,980,000. Principal Financial Group Inc. grew its position in Viper Energy by 3,200.2% in the 3rd quarter. Principal Financial Group Inc. now owns 235,307 shares of the oil and gas producer's stock worth $10,615,000 after purchasing an additional 228,177 shares in the last quarter. Barclays PLC grew its position in Viper Energy by 103.3% during the third quarter. Barclays PLC now owns 43,962 shares of the oil and gas producer's stock valued at $1,982,000 after buying an additional 22,334 shares during the period. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Viper Energy during the 4th quarter worth approximately $358,000. 87.72% of the stock is currently owned by institutional investors.

Viper Energy Stock Down 1.9 %

Shares of Viper Energy stock traded down $0.79 during midday trading on Monday, hitting $40.59. The company's stock had a trading volume of 200,457 shares, compared to its average volume of 1,286,365. The stock has a 50-day simple moving average of $43.52 and a 200-day simple moving average of $48.36. 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 capitalization of $8.65 billion, a P/E ratio of 17.45 and a beta of 1.23. Viper Energy, Inc. has a 1-year low of $34.71 and a 1-year high of $56.76.

Viper Energy Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.65 per share. The ex-dividend date was Thursday, March 6th. This is a boost from Viper Energy's previous dividend of $0.22. Viper Energy's dividend payout ratio (DPR) is presently 32.70%.

Analysts Set New Price Targets

VNOM has been the topic of a number of recent research reports. The Goldman Sachs Group set a $72.00 price objective on Viper Energy in a report on Monday, March 3rd. Raymond James reissued an "outperform" rating and issued a $58.00 target price (down previously from $64.00) on shares of Viper Energy in a research note on Tuesday, February 4th. StockNews.com raised Viper Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. Mizuho initiated 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 for the company. Finally, Evercore ISI lifted their target price on shares of Viper Energy from $45.00 to $58.00 and gave the stock an "outperform" rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.38.

Viper Energy Company 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.