Jump Financial LLC Has $4.20 Million Stake in Viper Energy Inc. $VNOM

Key Points

• Jump Financial LLC increased its position in Viper Energy Inc. by 190.7%, now holding 93,000 shares valued at approximately $4.20 million after acquiring additional shares in Q1.
• Multiple brokerages have given Viper Energy a consensus Buy rating, with target prices ranging from $47.00 to $68.00.
• Viper Energy recently declared a quarterly dividend of $0.53, resulting in an annualized yield of 5.4% amid a net margin of 37.84% in its latest earnings report.

Jump Financial LLC raised its position in Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 190.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,000 shares of the oil and gas producer's stock after purchasing an additional 61,005 shares during the quarter. Jump Financial LLC's holdings in Viper Energy were worth $4,199,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Viper Energy in the 4th quarter valued at about $32,000. UMB Bank n.a. raised its stake in shares of Viper Energy by 129.0% in the 1st quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer's stock valued at $33,000 after purchasing an additional 414 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of Viper Energy in the 1st quarter valued at about $34,000. AlphaQuest LLC bought a new position in shares of Viper Energy in the 1st quarter valued at about $41,000. Finally, Golden State Wealth Management LLC grew its holdings in shares of Viper Energy by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,000 shares of the oil and gas producer's stock valued at $45,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

Viper Energy Stock Performance

Shares of NASDAQ:VNOM traded down $0.46 during trading on Friday, reaching $39.85. 1,332,844 shares of the stock were exchanged, compared to its average volume of 2,697,086. Viper Energy Inc. has a 12 month low of $34.71 and a 12 month high of $56.76. The firm has a market cap of $11.50 billion, a PE ratio of 11.52, a PEG ratio of 17.81 and a beta of 1.04. The stock has a 50-day moving average price of $38.01 and a 200-day moving average price of $40.70. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.13.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. Viper Energy had a return on equity of 3.92% and a net margin of 37.84%.The company had revenue of $297.00 million during the quarter, compared to analysts' expectations of $285.35 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. The business's revenue was up 37.1% on a year-over-year basis. Research analysts expect that Viper Energy Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Thursday, August 14th. Viper Energy's payout ratio is presently 38.15%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VNOM. Bank of America decreased their price objective on Viper Energy from $53.00 to $50.00 and set a "buy" rating for the company in a report on Friday, May 23rd. William Blair began coverage on Viper Energy in a report on Monday, August 25th. They issued an "outperform" rating for the company. Morgan Stanley began coverage on Viper Energy in a report on Monday, August 18th. They issued an "overweight" rating and a $46.00 price objective for the company. Wells Fargo & Company decreased their price objective on Viper Energy from $51.00 to $48.00 and set an "overweight" rating for the company in a report on Thursday, August 14th. Finally, Evercore ISI lifted their price target on Viper Energy from $49.00 to $51.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Sixteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $55.93.

Viper Energy 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.