Jump Financial LLC Has $4.20 Million Stock Position 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 grew its position in Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 190.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 93,000 shares of the oil and gas producer's stock after buying an additional 61,005 shares during the period. Jump Financial LLC's holdings in Viper Energy were worth $4,199,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on VNOM. JPMorgan Chase & Co. dropped their target price on shares of Viper Energy from $49.00 to $47.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. Barclays upped their target price on shares of Viper Energy from $57.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Wall Street Zen cut shares of Viper Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Piper Sandler upped their target price on shares of Viper Energy from $66.00 to $68.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Finally, Bank of America dropped their target price on shares of Viper Energy from $53.00 to $50.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Fifteen investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $56.36.

Viper Energy Price Performance

VNOM opened at $39.45 on Tuesday. The company has a quick ratio of 6.15, a current ratio of 6.15 and a debt-to-equity ratio of 0.13. Viper Energy Inc. has a 12 month low of $34.71 and a 12 month high of $56.76. The company has a fifty day simple moving average of $38.13 and a 200 day simple moving average of $41.00. The stock has a market cap of $11.38 billion, a P/E ratio of 11.40, a P/E/G ratio of 17.37 and a beta of 0.99.

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

Viper Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were paid a $0.53 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.12 annualized dividend and a dividend yield of 5.4%. Viper Energy's dividend payout ratio (DPR) is currently 38.15%.

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.

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