Jump Financial LLC Buys 27,205 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Jump Financial LLC lifted its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 568.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,995 shares of the oil and gas producer's stock after acquiring an additional 27,205 shares during the quarter. Jump Financial LLC's holdings in Viper Energy were worth $1,570,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Viper Energy by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 10,094,960 shares of the oil and gas producer's stock worth $495,360,000 after buying an additional 239,404 shares in the last quarter. FIL Ltd increased its position in Viper Energy by 8.5% in the 4th quarter. FIL Ltd now owns 3,964,130 shares of the oil and gas producer's stock worth $194,520,000 after purchasing an additional 310,890 shares during the last quarter. Raymond James Financial Inc. bought a new position in Viper Energy during the fourth quarter valued at approximately $95,505,000. Geode Capital Management LLC boosted its holdings in Viper Energy by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 1,733,745 shares of the oil and gas producer's stock worth $85,102,000 after purchasing an additional 35,084 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its holdings in Viper Energy by 20.4% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,589,404 shares of the oil and gas producer's stock valued at $77,992,000 after buying an additional 268,959 shares in the last quarter. Institutional investors own 87.72% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Evercore ISI increased their price target on Viper Energy from $45.00 to $58.00 and gave the company an "outperform" rating in a report on Wednesday, January 8th. Mizuho began coverage on Viper Energy in a report on Monday, March 31st. They issued an "outperform" rating and a $56.00 target price on the stock. Wells Fargo & Company dropped their price objective on shares of Viper Energy from $51.00 to $48.00 and set an "overweight" rating on the stock in a report on Monday. JPMorgan Chase & Co. decreased their price objective on Viper Energy from $51.00 to $49.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Finally, Piper Sandler reduced their price objective on shares of Viper Energy from $63.00 to $62.00 and set an "overweight" rating for the company in a report on Tuesday. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $57.15.

Viper Energy Trading Up 1.2 %

VNOM stock traded up $0.49 during midday trading on Friday, reaching $41.49. The stock had a trading volume of 102,324 shares, compared to its average volume of 1,699,704. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of 17.84 and a beta of 1.23. Viper Energy, Inc. has a twelve month low of $34.71 and a twelve month high of $56.76. 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 business has a fifty day simple moving average of $42.78 and a two-hundred day simple moving average of $48.11.

Viper Energy Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were issued a $0.65 dividend. This is a positive change from Viper Energy's previous dividend of $0.22. The ex-dividend date was Thursday, March 6th. Viper Energy's dividend payout ratio is currently 32.70%.

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.