Walleye Capital LLC Has $980,000 Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Walleye Capital LLC grew its position in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 284.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,978 shares of the oil and gas producer's stock after buying an additional 14,777 shares during the quarter. Walleye Capital LLC's holdings in Viper Energy were worth $980,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in VNOM. Raymond James Financial Inc. bought a new position in shares of Viper Energy in the fourth quarter worth about $95,505,000. Invesco Ltd. lifted its stake in Viper Energy by 164.3% in the 4th quarter. Invesco Ltd. now owns 576,637 shares of the oil and gas producer's stock valued at $28,296,000 after purchasing an additional 358,487 shares during the last quarter. FIL Ltd boosted its position in Viper Energy by 8.5% in the fourth quarter. FIL Ltd now owns 3,964,130 shares of the oil and gas producer's stock valued at $194,520,000 after buying an additional 310,890 shares in the last quarter. Retirement Systems of Alabama bought a new stake in shares of Viper Energy during the third quarter worth $12,980,000. Finally, Horizon Kinetics Asset Management LLC increased its holdings in shares of 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 worth $77,992,000 after buying an additional 268,959 shares in the last quarter. Institutional investors own 87.72% of the company's stock.

Viper Energy Trading Up 1.4 %

NASDAQ VNOM traded up $0.56 during trading hours on Friday, hitting $41.56. 99,549 shares of the company's stock were exchanged, compared to its average volume of 1,288,534. The firm has a market cap of $8.85 billion, a price-to-earnings ratio of 17.81 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. The stock has a 50-day simple moving average of $42.78 and a 200 day simple moving average of $48.11. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25.

Viper Energy Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were paid a $0.65 dividend. The ex-dividend date was Thursday, March 6th. This is an increase from Viper Energy's previous dividend of $0.22. Viper Energy's dividend payout ratio (DPR) is currently 32.70%.

Wall Street Analyst Weigh In

VNOM has been the topic of a number of research reports. Raymond James set a $52.00 price objective on Viper Energy in a research report on Monday. JPMorgan Chase & Co. dropped their price objective on shares of Viper Energy from $51.00 to $49.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Barclays reduced their target price on shares of Viper Energy from $60.00 to $57.00 and set an "overweight" rating on the stock in a report on Wednesday. Truist Financial decreased their price target on shares of Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Finally, KeyCorp cut their price target on shares of Viper Energy from $62.00 to $56.00 and set an "overweight" rating on the stock in a report on Monday. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Viper Energy has an average rating of "Moderate Buy" and a consensus target price of $57.15.

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.