Capital Fund Management S.A. Takes $1.01 Million Position in Viper Energy, Inc. (NASDAQ:VNOM)

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

Several other hedge funds also recently modified their holdings of VNOM. Vanguard Group Inc. boosted its holdings in Viper Energy by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 10,094,960 shares of the oil and gas producer's stock valued at $495,360,000 after acquiring an additional 239,404 shares during the period. FIL Ltd grew its holdings 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 valued at $194,520,000 after buying an additional 310,890 shares during the last quarter. Raymond James Financial Inc. bought a new position in Viper Energy in the 4th quarter worth approximately $95,505,000. Geode Capital Management LLC grew its stake in shares of 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 acquiring an additional 35,084 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC increased its position 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 worth $77,992,000 after acquiring an additional 268,959 shares during the period. Institutional investors and hedge funds own 87.72% of the company's stock.

Viper Energy Stock Up 5.9 %

Shares of Viper Energy stock traded up $2.29 during trading on Friday, reaching $41.37. 2,105,878 shares of the company traded hands, compared to its average volume of 1,287,404. The firm has a market capitalization of $8.81 billion, a PE ratio of 17.76 and a beta of 1.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. The company has a 50 day moving average price of $43.72 and a 200-day moving average price of $48.39. Viper Energy, Inc. has a 1-year low of $34.71 and a 1-year high of $56.76.

Viper Energy Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were paid a dividend of $0.65 per share. This is a boost from Viper Energy's previous dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 6th. Viper Energy's dividend payout ratio is presently 32.70%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VNOM. Barclays lifted their price objective on Viper Energy from $58.00 to $60.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Mizuho initiated coverage on shares of Viper Energy in a research report on Monday, March 31st. They issued an "outperform" rating and a $56.00 price target for the company. The Goldman Sachs Group set a $72.00 target price on Viper Energy in a research report on Monday, March 3rd. StockNews.com upgraded shares of Viper Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Evercore ISI increased their target price on 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.62.

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.