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

Jump Financial LLC boosted its position in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 568.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,995 shares of the oil and gas producer's stock after purchasing an additional 27,205 shares during the period. Jump Financial LLC's holdings in Viper Energy were worth $1,570,000 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. Vanguard Group Inc. lifted its position in Viper Energy by 2.4% during 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 raised its holdings in Viper Energy by 8.5% during the fourth quarter. FIL Ltd now owns 3,964,130 shares of the oil and gas producer's stock worth $194,520,000 after acquiring an additional 310,890 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Viper Energy during the fourth quarter valued at approximately $95,505,000. Geode Capital Management LLC grew its stake 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 valued at $85,102,000 after purchasing an additional 35,084 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC increased its position in shares of Viper Energy by 20.4% during the 4th 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 purchasing an additional 268,959 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

Viper Energy Stock Performance

VNOM traded down $0.22 during trading on Wednesday, hitting $40.45. The stock had a trading volume of 1,110,932 shares, compared to its average volume of 1,291,370. 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 firm has a market cap of $8.62 billion, a price-to-earnings ratio of 17.36 and a beta of 1.23. The company has a 50 day moving average price of $43.13 and a 200-day moving average price of $48.24. Viper Energy, Inc. has a one year low of $34.71 and a one 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 $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 is 32.70%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. KeyCorp cut their price objective on Viper Energy from $62.00 to $56.00 and set an "overweight" rating for the company in a report on Monday. Raymond James set a $52.00 price objective on shares of Viper Energy in a research report on Monday. The Goldman Sachs Group set a $72.00 price objective on shares of Viper Energy in a research note on Monday, March 3rd. Barclays cut their target price on shares of Viper Energy from $60.00 to $57.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Mizuho began coverage on Viper Energy in a research report on Monday, March 31st. They set an "outperform" rating and a $56.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $57.15.

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.