Virtu Financial LLC Lowers Stock Position in Viper Energy, Inc. (NASDAQ:VNOM)

Virtu Financial LLC reduced its position in Viper Energy, Inc. (NASDAQ:VNOM) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,688 shares of the oil and gas producer’s stock after selling 485 shares during the quarter. Virtu Financial LLC’s holdings in Viper Energy were worth $230,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Viper Energy by 4,836.9% in the 3rd quarter. FMR LLC now owns 74,596 shares of the oil and gas producer’s stock worth $3,365,000 after purchasing an additional 73,085 shares during the period. Geode Capital Management LLC increased its position in Viper Energy by 16.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer’s stock worth $76,647,000 after purchasing an additional 234,048 shares in the last quarter. Retirement Systems of Alabama purchased a new position in Viper Energy in the third quarter valued at approximately $12,980,000. Principal Financial Group Inc. lifted its position in Viper Energy by 3,200.2% during the third quarter. Principal Financial Group Inc. now owns 235,307 shares of the oil and gas producer’s stock valued at $10,615,000 after buying an additional 228,177 shares in the last quarter. Finally, Barclays PLC grew its stake in Viper Energy by 103.3% during the third quarter. Barclays PLC now owns 43,962 shares of the oil and gas producer’s stock worth $1,982,000 after buying an additional 22,334 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Piper Sandler cut their target price on shares of Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Evercore ISI raised their price objective on Viper Energy from $45.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Barclays upped their target price on Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. The Goldman Sachs Group set a $72.00 target price on Viper Energy in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. reduced their price target on Viper Energy from $56.00 to $51.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $59.00.

Viper Energy Stock Performance

Viper Energy stock opened at $44.19 on Friday. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average of $46.53 and a 200-day moving average of $49.00. The stock has a market cap of $9.41 billion, a P/E ratio of 18.97 and a beta of 1.69. Viper Energy, Inc. has a 52 week low of $35.46 and a 52 week high of $56.76.

Viper Energy Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.65 per share. 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 (DPR) is currently 32.70%.

Viper Energy 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.