Viper Energy, Inc. (NASDAQ:VNOM) Given Average Recommendation of “Buy” by Analysts

Shares of Viper Energy, Inc. (NASDAQ:VNOM) have received a consensus recommendation of “Buy” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. Eleven investment analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have issued a report on the stock in the last year is $59.55.

A number of research firms have weighed in on VNOM. Evercore ISI lifted their price objective on Viper Energy from $45.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Piper Sandler decreased their price objective on Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Bank of America began coverage on Viper Energy in a report on Tuesday, November 26th. They set a “buy” rating and a $64.00 price objective on the stock. Truist Financial decreased their price objective on Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Finally, Barclays lifted their price objective on Viper Energy from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, February 3rd.

Viper Energy Trading Down 1.2 %

Shares of VNOM opened at $49.41 on Monday. Viper Energy has a 12-month low of $33.03 and a 12-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 firm has a market capitalization of $10.53 billion, a price-to-earnings ratio of 21.21 and a beta of 1.71. The stock’s 50-day moving average price is $49.41 and its 200 day moving average price is $49.26.

Viper Energy Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th will be given 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 is Thursday, March 6th. Viper Energy’s payout ratio is presently 51.50%.

Institutional Trading of Viper Energy

Several institutional investors and hedge funds have recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new stake in shares of Viper Energy in the 4th quarter valued at $25,000. Farther Finance Advisors LLC boosted its stake in shares of Viper Energy by 328.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 450 shares during the last quarter. Quarry LP acquired a new stake in Viper Energy in the 4th quarter valued at about $32,000. Assetmark Inc. lifted its stake in Viper Energy by 321.7% in the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 518 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in Viper Energy by 43.9% in the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 214 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.

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.