Viper Energy (NASDAQ:VNOM) Now Covered by Analysts at Mizuho

Mizuho initiated coverage on shares of Viper Energy (NASDAQ:VNOM) in a research note published on Monday morning, Marketbeat.com reports. The firm issued an outperform rating and a $56.00 price objective on the oil and gas producer’s stock.

VNOM has been the topic of a number of other research reports. Wells Fargo & Company initiated coverage on Viper Energy in a research report on Friday, March 14th. They issued an “overweight” rating and a $51.00 target price on the stock. Piper Sandler dropped their price objective on shares of Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. KeyCorp raised shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 target price for the company in a report on Friday, December 13th. StockNews.com raised shares of Viper Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Evercore ISI lifted their price objective on Viper Energy from $45.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Viper Energy presently has an average rating of “Moderate Buy” and an average target price of $58.77.

Viper Energy Stock Performance

Shares of VNOM stock opened at $45.15 on Monday. The business has a fifty day moving average of $46.40 and a 200 day moving average of $49.07. Viper Energy has a 1 year low of $35.46 and a 1 year high of $56.76. 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 capitalization of $9.62 billion, a price-to-earnings ratio of 19.38 and a beta of 1.69.

Viper Energy Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were issued a $0.65 dividend. This is a positive change 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 (DPR) is presently 32.70%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in VNOM. Charles Schwab Investment Management Inc. raised its position in Viper Energy by 11.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 625,261 shares of the oil and gas producer’s stock worth $28,206,000 after acquiring an additional 66,222 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Viper Energy by 424.4% in the third quarter. The Manufacturers Life Insurance Company now owns 70,778 shares of the oil and gas producer’s stock valued at $3,193,000 after purchasing an additional 57,281 shares during the period. FMR LLC raised its position in shares of Viper Energy by 4,836.9% during 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 last quarter. BNP Paribas Financial Markets lifted its stake in Viper Energy by 5.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 99,781 shares of the oil and gas producer’s stock valued at $4,501,000 after buying an additional 4,808 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in Viper Energy by 1,773.0% in the 3rd quarter. MetLife Investment Management LLC now owns 53,774 shares of the oil and gas producer’s stock valued at $2,426,000 after buying an additional 50,903 shares in the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

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.