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

Viper Energy, Inc. (NASDAQ:VNOM) has been given an average recommendation of “Buy” by the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $59.73.

VNOM has been the topic of several research reports. Evercore ISI upped their target price on Viper Energy from $45.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Truist Financial lowered 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. StockNews.com raised Viper Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. KeyCorp raised Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price objective on the stock in a report on Friday, December 13th. Finally, Raymond James reissued an “outperform” rating and set a $58.00 price objective (down previously from $64.00) on shares of Viper Energy in a report on Tuesday, February 4th.

Institutional Investors Weigh In On Viper Energy

Several hedge funds have recently made changes to their positions in the stock. First Horizon Advisors Inc. increased its holdings in shares of Viper Energy by 43.9% during the fourth quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock worth $34,000 after buying an additional 214 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Viper Energy by 1.1% during the fourth quarter. American Century Companies Inc. now owns 25,323 shares of the oil and gas producer’s stock valued at $1,243,000 after purchasing an additional 268 shares during the last quarter. Savant Capital LLC boosted its stake in Viper Energy by 2.1% in the fourth quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer’s stock valued at $706,000 after acquiring an additional 293 shares during the last quarter. Andina Capital Management LLC boosted its stake in Viper Energy by 2.5% in the fourth quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer’s stock valued at $634,000 after acquiring an additional 312 shares during the last quarter. Finally, Fulcrum Equity Management boosted its stake in Viper Energy by 4.1% in the third quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer’s stock valued at $430,000 after acquiring an additional 375 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.

Viper Energy Stock Down 1.8 %

Shares of Viper Energy stock opened at $41.46 on Friday. The stock has a 50-day moving average price of $47.86 and a 200 day moving average price of $49.21. The company has a market cap of $8.83 billion, a P/E ratio of 17.79 and a beta of 1.69. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy has a 1 year low of $35.46 and a 1 year high of $56.76.

Viper Energy Increases Dividend

The business also recently announced 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 a boost from Viper Energy’s previous dividend of $0.22. Viper Energy’s dividend payout ratio (DPR) is presently 32.70%.

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.