Viper Energy, Inc. (NASDAQ:VNOM) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Viper Energy, Inc. (NASDAQ:VNOM) have received a consensus rating of “Buy” from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. Thirteen research analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have covered the stock in the last year is $57.15.

Several equities analysts have recently issued reports on the company. Barclays lowered their price target on Viper Energy from $60.00 to $57.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Mizuho began coverage on shares of Viper Energy in a research note on Monday, March 31st. They issued an “outperform” rating and a $56.00 target price on the stock. Evercore ISI raised their price target on shares of Viper Energy from $45.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Piper Sandler lowered their price objective on Viper Energy from $63.00 to $62.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Finally, StockNews.com raised Viper Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th.

Viper Energy Stock Performance

Viper Energy stock opened at $42.08 on Friday. The stock’s 50 day moving average is $41.93 and its 200 day moving average is $47.72. The company has a market capitalization of $8.97 billion, a P/E ratio of 18.06 and a beta of 1.23. Viper Energy has a twelve month low of $34.71 and a twelve 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.

Viper Energy Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were given a dividend of $0.65 per share. The ex-dividend date was Thursday, March 6th. This is a positive change from Viper Energy’s previous dividend of $0.22. Viper Energy’s dividend payout ratio is presently 32.70%.

Hedge Funds Weigh In On Viper Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new position in Viper Energy in the fourth quarter worth approximately $25,000. Quarry LP bought a new position in Viper Energy in the 4th quarter worth $32,000. Assetmark Inc. raised its holdings in Viper Energy by 321.7% in the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 518 shares during the period. First Horizon Advisors Inc. lifted its position in 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 valued at $34,000 after purchasing an additional 214 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Viper Energy by 129.0% during the first quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 414 shares during the period. Hedge funds and other institutional investors own 87.72% of the company’s stock.

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.