Viper Energy, Inc. (NASDAQ:VNOM) Receives $59.55 Consensus PT from Analysts

Viper Energy, Inc. (NASDAQ:VNOM - Get Free Report) has been assigned a consensus rating of "Buy" from the eleven ratings firms that are covering the company, Marketbeat reports. Eleven investment analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $59.55.

Several research firms recently issued reports on VNOM. Truist Financial cut 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. JPMorgan Chase & Co. boosted their price target on shares of Viper Energy from $43.00 to $51.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Barclays raised their price objective on shares of Viper Energy from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Raymond James reaffirmed an "outperform" rating and set a $58.00 target price (down from $64.00) on shares of Viper Energy in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group began coverage on shares of Viper Energy in a research report on Monday, December 2nd. They issued a "buy" rating and a $70.00 price target for the company.

Viper Energy Trading Up 0.2 %

Shares of NASDAQ:VNOM traded up $0.11 during mid-day trading on Monday, reaching $50.47. 1,046,148 shares of the company were exchanged, compared to its average volume of 1,823,114. Viper Energy has a 1 year low of $34.45 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's 50-day simple moving average is $49.38 and its 200 day simple moving average is $49.39. The firm has a market cap of $10.75 billion, a price-to-earnings ratio of 21.66 and a beta of 1.71.

Viper Energy Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.65 per share. This is an increase 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 51.50%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. grew its position in shares of 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 buying an additional 214 shares during the last quarter. American Century Companies Inc. increased its position 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 worth $1,243,000 after purchasing an additional 268 shares in the last quarter. Savant Capital LLC lifted its holdings in shares of Viper Energy by 2.1% in the 4th quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer's stock valued at $706,000 after purchasing an additional 293 shares during the last quarter. Andina Capital Management LLC boosted its position in shares of Viper Energy by 2.5% in the 4th quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer's stock valued at $634,000 after purchasing an additional 312 shares during the period. Finally, Fulcrum Equity Management grew its stake in Viper Energy by 4.1% during the 3rd quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer's stock worth $430,000 after buying an additional 375 shares during the last quarter. Hedge funds and other 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.