Viper Energy, Inc. (NASDAQ:VNOM) Short Interest Update

Viper Energy, Inc. (NASDAQ:VNOM - Get Free Report) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 6,200,000 shares, a drop of 14.8% from the February 13th total of 7,280,000 shares. Based on an average daily volume of 1,610,000 shares, the short-interest ratio is currently 3.9 days. Approximately 2.9% of the company's stock are short sold.

Viper Energy Stock Performance

NASDAQ:VNOM traded down $1.14 during mid-day trading on Friday, hitting $44.23. 3,753,853 shares of the company's stock traded hands, compared to its average volume of 1,199,430. The firm has a market capitalization of $9.42 billion, a price-to-earnings ratio of 18.98 and a beta of 1.69. The firm has a 50 day moving average of $47.13 and a two-hundred day moving average of $49.05. 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 12 month low of $35.46 and a 12 month high of $56.76.

Viper Energy Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were given a $0.65 dividend. This is a boost from Viper Energy's previous dividend of $0.22. The ex-dividend date was Thursday, March 6th. Viper Energy's dividend payout ratio is currently 32.70%.

Hedge Funds Weigh In On Viper Energy

A number of institutional investors and hedge funds have recently bought and sold shares of VNOM. Golden State Wealth Management LLC acquired a new stake in Viper Energy in the 4th quarter worth $25,000. Quarry LP bought a new stake in shares of Viper Energy in the fourth quarter valued at about $32,000. Assetmark Inc. grew its position in Viper Energy by 321.7% during the fourth quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock worth $33,000 after buying an additional 518 shares in the last quarter. First Horizon Advisors Inc. increased its stake 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 acquiring an additional 214 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in Viper Energy in the 4th quarter valued at approximately $55,000. Institutional investors own 87.72% of the company's stock.

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Analysts Set New Price Targets

A number of research firms recently commented on VNOM. Bank of America assumed coverage on Viper Energy in a report on Tuesday, November 26th. They issued a "buy" rating and a $64.00 price objective on the stock. Wells Fargo & Company began coverage on shares of Viper Energy in a research note on Friday, March 14th. They set an "overweight" rating and a $51.00 price target on the stock. StockNews.com raised shares of Viper Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group set a $72.00 price objective on shares of Viper Energy in a report on Monday, March 3rd. Finally, Raymond James restated an "outperform" rating and set a $58.00 target price (down from $64.00) on shares of Viper Energy in a report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $59.00.

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.