Viper Energy (NASDAQ:VNOM) Stock Price Down 4.2% - What's Next?

Viper Energy, Inc. (NASDAQ:VNOM - Get Free Report)'s stock price traded down 4.2% during trading on Wednesday . The company traded as low as $43.15 and last traded at $43.02. 113,032 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 1,221,640 shares. The stock had previously closed at $44.90.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Evercore ISI lifted 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. KeyCorp raised shares of Viper Energy from a "sector weight" rating to an "overweight" rating and set a $62.00 price target on the stock in a research report on Friday, December 13th. JPMorgan Chase & Co. lifted their price target on shares of Viper Energy from $43.00 to $51.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Barclays boosted their target price on shares of Viper Energy from $58.00 to $60.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Finally, Truist Financial dropped their target price on shares of Viper Energy from $78.00 to $68.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.55.

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Viper Energy Price Performance

The stock has a market cap of $8.81 billion, a P/E ratio of 17.75 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. The company's fifty day simple moving average is $48.48 and its 200-day simple moving average is $49.40.

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 $0.65 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from Viper Energy's previous dividend of $0.22. Viper Energy's payout ratio is 32.70%.

Institutional Investors Weigh In On Viper Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Golden State Wealth Management LLC bought a new stake in Viper Energy in the 4th quarter valued at $25,000. Farther Finance Advisors LLC increased its holdings in Viper Energy by 328.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer's stock valued at $26,000 after buying an additional 450 shares during the period. Quarry LP bought a new stake in Viper Energy in the 4th quarter valued at $32,000. Assetmark Inc. increased 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 valued at $33,000 after buying an additional 518 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake 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 purchasing an additional 214 shares in the last quarter. 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.