Viper Energy (NASDAQ:VNOM) Stock Price Up 2.3% - What's Next?

Viper Energy, Inc. (NASDAQ:VNOM - Get Free Report) traded up 2.3% during mid-day trading on Monday . The company traded as high as $45.18 and last traded at $45.20. 149,079 shares were traded during trading, a decline of 88% from the average session volume of 1,231,538 shares. The stock had previously closed at $44.19.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VNOM shares. Truist Financial lowered their price target on Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Barclays upped their price objective on Viper Energy from $58.00 to $60.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. 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 report on Friday, December 13th. Piper Sandler cut their target price on Viper Energy from $64.00 to $63.00 and set an "overweight" rating for the company in a research report on Tuesday, December 17th. Finally, Wells Fargo & Company began coverage on shares of Viper Energy in a report on Friday, March 14th. They issued an "overweight" rating and a $51.00 price target on the stock. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $58.77.

Viper Energy Stock Down 9.4 %

The company has a market capitalization of $8.02 billion, a PE ratio of 16.15 and a beta of 1.69. 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 business's 50 day simple moving average is $46.10 and its 200 day simple moving average is $49.02.

Viper Energy Increases Dividend

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

Institutional Investors Weigh In On Viper Energy

A number of institutional investors have recently made changes to their positions in VNOM. California State Teachers Retirement System increased its holdings in Viper Energy by 10.4% in the 4th quarter. California State Teachers Retirement System now owns 96,293 shares of the oil and gas producer's stock valued at $4,725,000 after purchasing an additional 9,035 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Viper Energy in the 4th quarter valued at $86,000. GF Fund Management CO. LTD. acquired a new position in Viper Energy during the 4th quarter worth about $1,550,000. GTS Securities LLC boosted its holdings in Viper Energy by 91.6% during the 4th quarter. GTS Securities LLC now owns 18,771 shares of the oil and gas producer's stock valued at $921,000 after acquiring an additional 8,973 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Viper Energy by 14.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 166,652 shares of the oil and gas producer's stock valued at $8,178,000 after acquiring an additional 21,582 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

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.