Viper Energy (NASDAQ:VNOM) Shares Up 2.3% - Should You Buy?

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

Analyst Ratings Changes

VNOM has been the subject of a number of research reports. Wells Fargo & Company assumed coverage on Viper Energy in a research note on Friday, March 14th. They issued an "overweight" rating and a $51.00 target price for the company. Truist Financial reduced 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. StockNews.com raised shares of Viper Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. Barclays boosted their price objective 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, Evercore ISI increased their price objective on Viper Energy from $45.00 to $58.00 and gave the company an "outperform" rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Viper Energy presently has an average rating of "Moderate Buy" and a consensus price target of $58.77.

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Viper Energy Trading Down 9.5 %

The company has a market capitalization of $8.85 billion, a P/E ratio of 17.84 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 moving average price is $46.24 and its two-hundred day moving average price is $49.07.

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 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 was Thursday, March 6th. Viper Energy's dividend payout ratio (DPR) is 32.70%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new stake in shares of Viper Energy during the fourth quarter worth $25,000. Quarry LP bought a new position in Viper Energy during the 4th quarter worth about $32,000. Assetmark Inc. raised its stake in shares of 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 purchasing an additional 518 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Viper Energy by 43.9% in 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, Harvest Fund Management Co. Ltd acquired a new position in shares of Viper Energy during the fourth quarter worth about $55,000. Institutional investors and hedge funds 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.