Viper Energy, Inc. (NASDAQ:VNOM) Receives $59.73 Average PT from Brokerages

Shares of Viper Energy, Inc. (NASDAQ:VNOM) have been assigned an average recommendation of “Buy” from the twelve analysts that are covering the stock, Marketbeat reports. Twelve investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $59.00.

A number of equities analysts recently commented on the company. Wells Fargo & Company assumed coverage on Viper Energy in a research report on Friday, March 14th. They set an “overweight” rating and a $51.00 price objective on the stock. Bank of America started coverage on Viper Energy in a report on Tuesday, November 26th. They set a “buy” rating and a $64.00 price target on the stock. Barclays upped their price objective on shares of Viper Energy from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Raymond James restated an “outperform” rating and set a $58.00 price objective (down from $64.00) on shares of Viper Energy in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Viper Energy from $56.00 to $51.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th.

Viper Energy Trading Up 0.1 %

VNOM opened at $43.79 on Friday. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 18.79 and a beta of 1.69. The company’s 50 day simple moving average is $47.44 and its two-hundred day simple moving average is $49.13. Viper Energy has a 1-year low of $35.46 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.

Viper Energy Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in Viper Energy during the 4th quarter worth about $25,000. Farther Finance Advisors LLC increased its stake in Viper Energy by 328.5% during the third quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 450 shares during the period. Quarry LP acquired a new stake in shares of Viper Energy during the fourth quarter worth about $32,000. Assetmark Inc. boosted its stake in shares of Viper Energy by 321.7% in the fourth 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. Finally, First Horizon Advisors Inc. boosted its stake 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 during the period. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

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.