Viper Energy, Inc. (NASDAQ:VNOM) Given Average Rating of “Buy” by Brokerages

Shares of Viper Energy, Inc. (NASDAQ:VNOM) have been given an average rating of “Buy” by the twelve research firms that are covering the stock, MarketBeat Ratings reports. Twelve analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $59.00.

A number of brokerages recently issued reports on VNOM. The Goldman Sachs Group set a $72.00 price target on shares of Viper Energy in a research note on Monday, March 3rd. JPMorgan Chase & Co. dropped their target price on Viper Energy from $56.00 to $51.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. 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 for the company. Wells Fargo & Company began coverage on Viper Energy in a report on Friday, March 14th. They issued an “overweight” rating and a $51.00 price objective on the stock. Finally, Barclays raised their target price on Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd.

Institutional Investors Weigh In On Viper Energy

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

Viper Energy Trading Up 0.1 %

NASDAQ:VNOM opened at $43.79 on Friday. Viper Energy has a 12-month low of $35.46 and a 12-month high of $56.76. The firm has a market cap of $9.33 billion, a PE ratio of 18.79 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 stock has a fifty day moving average price of $47.44 and a 200 day moving average price of $49.13.

Viper Energy Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th were given 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 presently 32.70%.

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.