Viper Energy (NASDAQ:VNOM) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Viper Energy (NASDAQ:VNOM) from a sell rating to a hold rating in a report issued on Tuesday.

Several other research firms have also issued reports on VNOM. Bank of America began coverage on Viper Energy in a report on Tuesday, November 26th. They set a “buy” rating and a $64.00 target price on the stock. Piper Sandler decreased their target price on shares of Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. JPMorgan Chase & Co. boosted their target price 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. Raymond James reiterated an “outperform” rating and set a $58.00 price target (down previously from $64.00) on shares of Viper Energy in a research report on Tuesday, February 4th. Finally, Evercore ISI boosted their price objective 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. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.55.

Viper Energy Trading Up 2.0 %

Shares of NASDAQ:VNOM opened at $45.54 on Tuesday. The business’s 50 day simple moving average is $49.00 and its 200 day simple moving average is $49.49. Viper Energy has a 1 year low of $34.45 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. The company has a market capitalization of $9.70 billion, a P/E ratio of 19.55 and a beta of 1.71.

Viper Energy Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.65 per share. The ex-dividend date is Thursday, March 6th. This is an increase from Viper Energy’s previous dividend of $0.22. Viper Energy’s dividend payout ratio is 32.70%.

Institutional Investors Weigh In On Viper Energy

Several hedge funds have recently modified their holdings of the company. First Horizon Advisors Inc. increased its holdings in 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 worth $34,000 after purchasing an additional 214 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Viper Energy by 1.1% during the fourth quarter. American Century Companies Inc. now owns 25,323 shares of the oil and gas producer’s stock worth $1,243,000 after purchasing an additional 268 shares during the last quarter. Savant Capital LLC increased its stake in shares of Viper Energy by 2.1% in the fourth quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer’s stock valued at $706,000 after buying an additional 293 shares during the period. Andina Capital Management LLC raised its holdings in Viper Energy by 2.5% in the 4th quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer’s stock valued at $634,000 after buying an additional 312 shares during the last quarter. Finally, Fulcrum Equity Management raised its holdings in Viper Energy by 4.1% in the 3rd quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer’s stock valued at $430,000 after buying an additional 375 shares during the last quarter. Institutional investors and hedge funds 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.