Viper Energy (NASDAQ:VNOM) Earns Outperform Rating from Analysts at Mizuho

Mizuho assumed coverage on shares of Viper Energy (NASDAQ:VNOM) in a report issued on Monday morning, Marketbeat reports. The firm issued an outperform rating and a $56.00 price target on the oil and gas producer’s stock.

Several other research firms have also issued reports on VNOM. Barclays raised their price target 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. Piper Sandler lowered their price target on Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. JPMorgan Chase & Co. cut their price target on Viper Energy from $56.00 to $51.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. The Goldman Sachs Group set a $72.00 price objective on Viper Energy in a report on Monday, March 3rd. Finally, Raymond James restated an “outperform” rating and issued a $58.00 target price (down from $64.00) on shares of Viper Energy in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $58.77.

Viper Energy Trading Up 0.8 %

Shares of Viper Energy stock opened at $45.94 on Monday. Viper Energy has a 1 year low of $35.46 and a 1 year high of $56.76. The company’s fifty day simple moving average is $46.24 and its 200-day simple moving average is $49.07. The company has a market cap of $9.79 billion, a price-to-earnings ratio of 19.72 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.

Viper Energy Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were issued a $0.65 dividend. This is a positive change from Viper Energy’s previous dividend of $0.22. The ex-dividend date was Thursday, March 6th. Viper Energy’s dividend payout ratio is presently 32.70%.

Hedge Funds Weigh In On Viper Energy

Several institutional investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in Viper Energy during the fourth quarter worth about $25,000. Quarry LP acquired a new position in shares of Viper Energy in the 4th quarter worth approximately $32,000. Assetmark Inc. grew its position in Viper Energy by 321.7% during the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 518 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in Viper Energy by 43.9% during the 4th 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 bought a new position in Viper Energy in the 4th quarter valued at $55,000. 87.72% of the stock is owned by 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.