Viper Energy (NASDAQ:VNOM) Shares Up 5.7% – What’s Next?

Shares of Viper Energy, Inc. (NASDAQ:VNOM) were up 5.7% during mid-day trading on Thursday . The stock traded as high as $41.54 and last traded at $41.30. Approximately 321,278 shares were traded during trading, a decline of 75% from the average daily volume of 1,276,194 shares. The stock had previously closed at $39.08.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VNOM. StockNews.com raised shares of Viper Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. Raymond James restated an “outperform” rating and issued a $58.00 target price (down previously from $64.00) on shares of Viper Energy in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price objective on shares of Viper Energy from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Barclays raised their target price on shares of Viper Energy from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Truist Financial decreased their price objective on Viper Energy from $78.00 to $68.00 and set a “buy” rating for the company in a report on Monday, February 3rd. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.62.

Viper Energy Trading Up 7.6 %

The company has a market cap of $8.96 billion, a price-to-earnings ratio of 18.06 and a beta of 1.23. 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 business’s 50 day moving average price is $43.90 and its 200-day moving average price is $48.42.

Viper Energy Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were issued a dividend of $0.65 per share. This is a boost 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%.

Hedge Funds Weigh In On Viper Energy

A number of hedge funds have recently bought and sold shares of VNOM. Vanguard Group Inc. raised its position in shares of Viper Energy by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 10,094,960 shares of the oil and gas producer’s stock valued at $495,360,000 after buying an additional 239,404 shares in the last quarter. FIL Ltd increased its stake in Viper Energy by 8.5% during the 4th quarter. FIL Ltd now owns 3,964,130 shares of the oil and gas producer’s stock worth $194,520,000 after acquiring an additional 310,890 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in Viper Energy by 20.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,309,425 shares of the oil and gas producer’s stock valued at $113,324,000 after acquiring an additional 389,473 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Viper Energy during the 4th quarter valued at $95,505,000. Finally, Geode Capital Management LLC grew its holdings in shares of Viper Energy by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 1,733,745 shares of the oil and gas producer’s stock worth $85,102,000 after purchasing an additional 35,084 shares in the last quarter. 87.72% of the stock is owned by institutional investors.

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.