Viper Energy (NASDAQ:VNOM) Coverage Initiated at Mizuho

Equities researchers at Mizuho assumed coverage on shares of Viper Energy (NASDAQ:VNOM) in a research note issued on Monday, Marketbeat reports. The brokerage set an “outperform” rating and a $56.00 price target on the oil and gas producer’s stock. Mizuho’s price target points to a potential upside of 22.89% from the stock’s previous close.

Several other analysts also recently commented on the company. The Goldman Sachs Group set a $72.00 target price on Viper Energy in a research note on Monday, March 3rd. JPMorgan Chase & Co. decreased their target price on Viper Energy from $56.00 to $51.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company initiated coverage on shares of Viper Energy in a research note on Friday, March 14th. They set an “overweight” rating and a $51.00 target price on the stock. Truist Financial reduced their price target on shares of Viper Energy from $78.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, KeyCorp upgraded shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price objective on the stock in a research report on Friday, December 13th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Viper Energy has an average rating of “Moderate Buy” and a consensus price target of $58.77.

Viper Energy Trading Up 0.9 %

Shares of NASDAQ VNOM opened at $45.57 on Monday. The firm’s 50 day moving average price is $46.31 and its 200-day moving average price is $49.09. Viper Energy has a 52-week low of $35.46 and a 52-week high of $56.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The company has a market cap of $9.71 billion, a PE ratio of 19.56 and a beta of 1.69.

Institutional Trading of Viper Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of VNOM. First Horizon Advisors Inc. lifted its position in shares of 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 buying an additional 214 shares in the last quarter. American Century Companies Inc. lifted its holdings in 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 valued at $1,243,000 after purchasing an additional 268 shares in the last quarter. Savant Capital LLC boosted its position 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 worth $706,000 after purchasing an additional 293 shares during the period. Andina Capital Management LLC increased its stake in shares of Viper Energy by 2.5% in the fourth quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer’s stock worth $634,000 after purchasing an additional 312 shares in the last quarter. Finally, Fulcrum Equity Management raised its position in shares of Viper Energy by 4.1% during the 3rd quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer’s stock valued at $430,000 after purchasing an additional 375 shares during the period. Hedge funds and other institutional investors own 87.72% of the company’s stock.

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.