Viper Energy Inc. (NASDAQ:VNOM) Short Interest Update

Viper Energy Inc. (NASDAQ:VNOM) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 13,449,119 shares, an increase of 37.6% from the January 15th total of 9,777,400 shares. Approximately 3.8% of the shares of the company are sold short. Based on an average trading volume of 2,415,755 shares, the days-to-cover ratio is currently 5.6 days. Based on an average trading volume of 2,415,755 shares, the days-to-cover ratio is currently 5.6 days. Approximately 3.8% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Mizuho lifted their target price on Viper Energy from $51.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Wells Fargo & Company lifted their price objective on shares of Viper Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Viper Energy in a report on Wednesday, January 21st. Barclays decreased their price objective on Viper Energy from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, January 21st. Finally, Morgan Stanley decreased their price objective on shares of Viper Energy from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Thirteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $52.71.

Institutional Trading of Viper Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Viper Energy by 28.0% in the third quarter. Vanguard Group Inc. now owns 16,906,846 shares of the oil and gas producer’s stock worth $646,180,000 after buying an additional 3,699,141 shares during the last quarter. Capital World Investors boosted its stake in Viper Energy by 4.0% during the 4th quarter. Capital World Investors now owns 12,916,557 shares of the oil and gas producer’s stock valued at $498,967,000 after purchasing an additional 493,203 shares during the period. Oaktree Capital Management LP acquired a new stake in Viper Energy in the 3rd quarter valued at approximately $240,215,000. State Street Corp lifted its holdings in shares of Viper Energy by 2.9% during the second quarter. State Street Corp now owns 5,197,538 shares of the oil and gas producer’s stock worth $198,182,000 after buying an additional 148,503 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Viper Energy by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 4,986,716 shares of the oil and gas producer’s stock valued at $192,672,000 after acquiring an additional 258,082 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Stock Performance

NASDAQ:VNOM opened at $44.25 on Friday. The business’s fifty day moving average price is $39.56 and its 200 day moving average price is $38.43. Viper Energy has a 12 month low of $34.71 and a 12 month high of $51.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market capitalization of $15.91 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 27.96 and a beta of 0.51.

Viper Energy Company Profile

Viper Energy Partners LP is a publicly traded master limited partnership that owns and intends to acquire mineral and royalty interests in oil and natural gas properties. As a pass-through entity, Viper Energy Partners does not engage in drilling or production operations directly; instead, it generates revenues by holding overriding royalty interests, mineral fee interests and royalty fee interests. These interests entitle the partnership to receive a percentage of the proceeds from hydrocarbons produced and sold by third-party operators.

The partnership’s assets are concentrated in the Permian Basin, with a primary focus on the Delaware Basin region of West Texas and southeastern New Mexico.