Short Interest in Viper Energy Inc. (NASDAQ:VNOM) Increases By 37.6%

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 short sold. Based on an average daily trading volume, of 2,415,755 shares, the short-interest ratio is currently 5.6 days. Based on an average daily trading volume, of 2,415,755 shares, the short-interest ratio is currently 5.6 days. Approximately 3.8% of the shares of the company are short sold.

Viper Energy Stock Up 1.2%

NASDAQ VNOM opened at $44.25 on Monday. Viper Energy has a 1-year low of $34.71 and a 1-year high of $51.47. The company has a market capitalization of $15.91 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 27.96 and a beta of 0.51. The stock’s 50 day moving average is $39.56 and its two-hundred day moving average is $38.44. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Beacon Pointe Advisors LLC bought a new stake in Viper Energy in the second quarter valued at approximately $608,000. JPMorgan Chase & Co. grew its holdings in shares of Viper Energy by 15.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 303,909 shares of the oil and gas producer’s stock valued at $11,588,000 after buying an additional 39,867 shares during the period. Trilogy Capital Inc. increased its position in shares of Viper Energy by 190.4% in the 3rd quarter. Trilogy Capital Inc. now owns 59,960 shares of the oil and gas producer’s stock valued at $2,292,000 after buying an additional 39,315 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in Viper Energy during the 2nd quarter worth $505,000. Finally, Howard Financial Services LTD. lifted its holdings in Viper Energy by 140.6% during the third quarter. Howard Financial Services LTD. now owns 48,760 shares of the oil and gas producer’s stock worth $1,864,000 after acquiring an additional 28,498 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on VNOM shares. Wells Fargo & Company upped their target price on shares of Viper Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Piper Sandler cut their price objective on shares of Viper Energy from $68.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. Mizuho increased their target price on shares of Viper Energy from $51.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Barclays lowered their price target on Viper Energy from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Viper Energy in a research report on Wednesday, January 21st. Thirteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.71.

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.