Viper Energy, Inc. (NASDAQ:VNOM - Get Free Report) has been given an average rating of "Buy" by the seven brokerages that are currently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have covered the stock in the last year is $41.29.
VNOM has been the subject of a number of recent analyst reports. Barclays began coverage on shares of Viper Energy in a report on Wednesday, April 10th. They issued an "overweight" rating and a $44.00 target price for the company. TD Securities lifted their target price on Viper Energy from $40.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, May 1st. Truist Financial upped their price target on Viper Energy from $52.00 to $53.00 and gave the stock a "buy" rating in a research note on Thursday, May 2nd. Finally, Piper Sandler boosted their target price on Viper Energy from $36.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, April 19th.
Get Our Latest Report on Viper Energy
Institutional Trading of Viper Energy
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Viper Energy by 1,045.4% during the 4th quarter. Vanguard Group Inc. now owns 6,877,786 shares of the oil and gas producer's stock worth $215,825,000 after acquiring an additional 6,277,324 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Viper Energy by 20.0% in the 4th quarter. Wellington Management Group LLP now owns 13,490,896 shares of the oil and gas producer's stock valued at $423,344,000 after buying an additional 2,246,219 shares during the period. Scout Investments Inc. bought a new stake in shares of Viper Energy during the 4th quarter valued at about $40,808,000. Epoch Investment Partners Inc. grew its position in shares of Viper Energy by 91.6% during the 4th quarter. Epoch Investment Partners Inc. now owns 2,505,280 shares of the oil and gas producer's stock valued at $78,616,000 after buying an additional 1,197,567 shares during the last quarter. Finally, Capital World Investors raised its stake in Viper Energy by 16.8% during the first quarter. Capital World Investors now owns 6,410,968 shares of the oil and gas producer's stock worth $246,566,000 after acquiring an additional 923,276 shares during the period. Institutional investors and hedge funds own 87.72% of the company's stock.
Viper Energy Price Performance
VNOM stock traded up $0.26 during trading on Wednesday, hitting $38.19. The stock had a trading volume of 921,627 shares, compared to its average volume of 876,469. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 14.04 and a beta of 1.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.46 and a current ratio of 3.46. The company's 50 day moving average price is $38.26 and its two-hundred day moving average price is $34.95. Viper Energy has a 1-year low of $24.48 and a 1-year high of $41.22.
Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.15. The business had revenue of $205.39 million during the quarter, compared to analyst estimates of $200.63 million. Viper Energy had a net margin of 24.24% and a return on equity of 8.10%. On average, sell-side analysts forecast that Viper Energy will post 1.97 EPS for the current fiscal year.
Viper Energy Increases Dividend
The firm also recently disclosed a None dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This is an increase from Viper Energy's previous None dividend of $0.56. This represents a yield of 2.9%. Viper Energy's payout ratio is currently 39.71%.
Viper Energy Company Profile
(Get Free Report
Viper Energy, Inc owns and acquires mineral and royalty interests in oil and natural gas properties in the Permian Basin, North America. Viper Energy Partners GP LLC operates as the general partner of the company. The company was formerly known as Viper Energy Partners LP and changed its name to Viper Energy, Inc in November 2023.
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