Viper Energy (NASDAQ:VNOM) Price Target Raised to $55.00

Viper Energy (NASDAQ:VNOM) had its price target lifted by Mizuho from $54.00 to $55.00 in a research note released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the oil and gas producer’s stock.

Other equities research analysts also recently issued research reports about the stock. The Goldman Sachs Group set a $72.00 price objective on shares of Viper Energy in a research note on Monday, March 3rd. Bank of America reduced their target price on shares of Viper Energy from $53.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, May 23rd. Raymond James restated an “outperform” rating and set a $54.00 price target (up from $52.00) on shares of Viper Energy in a research note on Wednesday, May 28th. Barclays upped their price target on Viper Energy from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Wall Street Zen cut Viper Energy from a “hold” rating to a “sell” rating in a research report on Friday, May 30th. One research analyst has rated the stock with a sell rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $56.85.

Viper Energy Stock Up 2.8%

Shares of Viper Energy stock opened at $41.33 on Wednesday. The stock has a 50 day moving average price of $40.32 and a two-hundred day moving average price of $45.70. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy has a 12-month low of $34.71 and a 12-month high of $56.76. The stock has a market capitalization of $11.93 billion, a P/E ratio of 17.74 and a beta of 1.00.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.09. The firm had revenue of $245.00 million during the quarter, compared to analyst estimates of $233.99 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. During the same quarter in the previous year, the business earned $0.49 EPS. Equities analysts expect that Viper Energy will post 2.02 earnings per share for the current year.

Viper Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.90%. Viper Energy’s dividend payout ratio is currently 31.58%.

Hedge Funds Weigh In On Viper Energy

Several hedge funds have recently added to or reduced their stakes in VNOM. First Horizon Advisors Inc. increased its stake in Viper Energy by 43.9% in the fourth quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 214 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Viper Energy by 1.4% in the first quarter. Kestra Advisory Services LLC now owns 18,070 shares of the oil and gas producer’s stock worth $816,000 after acquiring an additional 249 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Viper Energy by 1.1% in the fourth quarter. American Century Companies Inc. now owns 25,323 shares of the oil and gas producer’s stock worth $1,243,000 after acquiring an additional 268 shares in the last quarter. Savant Capital LLC raised its position in shares of Viper Energy by 2.1% during 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. Finally, Segment Wealth Management LLC lifted its holdings in shares of Viper Energy by 3.9% during the 1st quarter. Segment Wealth Management LLC now owns 9,520 shares of the oil and gas producer’s stock valued at $430,000 after purchasing an additional 360 shares in the last quarter. Institutional investors and hedge funds 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.