Viper Energy (NASDAQ:VNOM) PT Raised to $53.00 at Truist Financial

Viper Energy (NASDAQ:VNOM) had its price target raised by Truist Financial from $52.00 to $53.00 in a report issued on Thursday, Benzinga reports. They currently have a buy rating on the oil and gas producer’s stock.

Several other equities research analysts also recently issued reports on the stock. StockNews.com downgraded shares of Viper Energy from a buy rating to a hold rating in a research report on Tuesday, January 9th. TD Securities lifted their price target on Viper Energy from $40.00 to $42.00 and gave the company a buy rating in a research note on Wednesday, May 1st. Raymond James reduced their price objective on Viper Energy from $38.00 to $37.00 and set an outperform rating for the company in a research report on Wednesday, January 24th. Piper Sandler lifted their target price on Viper Energy from $36.00 to $43.00 and gave the company an overweight rating in a research report on Friday, April 19th. Finally, Barclays initiated coverage on Viper Energy in a research note on Wednesday, April 10th. They issued an overweight rating and a $44.00 target price on the stock. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $41.29.

Viper Energy Stock Performance

VNOM stock opened at $37.62 on Thursday. Viper Energy has a 1-year low of $24.48 and a 1-year high of $41.22. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.38. The firm has a market cap of $6.65 billion, a PE ratio of 13.83 and a beta of 1.78. The business’s 50-day moving average price is $37.88 and its two-hundred day moving average price is $33.39.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings data on Tuesday, February 20th. The oil and gas producer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.20. Viper Energy had a return on equity of 8.38% and a net margin of 24.24%. The business had revenue of $204.70 million for the quarter, compared to analysts’ expectations of $204.61 million. During the same quarter in the previous year, the business posted $0.28 EPS. Viper Energy’s revenue for the quarter was up .5% on a year-over-year basis. As a group, research analysts forecast that Viper Energy will post 1.87 earnings per share for the current year.

Viper Energy Increases Dividend

The company also recently announced a None dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 15th will be issued a dividend of $0.59 per share. This represents a yield of 2.9%. This is an increase from Viper Energy’s previous None dividend of $0.56. The ex-dividend date is Tuesday, May 14th. Viper Energy’s payout ratio is presently 39.71%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VNOM. Parkside Financial Bank & Trust increased its holdings in shares of Viper Energy by 22.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,013 shares of the oil and gas producer’s stock worth $95,000 after acquiring an additional 547 shares during the last quarter. ORG Partners LLC lifted its position in Viper Energy by 26.7% during the fourth quarter. ORG Partners LLC now owns 3,230 shares of the oil and gas producer’s stock worth $101,000 after acquiring an additional 680 shares during the last quarter. Alps Advisors Inc. grew its position in shares of Viper Energy by 6.2% in the third quarter. Alps Advisors Inc. now owns 11,811 shares of the oil and gas producer’s stock valued at $329,000 after purchasing an additional 691 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Viper Energy by 4.4% during the fourth quarter. Arizona State Retirement System now owns 19,266 shares of the oil and gas producer’s stock worth $605,000 after purchasing an additional 812 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Viper Energy by 1.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 69,655 shares of the oil and gas producer’s stock valued at $2,679,000 after purchasing an additional 909 shares during the period. Institutional investors own 87.72% of the company’s stock.

About Viper Energy

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.