Viper Energy (NASDAQ:VNOM) Price Target Raised to $45.00

Viper Energy (NASDAQ:VNOM) had its price target lifted by Evercore ISI from $37.00 to $45.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have an outperform rating on the oil and gas producer’s stock.

A number of other equities research analysts have also recently issued reports on VNOM. Truist Financial upped their price objective on Viper Energy from $52.00 to $53.00 and gave the stock a buy rating in a research note on Thursday, May 2nd. Piper Sandler raised their target price on shares of Viper Energy from $36.00 to $43.00 and gave the company an overweight rating in a research note on Friday, April 19th. Barclays began coverage on Viper Energy in a research report on Wednesday, April 10th. They set an overweight rating and a $44.00 price target on the stock. Finally, TD Securities lifted their target price on Viper Energy from $40.00 to $42.00 and gave the stock a buy rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $42.43.

Viper Energy Price Performance

Shares of VNOM stock opened at $39.57 on Monday. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 14.31 and a beta of 1.74. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.38. The firm has a fifty day moving average of $37.55 and a 200-day moving average of $35.92. Viper Energy has a 12-month low of $25.26 and a 12-month high of $41.22.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.15. Viper Energy had a return on equity of 8.10% and a net margin of 24.24%. The firm had revenue of $205.39 million during the quarter, compared to analysts’ expectations of $200.63 million. On average, equities research analysts forecast that Viper Energy will post 1.97 earnings per share for the current year.

Viper Energy Increases Dividend

The firm also recently declared a None dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 15th were paid a $0.59 dividend. 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 dividend yield of 2.9%. Viper Energy’s dividend payout ratio is 39.71%.

Institutional Trading of Viper Energy

A number of institutional investors have recently bought and sold shares of VNOM. Chilton Capital Management LLC bought a new position in shares of Viper Energy during the fourth quarter worth approximately $63,000. Parkside Financial Bank & Trust grew its position in Viper Energy by 22.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,013 shares of the oil and gas producer’s stock worth $95,000 after buying an additional 547 shares in the last quarter. ORG Partners LLC increased its stake in Viper Energy by 26.7% during the 4th 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 period. Larson Financial Group LLC raised its holdings in Viper Energy by 94.4% in the 1st quarter. Larson Financial Group LLC now owns 4,158 shares of the oil and gas producer’s stock valued at $160,000 after acquiring an additional 2,019 shares in the last quarter. Finally, Sandia Investment Management LP bought a new stake in shares of Viper Energy during the 1st quarter valued at $192,000. Institutional investors own 87.72% of the company’s stock.

Viper Energy Company Profile

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.