Viper Energy (NASDAQ:VNOM) Hits New 52-Week High at $49.33

Viper Energy, Inc. (NASDAQ:VNOM)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $49.33 and last traded at $49.22, with a volume of 539159 shares changing hands. The stock had previously closed at $45.60.

Analyst Ratings Changes

A number of brokerages recently commented on VNOM. TD Securities lifted their price objective on Viper Energy from $43.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Piper Sandler lifted their price target on Viper Energy from $44.00 to $57.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Evercore ISI upped their price objective on shares of Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, July 8th. Barclays lifted their target price on shares of Viper Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Finally, Truist Financial increased their price target on shares of Viper Energy from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Viper Energy has a consensus rating of “Moderate Buy” and an average target price of $47.83.

Viper Energy Trading Down 4.4 %

The business has a 50-day simple moving average of $43.88 and a 200-day simple moving average of $39.84. The company has a market cap of $7.92 billion, a PE ratio of 16.47 and a beta of 1.73. The company has a quick ratio of 7.06, a current ratio of 7.06 and a debt-to-equity ratio of 0.35.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Monday, August 5th. The oil and gas producer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.19. The company had revenue of $216.71 million during the quarter, compared to analysts’ expectations of $216.28 million. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. Viper Energy’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS. On average, analysts predict that Viper Energy, Inc. will post 2.1 EPS for the current fiscal year.

Viper Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were paid a $0.30 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.68%. Viper Energy’s dividend payout ratio (DPR) is 44.12%.

Institutional Investors Weigh In On Viper Energy

Several large investors have recently bought and sold shares of VNOM. Wellington Management Group LLP grew its holdings in Viper Energy by 20.0% during the 4th quarter. Wellington Management Group LLP now owns 13,490,896 shares of the oil and gas producer’s stock worth $423,344,000 after acquiring an additional 2,246,219 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Viper Energy by 23.3% during the 1st quarter. Vanguard Group Inc. now owns 8,481,119 shares of the oil and gas producer’s stock worth $326,184,000 after buying an additional 1,603,333 shares during the last quarter. Capital World Investors boosted its position in shares of Viper Energy by 16.8% during the 1st 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 in the last quarter. Epoch Investment Partners Inc. boosted its position in shares of Viper Energy by 19.8% during the 1st quarter. Epoch Investment Partners Inc. now owns 3,001,411 shares of the oil and gas producer’s stock worth $115,434,000 after acquiring an additional 496,131 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Viper Energy by 12.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,085,841 shares of the oil and gas producer’s stock worth $78,282,000 after acquiring an additional 224,021 shares in the last quarter. Hedge funds and other 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.