Viper Energy (NASDAQ:VNOM) Hits New 1-Year High at $40.59

Viper Energy, Inc. (NASDAQ:VNOM)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $40.59 and last traded at $40.02, with a volume of 29553 shares trading hands. The stock had previously closed at $40.14.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Raymond James dropped their target price on shares of 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 lowered their price objective on shares of Viper Energy from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. Truist Financial boosted their price objective on shares of Viper Energy from $47.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Barclays assumed coverage on shares of Viper Energy in a report on Wednesday. They set an “overweight” rating and a $44.00 price target for the company. Finally, StockNews.com lowered shares of Viper Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.50.

Viper Energy Trading Up 1.3 %

The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.32 and a current ratio of 4.32. The stock’s 50-day simple moving average is $36.12 and its 200-day simple moving average is $32.13. The firm has a market capitalization of $7.22 billion, a PE ratio of 15.11 and a beta of 1.79.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings data on Tuesday, February 20th. The oil and gas producer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.20. The business had revenue of $204.70 million for the quarter, compared to the consensus estimate of $204.61 million. Viper Energy had a net margin of 24.17% and a return on equity of 8.29%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 EPS. As a group, sell-side analysts expect that Viper Energy, Inc. will post 1.69 EPS for the current fiscal year.

Viper Energy Increases Dividend

The business also recently disclosed a None dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, March 5th were given a dividend of $0.56 per share. This is an increase from Viper Energy’s previous None dividend of $0.09. This represents a yield of 3%. The ex-dividend date of this dividend was Monday, March 4th. Viper Energy’s payout ratio is presently 40.00%.

Institutional Trading of Viper Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its position in shares of Viper Energy by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 62,727 shares of the oil and gas producer’s stock worth $1,994,000 after buying an additional 360 shares during the period. US Bancorp DE grew its position in shares of Viper Energy by 40.0% in the 4th quarter. US Bancorp DE now owns 1,400 shares of the oil and gas producer’s stock worth $44,000 after buying an additional 400 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Viper Energy by 22.2% in the 4th 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 during the period. ORG Partners LLC grew its position in shares of Viper Energy by 26.7% in the 4th quarter. ORG Partners LLC now owns 3,230 shares of the oil and gas producer’s stock worth $101,000 after buying an additional 680 shares during the period. Finally, Alps Advisors Inc. grew its position in shares of Viper Energy by 6.2% in the 3rd quarter. Alps Advisors Inc. now owns 11,811 shares of the oil and gas producer’s stock worth $329,000 after buying an additional 691 shares during the period. 87.72% of the stock is owned by hedge funds and other institutional investors.

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.