Viper Energy (NASDAQ:VNOM) Price Target Increased to $53.00 by Analysts at Truist Financial

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

VNOM has been the topic of a number of other reports. Piper Sandler boosted their price target on shares of Viper Energy from $36.00 to $43.00 and gave the company an overweight rating in a research report on Friday, April 19th. StockNews.com lowered shares of Viper Energy from a buy rating to a hold rating in a research report on Tuesday, January 9th. Raymond James reduced their target price on shares of Viper Energy from $38.00 to $37.00 and set an outperform rating on the stock in a research report on Wednesday, January 24th. Barclays started coverage on shares of Viper Energy in a research report on Wednesday, April 10th. They set an overweight rating and a $44.00 target price on the stock. Finally, TD Securities increased their price objective on shares of Viper Energy from $40.00 to $42.00 and gave the company a buy rating in a report on Wednesday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $41.29.

Viper Energy Price Performance

NASDAQ:VNOM opened at $37.62 on Thursday. The firm has a market cap of $6.65 billion, a PE ratio of 13.83 and a beta of 1.78. Viper Energy has a 12 month low of $24.48 and a 12 month high of $41.22. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $37.88 and its two-hundred day moving average price is $33.36.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.20. The firm had revenue of $204.70 million for the quarter, compared to analyst estimates of $204.61 million. Viper Energy had a net margin of 24.24% and a return on equity of 8.38%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 earnings per share. On average, equities analysts anticipate that Viper Energy will post 1.87 EPS for the current fiscal year.

Viper Energy Increases Dividend

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

Institutional Investors Weigh In On Viper Energy

Several large investors have recently bought and sold shares of VNOM. Chilton Capital Management LLC bought a new stake in Viper Energy in the fourth quarter valued at approximately $63,000. Parkside Financial Bank & Trust increased its position in shares of 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 acquiring an additional 547 shares in the last quarter. ORG Partners LLC increased its position in shares of 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 in the last quarter. Adalta Capital Management LLC bought a new stake in shares of Viper Energy during the third quarter worth $139,000. Finally, Larson Financial Group LLC increased its position in shares of Viper Energy by 94.4% during the first quarter. Larson Financial Group LLC now owns 4,158 shares of the oil and gas producer’s stock worth $160,000 after acquiring an additional 2,019 shares in the last quarter. 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.