Viper Energy, Inc. (NASDAQ:VNOM) Receives Consensus Rating of “Buy” from Brokerages

Shares of Viper Energy, Inc. (NASDAQ:VNOM) have been assigned an average rating of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have covered the stock in the last year is $45.71.

VNOM has been the subject of several recent research reports. Evercore ISI boosted their price target on shares of Viper Energy from $37.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, July 8th. TD Securities boosted their price target on shares of Viper Energy from $43.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Barclays boosted their price target 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. Piper Sandler boosted their price target on shares of Viper Energy from $44.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Finally, Truist Financial boosted their price target on shares of Viper Energy from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th.

Viper Energy Stock Up 2.1 %

VNOM opened at $47.41 on Monday. The company has a fifty day moving average price of $41.51 and a 200-day moving average price of $38.76. The firm has a market capitalization of $8.38 billion, a P/E ratio of 17.43 and a beta of 1.74. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 7.06. Viper Energy has a one year low of $26.71 and a one year high of $48.04.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19. Viper Energy had a net margin of 25.63% and a return on equity of 8.46%. The company had revenue of $216.71 million during the quarter, compared to the consensus estimate of $216.28 million. During the same period in the previous year, the firm posted $0.47 EPS. The firm’s revenue was up 34.8% compared to the same quarter last year. Equities research analysts expect that Viper Energy will post 2.06 earnings per share for the current fiscal year.

Viper Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, August 15th. Viper Energy’s payout ratio is 44.12%.

Hedge Funds Weigh In On Viper Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in shares of Viper Energy during the second quarter valued at about $36,000. Plato Investment Management Ltd grew its holdings in Viper Energy by 119.2% in the second quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock worth $106,000 after purchasing an additional 1,541 shares during the period. ORG Partners LLC grew its holdings in Viper Energy by 962.3% in the second quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock worth $107,000 after purchasing an additional 2,550 shares during the period. Larson Financial Group LLC grew its holdings in Viper Energy by 94.4% in the first quarter. Larson Financial Group LLC now owns 4,158 shares of the oil and gas producer’s stock worth $160,000 after purchasing an additional 2,019 shares during the period. Finally, Sandia Investment Management LP purchased a new stake in Viper Energy in the first quarter worth about $192,000. 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.