Truist Financial upgraded shares of Viper Energy (NASDAQ:VNOM – Free Report) to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.
VNOM has been the topic of a number of other research reports. Wall Street Zen upgraded Viper Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Piper Sandler raised their price objective on Viper Energy from $64.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Barclays cut their price objective on Viper Energy from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 21st. Morgan Stanley reduced their target price on Viper Energy from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Viper Energy in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $51.93.
Check Out Our Latest Research Report on Viper Energy
Viper Energy Stock Performance
Viper Energy (NASDAQ:VNOM – Get Free Report) last issued its quarterly earnings results on Monday, February 23rd. The oil and gas producer reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. Viper Energy had a negative net margin of 4.87% and a positive return on equity of 2.62%. The company had revenue of $435.00 million for the quarter, compared to analyst estimates of $415.51 million. During the same quarter in the previous year, the business earned $2.04 earnings per share. Viper Energy’s revenue was up 87.6% compared to the same quarter last year. Equities research analysts forecast that Viper Energy will post 2.02 EPS for the current year.
Viper Energy Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, March 5th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Thursday, March 5th. This is an increase from Viper Energy’s previous quarterly dividend of $0.33. Viper Energy’s dividend payout ratio (DPR) is -660.87%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC acquired a new stake in Viper Energy during the fourth quarter worth approximately $27,000. Steigerwald Gordon & Koch Inc. acquired a new position in Viper Energy in the third quarter valued at approximately $31,000. Ameriflex Group Inc. bought a new position in shares of Viper Energy during the 3rd quarter worth approximately $38,000. CoreCap Advisors LLC boosted its holdings in shares of Viper Energy by 503.3% during the 3rd quarter. CoreCap Advisors LLC now owns 1,086 shares of the oil and gas producer’s stock worth $42,000 after buying an additional 906 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Viper Energy by 68.3% during the 3rd quarter. Parallel Advisors LLC now owns 1,400 shares of the oil and gas producer’s stock worth $54,000 after buying an additional 568 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.
More Viper Energy News
Here are the key news stories impacting Viper Energy this week:
- Positive Sentiment: Truist initiated coverage with a buy/strong‑buy stance and set a $54 price target (roughly mid‑teens upside vs. the current price), bringing institutional attention and potential demand for the shares. Truist Initiates Coverage
- Positive Sentiment: Viper’s most recent quarter beat top‑line and EPS expectations, and the stock has risen since that report — this underpins the bullish analyst flow and supports valuation upgrades. Zacks: Up 5% Since Earnings
- Positive Sentiment: Goldman Sachs reiterated a buy view and included Viper in its featured energy picks, which can attract momentum flows from funds following broker top‑picks. Goldman Sachs Reaffirms Buy
- Positive Sentiment: Roth MKM maintained a buy rating, adding to the cluster of buy recommendations that can sustain investor interest. Roth MKM Keeps Buy
- Positive Sentiment: Short interest fell materially in mid‑March (to ~13.2M shares, ~3.7% of float, ~2.3 days to cover), which reduces one source of downside pressure and the risk of a short‑squeeze narrative. (Data summary from short‑interest releases.)
- Neutral Sentiment: Analysts’ consensus remains a moderate‑buy, reflecting general bullishness but not unanimous conviction — useful context for balance between upgrades and expectations. Consensus Moderate Buy
- Neutral Sentiment: Several short‑interest data posts this week show implausible “0 shares” readings, indicating reporting noise — treat those specific entries as unreliable until official exchanges confirm. (Internal market‑data notices.)
Viper Energy Company Profile
Viper Energy Partners LP is a publicly traded master limited partnership that owns and intends to acquire mineral and royalty interests in oil and natural gas properties. As a pass-through entity, Viper Energy Partners does not engage in drilling or production operations directly; instead, it generates revenues by holding overriding royalty interests, mineral fee interests and royalty fee interests. These interests entitle the partnership to receive a percentage of the proceeds from hydrocarbons produced and sold by third-party operators.
The partnership’s assets are concentrated in the Permian Basin, with a primary focus on the Delaware Basin region of West Texas and southeastern New Mexico.
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