Viper Energy (NASDAQ:VNOM) PT Raised to $53.00 at Truist Financial

Viper Energy (NASDAQ:VNOM) had its price target lifted by Truist Financial from $52.00 to $53.00 in a research report sent to investors on Thursday, Benzinga reports. Truist Financial currently has a buy rating on the oil and gas producer’s stock.

A number of other equities analysts also recently commented on the company. Raymond James decreased their target price on Viper Energy from $38.00 to $37.00 and set an outperform rating for the company in a report on Wednesday, January 24th. TD Securities upped their price objective on shares of Viper Energy from $40.00 to $42.00 and gave the stock a buy rating in a report on Wednesday, May 1st. Piper Sandler lifted their target price on shares of Viper Energy from $36.00 to $43.00 and gave the company an overweight rating in a research note on Friday, April 19th. StockNews.com lowered shares of Viper Energy from a buy rating to a hold rating in a report on Tuesday, January 9th. Finally, Barclays started coverage on Viper Energy in a report on Wednesday, April 10th. They set an overweight rating and a $44.00 target price on the stock. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Viper Energy currently has a consensus rating of Moderate Buy and an average target price of $41.29.

Viper Energy Price Performance

VNOM opened at $37.62 on Thursday. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 13.83 and a beta of 1.78. Viper Energy has a 1 year low of $24.48 and a 1 year high of $41.22. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.32 and a quick ratio of 4.32. The stock’s 50 day simple moving average is $37.88 and its 200 day simple moving average is $33.39.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.20. Viper Energy had a return on equity of 8.38% and a net margin of 24.24%. The company had revenue of $204.70 million for the quarter, compared to analysts’ expectations of $204.61 million. During the same period last year, the firm earned $0.28 earnings per share. Viper Energy’s quarterly revenue was up .5% on a year-over-year basis. As a group, analysts predict that Viper Energy will post 1.87 earnings per share for the current year.

Viper Energy Increases Dividend

The company also recently announced a None dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 15th will be paid a $0.59 dividend. This represents a dividend 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 currently 39.71%.

Hedge Funds Weigh In On Viper Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WBI Investments LLC bought a new stake in shares of Viper Energy in the 1st quarter worth $1,955,000. Larson Financial Group LLC boosted 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 valued at $160,000 after buying an additional 2,019 shares during the last quarter. FORA Capital LLC bought a new stake in Viper Energy in the 1st quarter worth about $857,000. BNP Paribas Financial Markets purchased a new position in Viper Energy in the 1st quarter worth about $8,506,000. Finally, Commonwealth Equity Services LLC bought a new position in Viper Energy during the 1st quarter valued at about $537,000. 87.72% of the stock is owned by institutional investors.

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.