Viper Energy (NASDAQ:VNOM) PT Raised to $45.00 at Evercore ISI

Viper Energy (NASDAQ:VNOM) had its price target hoisted by Evercore ISI from $37.00 to $45.00 in a research report released on Monday, Benzinga reports. Evercore ISI currently has an outperform rating on the oil and gas producer’s stock.

Other research analysts also recently issued reports about the company. Piper Sandler lifted their price target on Viper Energy from $36.00 to $43.00 and gave the company an overweight rating in a report on Friday, April 19th. Truist Financial lifted their price target on Viper Energy from $52.00 to $53.00 and gave the company a buy rating in a report on Thursday, May 2nd. Barclays assumed coverage on Viper Energy in a report on Wednesday, April 10th. They issued an overweight rating and a $44.00 price target on the stock. Finally, TD Securities lifted their price target on Viper Energy from $40.00 to $42.00 and gave the company a buy rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $42.43.

Viper Energy Trading Up 1.0 %

VNOM opened at $39.98 on Monday. The stock’s fifty day moving average is $37.60 and its two-hundred day moving average is $35.95. The company has a market capitalization of $7.07 billion, a P/E ratio of 14.66 and a beta of 1.74. Viper Energy has a 52 week low of $25.26 and a 52 week high of $41.22. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.38.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.52 EPS for the quarter, topping the consensus estimate of $0.37 by $0.15. The company had revenue of $205.39 million for the quarter, compared to the consensus estimate of $200.63 million. Viper Energy had a return on equity of 8.10% and a net margin of 24.24%. Analysts forecast that Viper Energy will post 1.97 earnings per share for the current year.

Viper Energy Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VNOM. Chilton Capital Management LLC acquired a new stake in Viper Energy during the 4th quarter worth about $63,000. Parkside Financial Bank & Trust lifted its position in Viper Energy by 22.2% during the 4th 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 during the period. ORG Partners LLC lifted its position in Viper Energy by 26.7% during the 4th 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 during the period. Larson Financial Group LLC lifted its position in Viper Energy by 94.4% during the 1st 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 during the period. Finally, Sandia Investment Management LP acquired a new stake in Viper Energy during the 1st quarter worth about $192,000. 87.72% of the stock is currently owned by hedge funds and other 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.