Viper Energy (NASDAQ:VNOM - Free Report) had its price target cut by Bank of America from $53.00 to $50.00 in a research report released on Friday,Benzinga reports. They currently have a buy rating on the oil and gas producer's stock.
A number of other equities analysts have also weighed in on VNOM. Truist Financial decreased their price objective on shares of Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a report on Monday, February 3rd. The Goldman Sachs Group set a $72.00 target price on shares of Viper Energy in a research note on Monday, March 3rd. KeyCorp decreased their target price on shares of Viper Energy from $62.00 to $56.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Piper Sandler decreased their target price on shares of Viper Energy from $62.00 to $61.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Viper Energy from $49.00 to $47.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $55.15.
View Our Latest Research Report on VNOM
Viper Energy Stock Up 0.5%
NASDAQ VNOM traded up $0.20 during mid-day trading on Friday, reaching $40.34. The stock had a trading volume of 1,030,897 shares, compared to its average volume of 1,313,253. Viper Energy has a 1 year low of $34.71 and a 1 year high of $56.76. The stock has a market cap of $8.59 billion, a PE ratio of 17.31 and a beta of 1.05. The company has a fifty day moving average price of $41.05 and a 200 day moving average price of $46.32. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24.
Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.09. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The company had revenue of $245.00 million during the quarter, compared to analyst estimates of $233.99 million. During the same period in the previous year, the business earned $0.49 EPS. On average, research analysts expect that Viper Energy will post 2.02 earnings per share for the current year.
Viper Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were paid a $0.30 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.97%. Viper Energy's dividend payout ratio (DPR) is 31.58%.
Institutional Investors Weigh In On Viper Energy
Several hedge funds and other institutional investors have recently modified their holdings of VNOM. Vanguard Group Inc. increased its stake in shares of Viper Energy by 28.9% in the 1st quarter. Vanguard Group Inc. now owns 13,016,792 shares of the oil and gas producer's stock worth $587,708,000 after purchasing an additional 2,921,832 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Viper Energy in the 4th quarter worth $95,505,000. Price T Rowe Associates Inc. MD increased its stake in shares of Viper Energy by 21.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,996,351 shares of the oil and gas producer's stock worth $451,336,000 after purchasing an additional 1,778,093 shares in the last quarter. Alyeska Investment Group L.P. boosted its holdings in Viper Energy by 763.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 1,799,642 shares of the oil and gas producer's stock worth $81,254,000 after buying an additional 1,591,212 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Viper Energy by 12.2% in the 1st quarter. Wellington Management Group LLP now owns 11,953,910 shares of the oil and gas producer's stock worth $539,719,000 after buying an additional 1,301,933 shares during the period. 87.72% of the stock is currently owned by hedge funds and other institutional investors.
Viper Energy Company Profile
(
Get Free Report)
Viper Energy, Inc engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.
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