Viper Energy (NASDAQ:VNOM) Reaches New 12-Month High at $38.84

Viper Energy, Inc. (NASDAQ:VNOM - Get Free Report)'s stock price hit a new 52-week high on Thursday . The company traded as high as $38.84 and last traded at $38.67, with a volume of 124796 shares traded. The stock had previously closed at $38.23.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VNOM. StockNews.com downgraded Viper Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, January 9th. Raymond James decreased their price objective on Viper Energy from $38.00 to $37.00 and set an "outperform" rating on the stock in a report on Wednesday, January 24th. Evercore ISI reaffirmed an "outperform" rating and set a $37.00 price objective on shares of Viper Energy in a report on Thursday, December 7th. Finally, Piper Sandler decreased their price objective on Viper Energy from $37.00 to $36.00 and set an "overweight" rating on the stock in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $37.58.

Viper Energy Stock Performance

The business has a 50-day moving average of $35.25 and a two-hundred day moving average of $31.71. The company has a market cap of $6.78 billion, a P/E ratio of 14.20 and a beta of 1.79. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.32 and a quick ratio of 4.32.

Viper Energy (NASDAQ:VNOM - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.20. Viper Energy had a return on equity of 8.29% and a net margin of 24.17%. The company had revenue of $204.70 million during the quarter, compared to analysts' expectations of $204.61 million. During the same period last year, the business posted $0.28 earnings per share. The firm's revenue was up .5% compared to the same quarter last year. On average, sell-side analysts predict that Viper Energy, Inc. will post 1.62 EPS for the current fiscal year.

Viper Energy Increases Dividend

The company also recently disclosed a None dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, March 5th were paid a $0.56 dividend. This represents a dividend yield of 3%. This is a boost from Viper Energy's previous None dividend of $0.09. The ex-dividend date of this dividend was Monday, March 4th. Viper Energy's dividend payout ratio (DPR) is presently 40.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its holdings in Viper Energy by 18.9% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 181,535 shares of the oil and gas producer's stock valued at $5,697,000 after acquiring an additional 28,800 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Viper Energy by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,827,514 shares of the oil and gas producer's stock valued at $50,951,000 after buying an additional 21,977 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Viper Energy in the third quarter valued at approximately $1,747,000. Tower Research Capital LLC TRC increased its position in shares of Viper Energy by 7,400.5% in the third quarter. Tower Research Capital LLC TRC now owns 15,901 shares of the oil and gas producer's stock valued at $443,000 after buying an additional 15,689 shares in the last quarter. Finally, MGO One Seven LLC increased its position in shares of Viper Energy by 10.1% in the third quarter. MGO One Seven LLC now owns 17,087 shares of the oil and gas producer's stock valued at $476,000 after buying an additional 1,566 shares in the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

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.