Viper Energy (NASDAQ:VNOM) Sets New 52-Week High at $40.59

Viper Energy, Inc. (NASDAQ:VNOM - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $40.59 and last traded at $40.02, with a volume of 29553 shares changing hands. The stock had previously closed at $40.14.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Piper Sandler dropped their price target on Viper Energy from $37.00 to $36.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 24th. Raymond James reduced their price target on Viper Energy from $38.00 to $37.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 24th. Barclays initiated coverage on shares of Viper Energy in a research note on Wednesday. They set an "overweight" rating and a $44.00 price objective on the stock. StockNews.com lowered shares of Viper Energy from a "buy" rating to a "hold" rating in a report on Tuesday, January 9th. Finally, Truist Financial upped their price target on shares of Viper Energy from $47.00 to $52.00 and gave the stock a "buy" rating in a report on Friday, April 5th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $39.50.

Viper Energy Trading Up 0.3 %

The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of 14.91 and a beta of 1.79. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.38. The business's 50 day moving average price is $35.75 and its two-hundred day moving average price is $31.98.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.20. The business had revenue of $204.70 million during the quarter, compared to analysts' expectations of $204.61 million. Viper Energy had a return on equity of 8.29% and a net margin of 24.17%. The business's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. On average, equities analysts predict that Viper Energy, Inc. will post 1.69 earnings per share 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. The ex-dividend date of this dividend was Monday, March 4th. This represents a dividend yield of 3%. This is an increase from Viper Energy's previous None dividend of $0.09. Viper Energy's dividend payout ratio is currently 40.00%.

Institutional Investors Weigh In On Viper Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. boosted its stake in Viper Energy by 139.5% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 36,100 shares of the oil and gas producer's stock valued at $1,133,000 after purchasing an additional 21,030 shares during the last quarter. Vanguard Group Inc. raised its position in Viper Energy by 1,045.4% in the fourth quarter. Vanguard Group Inc. now owns 6,877,786 shares of the oil and gas producer's stock worth $215,825,000 after acquiring an additional 6,277,324 shares during the period. Wellington Management Group LLP boosted its stake in Viper Energy by 20.0% in the fourth quarter. Wellington Management Group LLP now owns 13,490,896 shares of the oil and gas producer's stock valued at $423,344,000 after acquiring an additional 2,246,219 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Viper Energy by 186.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 319,974 shares of the oil and gas producer's stock valued at $10,041,000 after acquiring an additional 208,108 shares during the period. Finally, Integrated Advisors Network LLC grew its position in shares of Viper Energy by 118.6% during the 4th quarter. Integrated Advisors Network LLC now owns 66,516 shares of the oil and gas producer's stock valued at $2,087,000 after acquiring an additional 36,085 shares during the period. Institutional investors and hedge funds own 87.72% of the company's stock.

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.