Viper Energy Inc. (NASDAQ:VNOM) Given Average Rating of "Buy" by Brokerages

Shares of Viper Energy Inc. (NASDAQ:VNOM - Get Free Report) have been assigned a consensus rating of "Buy" from the thirteen analysts that are presently covering the stock, MarketBeat reports. Thirteen research analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $57.00.

Several equities analysts have issued reports on VNOM shares. KeyCorp cut their price objective on Viper Energy from $62.00 to $56.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Wall Street Zen cut Viper Energy from a "hold" rating to a "sell" rating in a research note on Saturday. Mizuho lifted their price objective on Viper Energy from $54.00 to $55.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Raymond James Financial reaffirmed an "outperform" rating and set a $60.00 price objective (up from $54.00) on shares of Viper Energy in a research note on Thursday, June 5th. Finally, The Goldman Sachs Group set a $72.00 price objective on Viper Energy in a research note on Monday, March 3rd.

Viper Energy Price Performance

Shares of VNOM stock opened at $40.72 on Friday. The stock's fifty day simple moving average is $40.81 and its 200 day simple moving average is $44.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 8.70 and a quick ratio of 8.70. The firm has a market cap of $11.75 billion, a price-to-earnings ratio of 10.72, a P/E/G ratio of 19.47 and a beta of 1.00. Viper Energy has a one year low of $34.71 and a one year high of $56.76.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.09. Viper Energy had a return on equity of 5.41% and a net margin of 43.43%. The firm had revenue of $245.00 million during the quarter, compared to the consensus estimate of $233.99 million. During the same quarter in the previous year, the company posted $0.49 EPS. On average, analysts expect that Viper Energy will post 2.02 earnings per share for the current fiscal year.

Viper Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.95%. Viper Energy's dividend payout ratio is currently 31.58%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VNOM. Voya Investment Management LLC raised its holdings in Viper Energy by 22.7% during the first quarter. Voya Investment Management LLC now owns 27,234 shares of the oil and gas producer's stock worth $1,230,000 after acquiring an additional 5,041 shares in the last quarter. Hodges Capital Management Inc. bought a new position in shares of Viper Energy during the 1st quarter worth approximately $1,351,000. Strs Ohio bought a new position in shares of Viper Energy during the 1st quarter worth approximately $1,623,000. WBI Investments LLC bought a new position in shares of Viper Energy during the 1st quarter worth approximately $2,531,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Viper Energy by 22.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,499 shares of the oil and gas producer's stock worth $9,233,000 after purchasing an additional 37,847 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.

About Viper Energy

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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