Brokerages Set Viper Energy Inc. (NASDAQ:VNOM) Target Price at $57.00

Shares of Viper Energy Inc. (NASDAQ:VNOM - Get Free Report) have received a consensus rating of "Buy" from the thirteen research firms that are covering the firm, Marketbeat.com reports. Thirteen research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $57.46.

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Viper Energy from $49.00 to $47.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Mizuho raised their target price on shares of Viper Energy from $54.00 to $55.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. KeyCorp reduced their price objective on shares of Viper Energy from $62.00 to $56.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Barclays boosted their target price on shares of Viper Energy from $57.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Finally, Piper Sandler boosted their target price on shares of Viper Energy from $65.00 to $66.00 and gave the company an "overweight" rating in a report on Thursday.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Viper Energy by 43.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,351 shares of the oil and gas producer's stock worth $1,489,000 after purchasing an additional 9,122 shares during the last quarter. Swiss National Bank increased its stake in shares of Viper Energy by 2.3% in the 4th quarter. Swiss National Bank now owns 202,477 shares of the oil and gas producer's stock worth $9,936,000 after acquiring an additional 4,500 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Viper Energy by 8.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 28,607 shares of the oil and gas producer's stock worth $1,404,000 after acquiring an additional 2,179 shares during the last quarter. Natixis Advisors LLC acquired a new stake in shares of Viper Energy in the 4th quarter worth $833,000. Finally, Corient Private Wealth LLC increased its stake in shares of Viper Energy by 74.7% in the 4th quarter. Corient Private Wealth LLC now owns 22,761 shares of the oil and gas producer's stock worth $1,117,000 after acquiring an additional 9,731 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Trading Up 1.7%

Shares of NASDAQ:VNOM traded up $0.65 during trading on Thursday, reaching $38.71. The stock had a trading volume of 1,442,924 shares, compared to its average volume of 1,418,259. The firm's fifty day moving average is $39.79 and its 200 day moving average is $43.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 8.70 and a current ratio of 8.70. Viper Energy has a 52 week low of $34.71 and a 52 week high of $56.76. The stock has a market cap of $11.17 billion, a price-to-earnings ratio of 10.19, a P/E/G ratio of 18.79 and a beta of 0.97.

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

Viper Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Thursday, May 15th. Viper Energy's payout ratio is presently 31.58%.

Viper Energy Company Profile

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.