Viper Energy (NASDAQ:VNOM) Issues Earnings Results

Key Points

• Viper Energy beat earnings estimates, reporting $0.55 EPS vs. $0.42 expected and revenue of $511.0M (estimated $453.5M), with quarterly revenue up 108.6% year‑over‑year.
• The company raised its quarterly dividend to $0.38 (annualized $1.52), about a 3.0% yield, up from the prior $0.33 quarterly payout.
• Shares climbed to $50.95 on the update, and Wall Street is largely bullish—the stock has an average "Buy" rating with a consensus target of $55 after several recent price‑target upgrades.

Viper Energy (NASDAQ:VNOM - Get Free Report) issued its quarterly earnings results on Monday. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.13, Zacks reports. The firm had revenue of $511.00 million during the quarter, compared to analyst estimates of $453.49 million. Viper Energy had a positive return on equity of 2.62% and a negative net margin of 4.87%.The firm's quarterly revenue was up 108.6% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS.

Viper Energy Price Performance

Shares of VNOM traded up $1.05 during trading hours on Monday, hitting $50.95. 1,593,298 shares of the company were exchanged, compared to its average volume of 2,908,324. The company has a market capitalization of $18.22 billion, a PE ratio of -221.51, a PEG ratio of 1.03 and a beta of 0.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.72 and a quick ratio of 3.72. The firm has a fifty day simple moving average of $46.23 and a 200-day simple moving average of $41.42. Viper Energy has a one year low of $35.10 and a one year high of $51.11.

Viper Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, March 5th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $1.52 annualized dividend and a dividend yield of 3.0%. This is a boost from Viper Energy's previous quarterly dividend of $0.33. Viper Energy's dividend payout ratio is -660.87%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Citigroup increased their price target on Viper Energy from $52.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, March 31st. Wall Street Zen raised Viper Energy from a "sell" rating to a "hold" rating in a research note on Saturday, March 7th. Mizuho raised their price objective on Viper Energy from $52.00 to $53.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 24th. Piper Sandler raised their price objective on Viper Energy from $64.00 to $68.00 and gave the stock an "overweight" rating in a research note on Thursday, March 12th. Finally, Jefferies Financial Group raised Viper Energy from a "hold" rating to a "buy" rating and set a $55.00 price objective for the company in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $55.00.

Institutional Trading of Viper Energy

A number of hedge funds have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Viper Energy by 5.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,498 shares of the oil and gas producer's stock valued at $290,000 after purchasing an additional 404 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of Viper Energy by 4.6% in the third quarter. Moneta Group Investment Advisors LLC now owns 9,239 shares of the oil and gas producer's stock valued at $353,000 after purchasing an additional 409 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Viper Energy by 68.3% in the third quarter. Parallel Advisors LLC now owns 1,400 shares of the oil and gas producer's stock valued at $54,000 after purchasing an additional 568 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Viper Energy by 1.0% in the second quarter. Evergreen Capital Management LLC now owns 65,333 shares of the oil and gas producer's stock valued at $2,491,000 after purchasing an additional 678 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Viper Energy in the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 87.72% of the company's stock.

Viper Energy Company Profile

Viper Energy Partners LP is a publicly traded master limited partnership that owns and intends to acquire mineral and royalty interests in oil and natural gas properties. As a pass-through entity, Viper Energy Partners does not engage in drilling or production operations directly; instead, it generates revenues by holding overriding royalty interests, mineral fee interests and royalty fee interests. These interests entitle the partnership to receive a percentage of the proceeds from hydrocarbons produced and sold by third-party operators.

The partnership's assets are concentrated in the Permian Basin, with a primary focus on the Delaware Basin region of West Texas and southeastern New Mexico.

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