Viper Energy (NASDAQ:VNOM) Sees Large Volume Increase - What's Next?

Viper Energy, Inc. (NASDAQ:VNOM - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 2,778,909 shares traded hands during mid-day trading, an increase of 110% from the previous session's volume of 1,323,847 shares.The stock last traded at $41.37 and had previously closed at $39.97.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VNOM. Wells Fargo & Company lowered their price target on shares of Viper Energy from $51.00 to $48.00 and set an "overweight" rating for the company in a report on Monday, April 21st. TD Securities raised their target price on Viper Energy from $57.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday. JPMorgan Chase & Co. lowered their price objective on Viper Energy from $49.00 to $47.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Bank of America decreased their price target on shares of Viper Energy from $53.00 to $50.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Finally, Evercore ISI raised their price target on shares of Viper Energy from $49.00 to $51.00 and gave the stock an "outperform" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Viper Energy currently has a consensus rating of "Moderate Buy" and an average price target of $56.85.

Viper Energy Trading Up 0.1%

The stock has a market cap of $11.60 billion, a price-to-earnings ratio of 17.25 and a beta of 1.05. The business's fifty day simple moving average is $40.51 and its 200 day simple moving average is $45.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24.

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 24.65% and a return on equity of 6.72%. The firm had revenue of $245.00 million for the quarter, compared to analyst estimates of $233.99 million. During the same quarter in the prior year, the business earned $0.49 earnings per share. On average, research analysts predict that Viper Energy, Inc. will post 2.02 EPS for the current year.

Viper Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Thursday, May 15th. Viper Energy's dividend payout ratio (DPR) is presently 31.58%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VNOM. Barclays PLC grew its stake in Viper Energy by 103.3% during the 3rd quarter. Barclays PLC now owns 43,962 shares of the oil and gas producer's stock worth $1,982,000 after buying an additional 22,334 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Viper Energy by 0.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 123,086 shares of the oil and gas producer's stock worth $6,040,000 after acquiring an additional 529 shares during the last quarter. Stratos Wealth Advisors LLC bought a new position in shares of Viper Energy during the fourth quarter worth about $450,000. Spirit of America Management Corp NY grew its position in shares of Viper Energy by 7.6% during the fourth quarter. Spirit of America Management Corp NY now owns 30,600 shares of the oil and gas producer's stock worth $1,502,000 after acquiring an additional 2,150 shares during the last quarter. Finally, Caitlin John LLC grew its position in shares of Viper Energy by 3.3% during the fourth quarter. Caitlin John LLC now owns 36,534 shares of the oil and gas producer's stock worth $1,793,000 after acquiring an additional 1,162 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors.

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.