Brokerages Set Viper Energy Inc. (NASDAQ:VNOM) PT at $54.13

Viper Energy Inc. (NASDAQ:VNOM) has earned a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $54.1333.

Several equities analysts have recently issued reports on VNOM shares. Mizuho cut their price objective on shares of Viper Energy from $55.00 to $51.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. TD Securities set a $54.00 price target on shares of Viper Energy in a research note on Tuesday, September 30th. Piper Sandler decreased their price target on shares of Viper Energy from $68.00 to $64.00 and set an “overweight” rating for the company in a report on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Viper Energy in a research note on Wednesday, October 8th. Finally, Roth Capital set a $50.00 price objective on shares of Viper Energy and gave the company a “buy” rating in a report on Tuesday, August 26th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Swiss National Bank boosted its holdings in Viper Energy by 22.1% in the 1st quarter. Swiss National Bank now owns 247,177 shares of the oil and gas producer’s stock worth $11,160,000 after buying an additional 44,700 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Viper Energy by 28.9% during the first quarter. Vanguard Group Inc. now owns 13,016,792 shares of the oil and gas producer’s stock valued at $587,708,000 after acquiring an additional 2,921,832 shares during the last quarter. Jump Financial LLC raised its holdings in shares of Viper Energy by 190.7% during the first quarter. Jump Financial LLC now owns 93,000 shares of the oil and gas producer’s stock valued at $4,199,000 after acquiring an additional 61,005 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of Viper Energy in the first quarter valued at approximately $316,000. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Viper Energy by 3.9% in the second quarter. Public Employees Retirement System of Ohio now owns 41,242 shares of the oil and gas producer’s stock worth $1,573,000 after acquiring an additional 1,532 shares during the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Stock Performance

Shares of VNOM opened at $35.99 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 6.15 and a debt-to-equity ratio of 0.20. The firm has a market cap of $12.94 billion, a PE ratio of 14.87, a P/E/G ratio of 15.93 and a beta of 0.89. Viper Energy has a 12 month low of $34.71 and a 12 month high of $56.76. The stock has a fifty day moving average price of $37.55 and a 200-day moving average price of $38.58.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Monday, November 3rd. The oil and gas producer reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $418.00 million for the quarter, compared to analyst estimates of $389.35 million. Viper Energy had a return on equity of 3.09% and a net margin of 20.62%.The firm’s quarterly revenue was up 98.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. Equities research analysts predict that Viper Energy will post 2.02 earnings per share for the current fiscal year.

Viper Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.7%. The ex-dividend date was Thursday, November 13th. Viper Energy’s payout ratio is presently 54.55%.

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.