Viper Energy (NASDAQ:VNOM) Downgraded to “Sell” Rating by StockNews.com

StockNews.com cut shares of Viper Energy (NASDAQ:VNOM) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

VNOM has been the topic of several other reports. Barclays raised their target price on shares of Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. TD Securities increased their price target on shares of Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Truist Financial raised their target price on shares of Viper Energy from $54.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Evercore ISI raised their target price on shares of Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.25.

Viper Energy Stock Down 0.6 %

Shares of VNOM stock opened at $54.45 on Tuesday. The stock has a market cap of $9.63 billion, a price-to-earnings ratio of 23.37 and a beta of 1.72. The company has a debt-to-equity ratio of 0.35, a quick ratio of 7.06 and a current ratio of 7.06. Viper Energy has a 52-week low of $28.55 and a 52-week high of $56.08. The firm’s 50-day moving average is $48.98 and its 200-day moving average is $43.31.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $209.59 million for the quarter, compared to analysts’ expectations of $210.54 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.99%. The business’s revenue was down 28.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 EPS. Sell-side analysts predict that Viper Energy will post 2.03 EPS for the current year.

Viper Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.20%. The ex-dividend date is Thursday, November 14th. Viper Energy’s dividend payout ratio (DPR) is currently 51.50%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VNOM. Commonwealth Equity Services LLC acquired a new position in shares of Viper Energy during the first quarter valued at about $537,000. BNP Paribas Financial Markets purchased a new position in Viper Energy in the first quarter valued at about $8,506,000. Larson Financial Group LLC boosted its stake in Viper Energy by 94.4% in the first quarter. Larson Financial Group LLC now owns 4,158 shares of the oil and gas producer’s stock valued at $160,000 after acquiring an additional 2,019 shares during the last quarter. Empowered Funds LLC boosted its stake in Viper Energy by 458.2% in the first quarter. Empowered Funds LLC now owns 76,032 shares of the oil and gas producer’s stock valued at $2,924,000 after acquiring an additional 62,411 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in Viper Energy by 61.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 14,536 shares of the oil and gas producer’s stock valued at $559,000 after acquiring an additional 5,556 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Company Profile

Viper Energy, Inc owns and acquires mineral and royalty interests in oil and natural gas properties in the Permian Basin, North America. Viper Energy Partners GP LLC operates as the general partner of the company. The company was formerly known as Viper Energy Partners LP and changed its name to Viper Energy, Inc in November 2023.