Viper Energy, Inc. (NASDAQ:VNOM) Short Interest Update

Viper Energy, Inc. (NASDAQ:VNOMGet Free Report) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 1,950,000 shares, a decline of 40.9% from the April 15th total of 3,300,000 shares. Based on an average daily trading volume, of 1,090,000 shares, the short-interest ratio is currently 1.8 days.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VNOM shares. Piper Sandler boosted their target price on shares of Viper Energy from $36.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Raymond James cut their target price on shares of Viper Energy from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 24th. TD Securities upped their target price on shares of Viper Energy from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Truist Financial upped their target price on shares of Viper Energy from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, Barclays initiated coverage on shares of Viper Energy in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $44.00 target price on the stock. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $41.29.

View Our Latest Stock Report on VNOM

Viper Energy Price Performance

Shares of NASDAQ:VNOM opened at $37.79 on Friday. Viper Energy has a fifty-two week low of $24.48 and a fifty-two week high of $41.22. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.38. The company has a market cap of $6.68 billion, a PE ratio of 13.89 and a beta of 1.78. The firm has a 50-day simple moving average of $38.04 and a 200 day simple moving average of $33.65.

Viper Energy (NASDAQ:VNOMGet Free Report) last posted its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.47 by $0.20. The firm had revenue of $204.70 million during the quarter, compared to analysts’ expectations of $204.61 million. Viper Energy had a net margin of 24.24% and a return on equity of 8.10%. Viper Energy’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS. On average, sell-side analysts anticipate that Viper Energy will post 1.85 EPS for the current year.

Viper Energy Increases Dividend

The business also recently disclosed a None dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 15th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, May 14th. This is a boost from Viper Energy’s previous None dividend of $0.56. This represents a dividend yield of 2.9%. Viper Energy’s dividend payout ratio (DPR) is 39.71%.

Institutional Trading of Viper Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Viper Energy by 23.3% in the 1st quarter. Vanguard Group Inc. now owns 8,481,119 shares of the oil and gas producer’s stock valued at $326,184,000 after acquiring an additional 1,603,333 shares in the last quarter. Scout Investments Inc. lifted its position in shares of Viper Energy by 48.8% in the 1st quarter. Scout Investments Inc. now owns 1,934,469 shares of the oil and gas producer’s stock valued at $73,703,000 after acquiring an additional 634,036 shares in the last quarter. Sei Investments Co. lifted its position in shares of Viper Energy by 81.9% in the 1st quarter. Sei Investments Co. now owns 45,308 shares of the oil and gas producer’s stock valued at $1,743,000 after acquiring an additional 20,396 shares in the last quarter. Heartland Advisors Inc. lifted its position in shares of Viper Energy by 21.9% in the 1st quarter. Heartland Advisors Inc. now owns 487,700 shares of the oil and gas producer’s stock valued at $18,757,000 after acquiring an additional 87,700 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Viper Energy by 17.3% in the 1st quarter. Swiss National Bank now owns 159,277 shares of the oil and gas producer’s stock valued at $6,126,000 after acquiring an additional 23,500 shares in the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Company Profile

(Get Free Report)

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.

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