Morgan Stanley Trims Price Target on Viper Energy (VNOM), Maintains Overweight Rating

With an annual dividend yield of 5.37%, Viper Energy, Inc. (NASDAQ:VNOM) is included among the 10 Energy Stocks with Highest Dividends.

Viper Energy, Inc. (NASDAQ:VNOM) is a publicly traded Delaware corporation focused on owning and acquiring mineral and royalty interests, primarily in the Permian Basin.

On June 29, Morgan Stanley analyst Devin McDermott trimmed the firm’s price recommendation on Viper Energy, Inc. (NASDAQ:VNOM) from $49 to $46, but kept an ‘Overweight’ rating on the shares. The revised target still indicates an upside potential of over 8% from the current share price.

The adjustment comes after Morgan Stanley updated its estimates to reflect the recent movements in energy prices. The analyst firm noted that the WTI crude price has retreated by around 60% from its recent peak in April and is now trading only slightly above its pre-conflict levels after the US and Iran signed a memorandum of understanding on June 14.

After a strong first quarter, Viper Energy, Inc. (NASDAQ:VNOM) raised the midpoint of its FY26 oil production guidance by around 2.5%, driven primarily by “Diamondback’s increased near-term activity and continued development of Viper’s high concentration royalty interest throughout the basin”. The raised output target represents an organic growth of over 5% relative to the company’s pro forma 2025 exit rate.

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