Viper Energy, Inc. (VNOM) to Issue None Dividend of $0.59 on May 22nd

Viper Energy, Inc. (NASDAQ:VNOM) declared a None dividend on Tuesday, April 30th, Zacks reports. Investors of record on Wednesday, May 15th will be paid a dividend of 0.59 per share by the oil and gas producer on Wednesday, May 22nd. This represents a yield of 2.9%. The ex-dividend date is Tuesday, May 14th. This is a positive change from Viper Energy’s previous None dividend of $0.56.

Viper Energy has raised its dividend payment by an average of 15.2% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Viper Energy has a dividend payout ratio of 48.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Viper Energy to earn $1.82 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 59.3%.

Viper Energy Stock Down 0.1 %

Shares of NASDAQ VNOM opened at $37.79 on Friday. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $6.68 billion, a PE ratio of 13.89 and a beta of 1.78. Viper Energy has a 12-month low of $24.48 and a 12-month high of $41.22. The stock’s fifty day simple moving average is $38.04 and its two-hundred day simple moving average is $33.65.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.47 by $0.20. Viper Energy had a net margin of 24.24% and a return on equity of 8.10%. The business had revenue of $204.70 million during the quarter, compared to analyst estimates of $204.61 million. During the same period in the prior year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. As a group, analysts expect that Viper Energy will post 1.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.