Viper Energy, Inc. (NASDAQ:VNOM) Declares Quarterly Dividend of $0.30

Viper Energy, Inc. (NASDAQ:VNOM) announced a quarterly dividend on Monday, August 5th, Zacks reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.30 per share by the oil and gas producer on Thursday, August 22nd. This represents a $1.20 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Thursday, August 15th.

Viper Energy has increased its dividend by an average of 15.2% annually over the last three years. Viper Energy has a dividend payout ratio of 50.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Viper Energy to earn $1.92 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 56.3%.

Viper Energy Trading Up 9.7 %

Viper Energy stock opened at $43.08 on Wednesday. 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 business’s fifty day simple moving average is $39.12 and its two-hundred day simple moving average is $37.37. Viper Energy has a 12 month low of $26.71 and a 12 month high of $43.50. The company has a market capitalization of $7.62 billion, a price-to-earnings ratio of 15.84 and a beta of 1.74.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Monday, August 5th. The oil and gas producer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.42 by $0.19. Viper Energy had a return on equity of 8.10% and a net margin of 24.24%. The business had revenue of $216.71 million for the quarter, compared to the consensus estimate of $216.28 million. During the same period in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 34.8% compared to the same quarter last year. As a group, equities analysts predict that Viper Energy will post 1.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Truist Financial boosted their target price on Viper Energy from $53.00 to $54.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Piper Sandler upped their price target on Viper Energy from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Evercore ISI upped their price target on Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, July 8th. Barclays upped their price target on Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, TD Securities upped their price target on Viper Energy from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.14.

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.