Viper Energy, Inc. (NASDAQ:VNOM) Announces None Dividend of $0.59

Viper Energy, Inc. (NASDAQ:VNOM) announced a None dividend on Tuesday, April 30th, Zacks reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.59 per share by the oil and gas producer on Wednesday, May 22nd. The ex-dividend date is Tuesday, May 14th. This is a boost 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. Viper Energy has a dividend payout ratio of 48.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Viper Energy to earn $1.86 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 58.1%.

Viper Energy Trading Up 0.3 %

Viper Energy stock traded up $0.11 during trading hours on Thursday, hitting $37.24. The company had a trading volume of 46,578 shares, compared to its average volume of 942,633. The firm has a market cap of $6.59 billion, a P/E ratio of 13.66 and a beta of 1.78. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.32 and a current ratio of 4.32. Viper Energy has a 1 year low of $24.48 and a 1 year high of $41.22. The company has a 50-day moving average price of $37.84 and a two-hundred day moving average price of $33.28.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 earnings per share 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 8.38%. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 EPS. On average, sell-side analysts anticipate that Viper Energy will post 1.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on VNOM shares. 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 price objective on the stock. Piper Sandler increased their price objective on shares of Viper Energy from $36.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, April 19th. StockNews.com cut shares of Viper Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Raymond James reduced their target price on shares of Viper Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Wednesday, January 24th. Finally, TD Securities raised their price objective on shares of Viper Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.