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

Viper Energy, Inc. (NASDAQ:VNOM) announced a quarterly dividend on Monday, November 4th,Zacks Dividends reports. Stockholders of record on Thursday, November 14th will be given a dividend of 0.30 per share by the oil and gas producer on Thursday, November 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Thursday, November 14th.

Viper Energy has increased its dividend by an average of 15.2% annually over the last three years. Viper Energy has a payout ratio of 57.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Viper Energy to earn $1.92 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 62.5%.

Viper Energy Stock Performance

Viper Energy stock opened at $53.68 on Tuesday. The company has a market cap of $9.49 billion, a PE ratio of 23.04 and a beta of 1.72. The company has a current ratio of 7.06, a quick ratio of 7.06 and a debt-to-equity ratio of 0.35. Viper Energy has a 1 year low of $28.55 and a 1 year high of $56.08. The company’s 50-day moving average is $48.98 and its two-hundred day moving average is $43.36.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $209.59 million for the quarter, compared to analyst estimates of $210.54 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.99%. Viper Energy’s revenue was down 28.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 earnings per share. Equities analysts anticipate that Viper Energy will post 2.07 earnings per share for the current year.

Analysts Set New Price Targets

VNOM has been the subject of several recent research reports. Barclays upped their price objective on Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Piper Sandler raised their price target on shares of Viper Energy from $57.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. TD Securities boosted their price objective on shares of Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Roth Mkm increased their target price on shares of Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, StockNews.com lowered shares of Viper Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Viper Energy currently has a consensus rating of “Moderate Buy” and an average price target of $51.25.

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.