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

Viper Energy, Inc. (NASDAQ:VNOM) declared a quarterly dividend on Monday, August 5th, Zacks reports. Investors 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 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Thursday, August 15th.

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 62.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Viper Energy to earn $1.95 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 69.7%.

Viper Energy Stock Up 1.8 %

Shares of VNOM stock traded up $0.82 on Wednesday, reaching $47.10. 129,682 shares of the stock were exchanged, compared to its average volume of 947,389. The company has a current ratio of 7.06, a quick ratio of 7.06 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $8.33 billion, a price-to-earnings ratio of 17.01 and a beta of 1.74. The business’s 50 day moving average price is $39.93 and its 200 day moving average price is $37.89. Viper Energy has a twelve month low of $26.71 and a twelve month high of $47.10.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.19. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. The business had revenue of $216.71 million during the quarter, compared to analysts’ expectations of $216.28 million. During the same quarter last year, the business posted $0.47 earnings per share. The business’s revenue for the quarter was up 34.8% on a year-over-year basis. As a group, sell-side analysts expect that Viper Energy will post 2.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VNOM has been the subject of a number of analyst reports. Evercore ISI upped their price objective on shares of Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, July 8th. TD Securities raised their price target on Viper Energy from $43.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Truist Financial upped their target price on Viper Energy from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Piper Sandler increased their price objective on Viper Energy from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Finally, Barclays increased their price objective on shares of Viper Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $43.86.

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.