Viper Energy, Inc. (VNOM) To Go Ex-Dividend on November 14th

Viper Energy, Inc. (NASDAQ:VNOM) declared a quarterly dividend on Monday, November 4th, Zacks reports. Investors of record on Thursday, November 14th will be paid a dividend of 0.30 per share by the oil and gas producer on Thursday, November 21st. This represents a $1.20 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Thursday, November 14th.

Viper Energy has raised its dividend payment by an average of 15.2% annually over the last three years. Viper Energy has a dividend payout ratio of 64.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Viper Energy to earn $2.31 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 58.9%.

Viper Energy Stock Performance

Shares of Viper Energy stock traded up $3.09 during trading on Wednesday, hitting $55.72. 354,833 shares of the company’s stock were exchanged, compared to its average volume of 1,090,277. Viper Energy has a 52-week low of $27.61 and a 52-week high of $56.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 7.06 and a current ratio of 7.06. The business has a 50-day simple moving average of $48.56 and a 200-day simple moving average of $43.04. The stock has a market capitalization of $9.86 billion, a price-to-earnings ratio of 23.84 and a beta of 1.72.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Viper Energy had a net margin of 24.65% and a return on equity of 6.99%. The company had revenue of $209.59 million during the quarter, compared to analysts’ expectations of $210.54 million. During the same quarter in the previous year, the company earned $1.10 earnings per share. The firm’s revenue for the quarter was down 28.5% on a year-over-year basis. On average, research analysts forecast that Viper Energy will post 2.03 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on VNOM shares. Piper Sandler lifted their target price on shares of Viper Energy from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Roth Mkm lifted their target price on shares of Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. TD Securities lifted their target price on shares of Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. lifted their target price on shares of Viper Energy from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Barclays boosted their price target on shares of Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Viper Energy has an average rating of “Moderate Buy” and a consensus price target of $51.25.

About Viper Energy

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.