Viper Energy Inc. (NASDAQ:VNOM) Shareholders to Get $0.50 Quarterly Dividend

Viper Energy Inc. (NASDAQ:VNOM) announced a quarterly dividend on Monday, November 2nd. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.50 per share by the oil and gas producer on Thursday, November 19th. This represents a $2.00 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, November 12th.

Viper Energy has increased its dividend payment by an average of 0.3% per year over the last three years. Viper Energy has a payout ratio of 84.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Viper Energy to earn $2.84 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 53.5%.

Viper Energy Stock Performance

Shares of NASDAQ:VNOM opened at $45.72 on Tuesday. Viper Energy has a twelve month low of $35.10 and a twelve month high of $51.13. The firm has a market cap of $16.42 billion, a PE ratio of 23.00 and a beta of 0.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 6.37 and a current ratio of 6.37. The business has a fifty day moving average of $43.85 and a 200-day moving average of $44.33.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings results on Monday, November 2nd. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. The business had revenue of $661.00 million during the quarter, compared to analysts’ expectations of $625.18 million. Viper Energy had a return on equity of 3.43% and a net margin of 2.89%. The firm’s revenue for the quarter was up 58.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 earnings per share. On average, equities research analysts predict that Viper Energy will post 2.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc grew its position in shares of Viper Energy by 1,250.0% during the 2nd quarter. IFP Advisors Inc now owns 945 shares of the oil and gas producer’s stock worth $40,000 after buying an additional 875 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Viper Energy during the second quarter worth approximately $56,000. Parallel Advisors LLC lifted its holdings in Viper Energy by 31.2% in the first quarter. Parallel Advisors LLC now owns 1,354 shares of the oil and gas producer’s stock valued at $64,000 after buying an additional 322 shares during the period. Covestor Ltd lifted its holdings in Viper Energy by 35.9% in the third quarter. Covestor Ltd now owns 1,852 shares of the oil and gas producer’s stock valued at $74,000 after buying an additional 489 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Viper Energy by 20.0% in the second quarter. Versant Capital Management Inc now owns 2,481 shares of the oil and gas producer’s stock valued at $105,000 after buying an additional 413 shares during the period. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Company Profile

Viper Energy, Inc (NASDAQ: VNOM) owns mineral and royalty interests in oil and natural gas properties, primarily in the Permian Basin of West Texas and New Mexico. The company’s interests are concentrated in the Midland and Delaware basins, two of the most active producing regions in the United States.

Viper generally does not operate wells or directly conduct drilling and completion activities. Instead, it leases its mineral interests to exploration and production companies and receives royalty, overriding royalty and other mineral-related payments from the sale of hydrocarbons produced on those properties.