Viper Energy Inc. (VNOM) To Go Ex-Dividend on November 12th

Viper Energy Inc. (NASDAQ:VNOM) declared a quarterly dividend on Thursday, October 29th. Investors of record on Thursday, November 12th will be given a dividend of $0.50 per share by the oil and gas producer on Thursday, November 19th. This represents a $2.00 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Thursday, November 12th.

Viper Energy has increased its dividend by an average of 0.3% annually over the last three years. Viper Energy has a dividend payout ratio of 111.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Viper Energy to earn $2.82 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 70.9%.

Viper Energy Price Performance

NASDAQ:VNOM opened at $40.20 on Tuesday. Viper Energy has a 52 week low of $35.10 and a 52 week high of $51.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 6.37 and a current ratio of 5.92. The firm’s 50-day simple moving average is $43.53 and its 200 day simple moving average is $44.42. The firm has a market cap of $14.44 billion, a price-to-earnings ratio of 17.55 and a beta of 0.49.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings data 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. Viper Energy had a net margin of 12.08% and a return on equity of 4.24%. The firm had revenue of $661.00 million during the quarter, compared to the consensus estimate of $625.18 million. During the same quarter in the previous year, the firm posted $0.40 EPS. The business’s revenue for the quarter was up 58.1% compared to the same quarter last year. As a group, sell-side analysts predict that Viper Energy will post 2.92 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. North Dakota State Investment Board lifted its holdings in Viper Energy by 4.2% during the third quarter. North Dakota State Investment Board now owns 5,771 shares of the oil and gas producer’s stock valued at $230,000 after purchasing an additional 234 shares during the last quarter. Kestra Advisory Services LLC boosted its position in Viper Energy by 1.2% during the first quarter. Kestra Advisory Services LLC now owns 21,849 shares of the oil and gas producer’s stock worth $1,027,000 after purchasing an additional 268 shares during the period. Taylor Frigon Capital Management LLC increased its stake in shares of Viper Energy by 0.8% in the third quarter. Taylor Frigon Capital Management LLC now owns 40,617 shares of the oil and gas producer’s stock worth $1,620,000 after purchasing an additional 303 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Viper Energy by 0.6% in the second quarter. Arizona State Retirement System now owns 52,276 shares of the oil and gas producer’s stock worth $2,217,000 after purchasing an additional 312 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of 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 worth $64,000 after purchasing an additional 322 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Viper Energy Company Profile

Viper Energy, Inc owns and acquires mineral and royalty interests in oil and natural gas properties. Rather than serving primarily as a drilling operator, the company earns revenue from production on acreage where other companies conduct exploration and development.

Its interests are concentrated in the Permian Basin of West Texas and southeastern New Mexico, including the Midland and Delaware sub-basins. Viper’s business is tied to activity by the operators that develop the underlying properties.

Originally formed as Viper Energy Partners LP in 2014 as an affiliate of Diamondback Energy, the company later converted to a corporation and adopted the Viper Energy, Inc name.