Viper Energy Inc. (VNOM) to Issue Quarterly Dividend of $0.38 on May 21st

Viper Energy Inc. (NASDAQ:VNOMGet Free Report) announced a quarterly dividend on Monday, May 4th. Stockholders of record on Thursday, May 14th will be given a dividend of 0.38 per share by the oil and gas producer on Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, May 14th.

Viper Energy has increased its dividend by an average of 0.3%per year over the last three years. Viper Energy has a dividend payout ratio of 84.9% meaning 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 $2.05 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 74.1%.

Viper Energy Price Performance

VNOM opened at $49.97 on Wednesday. The firm has a market cap of $17.87 billion, a PE ratio of -156.15, a P/E/G ratio of 1.04 and a beta of 0.42. The stock has a 50-day moving average price of $46.31 and a 200-day moving average price of $41.52. Viper Energy has a 1 year low of $35.10 and a 1 year high of $51.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.72 and a quick ratio of 3.72.

Viper Energy (NASDAQ:VNOMGet Free Report) last released its quarterly earnings data on Monday, May 4th. The oil and gas producer reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.12. The business had revenue of $511.00 million during the quarter, compared to analyst estimates of $499.82 million. Viper Energy had a negative net margin of 2.77% and a positive return on equity of 2.67%. Viper Energy’s revenue was up 108.6% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. Sell-side analysts predict that Viper Energy will post 2.39 earnings per share for the current fiscal year.

Trending Headlines about Viper Energy

Here are the key news stories impacting Viper Energy this week:

  • Positive Sentiment: Q1 beat on revenue and EPS — Viper posted $0.55 EPS vs. $0.45 consensus and $511M revenue vs. ~$500M expected; revenue was up ~108.6% year?over?year, which supports near?term cash flow and distribution coverage. Q1 Results Press Release
  • Positive Sentiment: Quarterly dividend announced — Viper declared a $0.38 quarterly dividend (ex?dividend May 14; pay May 21), implying ~3.0% yield, which supports income investors and can underpin valuation relative to peers.
  • Neutral Sentiment: Management commentary / earnings call available — Transcript coverage provides detail on production, royalty receipts, commodity exposure and capital structure; useful for investors wanting specifics on drivers behind the beat and sustainability of cash flows. Earnings Call Transcript
  • Neutral Sentiment: Macro/commodity sensitivity — Analysis notes an “Iran?driven” oil price shock is a double?edged sword: higher oil helps royalty revenue now but increases volatility and geopolitical risk that could affect longer?term cash flow visibility. This is a mixed factor for shares. Iran-Driven Oil Shock Analysis
  • Negative Sentiment: Profitability and valuation concerns — Despite the beat, Viper reported a negative net margin (~?4.9%) and persistent odd valuation metrics (reported negative P/E in background data), which may prompt profit?taking or caution among growth/value investors and help explain downward pressure on the stock. Key Metrics vs Estimates

Viper Energy Company Profile

(Get Free Report)

Viper Energy Partners LP is a publicly traded master limited partnership that owns and intends to acquire mineral and royalty interests in oil and natural gas properties. As a pass-through entity, Viper Energy Partners does not engage in drilling or production operations directly; instead, it generates revenues by holding overriding royalty interests, mineral fee interests and royalty fee interests. These interests entitle the partnership to receive a percentage of the proceeds from hydrocarbons produced and sold by third-party operators.

The partnership’s assets are concentrated in the Permian Basin, with a primary focus on the Delaware Basin region of West Texas and southeastern New Mexico.

See Also

Dividend History for Viper Energy (NASDAQ:VNOM)

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