Viper Energy Inc. (NASDAQ:VNOM) Announces Quarterly Dividend of $0.33

Viper Energy Inc. (NASDAQ:VNOM) announced a quarterly dividend on Monday, November 3rd. Shareholders of record on Thursday, November 13th will be given a dividend of 0.33 per share by the oil and gas producer on Thursday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, November 13th.

Viper Energy has increased its dividend by an average of 0.0%annually over the last three years. Viper Energy has a payout ratio of 73.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Viper Energy to earn $1.90 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 69.5%.

Viper Energy Stock Up 0.7%

VNOM stock opened at $37.82 on Tuesday. Viper Energy has a 52 week low of $34.71 and a 52 week high of $56.76. The company has a market capitalization of $10.91 billion, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 16.69 and a beta of 0.89. The firm’s 50-day moving average is $38.08 and its two-hundred day moving average is $38.95. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.13.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings results on Monday, November 3rd. The oil and gas producer reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Viper Energy had a net margin of 37.84% and a return on equity of 3.92%. The company had revenue of $418.00 million for the quarter, compared to the consensus estimate of $389.35 million. During the same period in the previous year, the firm earned $0.49 EPS. Viper Energy’s revenue was up 98.1% on a year-over-year basis. On average, analysts forecast that Viper Energy will post 2.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AlphaQuest LLC purchased a new position in Viper Energy during the third quarter valued at approximately $529,000. Arizona State Retirement System grew its position in Viper Energy by 30.3% during the third quarter. Arizona State Retirement System now owns 49,904 shares of the oil and gas producer’s stock valued at $1,907,000 after purchasing an additional 11,592 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in Viper Energy by 12.9% during the third quarter. TD Waterhouse Canada Inc. now owns 7,679 shares of the oil and gas producer’s stock valued at $297,000 after purchasing an additional 878 shares in the last quarter. Federated Hermes Inc. grew its position in Viper Energy by 26.4% during the third quarter. Federated Hermes Inc. now owns 11,379 shares of the oil and gas producer’s stock valued at $435,000 after purchasing an additional 2,378 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its position in Viper Energy by 19.5% in the third quarter. Mutual of America Capital Management LLC now owns 77,920 shares of the oil and gas producer’s stock worth $2,978,000 after acquiring an additional 12,732 shares in the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Viper Energy Company Profile

Viper Energy, Inc engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.