Viper Energy, Inc. (VNOM) To Go Ex-Dividend on March 6th

Viper Energy, Inc. (NASDAQ:VNOM) announced a dividend on Saturday, March 1st, NASDAQ Dividends reports. Shareholders of record on Thursday, March 6th will be given a dividend of 0.65 per share by the oil and gas producer on Thursday, March 13th. The ex-dividend date is Thursday, March 6th. This is an increase from Viper Energy’s previous dividend of $0.22.

Viper Energy has raised its dividend payment by an average of 1.2% per year over the last three years. Viper Energy has a payout ratio of 52.2% 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 $1.20 annual dividend with an expected future payout ratio of 63.2%.

Viper Energy Stock Up 2.3 %

VNOM opened at $46.57 on Monday. Viper Energy has a one year low of $34.45 and a one year high of $56.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The stock’s fifty day moving average is $48.98 and its 200-day moving average is $49.53. The company has a market capitalization of $9.92 billion, a PE ratio of 19.99 and a beta of 1.71.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VNOM shares. Piper Sandler reduced their target price on Viper Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Truist Financial dropped their price target on shares of Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Evercore ISI boosted their target price on Viper Energy from $45.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. upped their price target on shares of Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, Barclays boosted their target price on shares of Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.55.

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.