Viper Energy Inc. (NASDAQ:VNOM) to Issue Special Dividend of $0.29

Viper Energy Inc. (NASDAQ:VNOM) announced a special dividend on Monday, August 3rd. Stockholders of record on Thursday, August 13th will be given a dividend of 0.29 per share by the oil and gas producer on Thursday, August 20th. This represents a dividend yield of 266.0%. The ex-dividend date of this dividend is Thursday, August 13th.

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 84.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Viper Energy to earn $2.06 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 73.8%.

Viper Energy Price Performance

Shares of Viper Energy stock opened at $43.69 on Tuesday. The company has a quick ratio of 6.17, a current ratio of 6.17 and a debt-to-equity ratio of 0.15. Viper Energy has a twelve month low of $35.10 and a twelve month high of $51.13. The business has a 50-day moving average price of $43.76 and a 200 day moving average price of $44.61. The firm has a market cap of $15.69 billion, a PE ratio of -136.53 and a beta of 0.40.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings results on Monday, August 3rd. The oil and gas producer reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. The company had revenue of $677.00 million during the quarter, compared to analysts’ expectations of $643.45 million. Viper Energy had a positive return on equity of 2.64% and a negative net margin of 2.77%.Viper Energy’s quarterly revenue was up 127.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. Sell-side analysts predict that Viper Energy will post 2.42 earnings per share for the current fiscal year.

Institutional Trading of Viper Energy

A number of hedge funds and other institutional investors have recently modified their holdings of VNOM. Los Angeles Capital Management LLC acquired a new position in shares of Viper Energy during the 4th quarter valued at about $27,000. Parallel Advisors LLC increased its position in Viper Energy by 31.2% during 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 during the last quarter. UMB Bank n.a. purchased a new position in Viper Energy during the fourth quarter worth about $64,000. Nisa Investment Advisors LLC raised its stake in Viper Energy by 256.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,794 shares of the oil and gas producer’s stock worth $69,000 after purchasing an additional 1,291 shares during the period. Finally, Clearstead Advisors LLC boosted its holdings in Viper Energy by 50.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,940 shares of the oil and gas producer’s stock valued at $75,000 after purchasing an additional 654 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Company Profile

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.