Viper Energy (VNOM) – A Top High-Yield Energy Stock to Consider Purchasing Now

Viper Energy Overview: Viper Energy, Inc. (NASDAQ: VNOM) is recognized as one of the 11 best high-yield energy stocks, focusing on mineral and royalty interests primarily in the Permian Basin.

Analyst Coverage: Jefferies analyst John Edelman initiated coverage with a 'Hold' rating and a price target of $38, citing high valuation and oil price risks, while awaiting a better entry point for investment.

Recent Acquisition and Concerns: The company completed the acquisition of Sitio Royalties, expected to enhance cash flow and earnings per share, but raised concerns about its shift away from being a pure play in the Permian Basin.

Dividend Increase: Viper Energy raised its quarterly dividend by 10% to $0.33 per share, alongside a variable cash dividend of $0.20, resulting in a dividend yield of 6.28%.