5 High Yield Crude Oil Stocks to Buy Now

2. Viper Energy, Inc. (NASDAQ:VNOM)

Dividend Yield as of June 8: 4.92%

Viper Energy, Inc. (NASDAQ:VNOM) is a publicly traded Delaware corporation focused on owning and acquiring mineral and royalty interests, primarily in the Permian Basin.

On May 29, RBC Capital analyst Scott Hanold initiated coverage of Viper Energy, Inc. (NASDAQ:VNOM) with an ‘Outperform rating and a price target of $58, indicating an upside of over 25% from the current price level.

RBC highlighted Viper Energy’s competitive advantages, including its scale, its core focus on the prolific Permian basin, the high duration of its inventory, and strong alignment with its operating partner. The analyst firm also noted that Viper’s relationship with Diamondback Energy further bolsters the company’s line-of-site activity and future growth prospects.

The bullish analyst sentiment comes after Viper Energy, Inc. (NASDAQ:VNOM) Crushed Wall Street Estimates in the First Quarter. Notably, the company also raised the midpoint of its FY oil production guidance by around 2.5%, driven primarily by Diamondback’s increased near-term activity and continued development of Viper’s high concentration royalty interest. The raised output forecasts indicate an organic growth of over 5% relative to the company’s pro forma 2025 exit rate.