Aptus Capital Advisors LLC Acquires 10,309 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

Aptus Capital Advisors LLC grew its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 234,103 shares of the oil and gas producer's stock after acquiring an additional 10,309 shares during the quarter. Aptus Capital Advisors LLC owned about 0.13% of Viper Energy worth $10,560,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in shares of Viper Energy by 328.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer's stock valued at $26,000 after buying an additional 450 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Viper Energy by 208.1% during the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer's stock valued at $31,000 after buying an additional 460 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Viper Energy during the 2nd quarter valued at about $36,000. ORG Partners LLC raised its holdings in shares of Viper Energy by 962.3% during the 2nd quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer's stock valued at $107,000 after buying an additional 2,550 shares in the last quarter. Finally, Plato Investment Management Ltd increased its stake in Viper Energy by 119.2% in the 2nd quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer's stock worth $106,000 after purchasing an additional 1,541 shares during the period. Institutional investors own 87.72% of the company's stock.

Viper Energy Stock Down 1.6 %

Shares of NASDAQ VNOM traded down $0.85 during mid-day trading on Tuesday, hitting $52.83. 801,013 shares of the stock traded hands, compared to its average volume of 1,090,495. The company has a debt-to-equity ratio of 0.35, a quick ratio of 7.06 and a current ratio of 7.06. Viper Energy, Inc. has a 52 week low of $28.55 and a 52 week high of $56.08. The company has a market cap of $9.34 billion, a price-to-earnings ratio of 23.04 and a beta of 1.72. The stock has a fifty day moving average price of $49.10 and a 200-day moving average price of $43.46.

Viper Energy (NASDAQ:VNOM - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. Viper Energy had a return on equity of 6.99% and a net margin of 24.65%. The company had revenue of $209.59 million for the quarter, compared to analyst estimates of $210.54 million. During the same period in the previous year, the company posted $1.10 earnings per share. The firm's revenue was down 28.5% on a year-over-year basis. Research analysts anticipate that Viper Energy, Inc. will post 2.07 EPS for the current year.

Viper Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, November 14th. Viper Energy's dividend payout ratio (DPR) is 51.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on VNOM shares. StockNews.com cut Viper Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on Viper Energy from $41.00 to $44.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. Truist Financial lifted their price target on Viper Energy from $57.00 to $64.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. TD Securities lifted their price target on Viper Energy from $46.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, September 12th. Finally, Piper Sandler lifted their price target on Viper Energy from $57.00 to $61.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $51.25.

Viper Energy Profile

Viper Energy, Inc owns and acquires mineral and royalty interests in oil and natural gas properties in the Permian Basin, North America. Viper Energy Partners GP LLC operates as the general partner of the company. The company was formerly known as Viper Energy Partners LP and changed its name to Viper Energy, Inc in November 2023.