Aptus Capital Advisors LLC Acquires 31,173 Shares of Viper Energy Inc. $VNOM

Key Points

• Aptus Capital Advisors LLC increased its stake in Viper Energy Inc. by 11.7%, owning a total of 297,171 shares worth approximately $13.4 million following the acquisition of 31,173 shares.
• Viper Energy reported a quarterly earnings per share (EPS) of $0.41, surpassing analysts' expectations, and its revenue grew by 37.1% compared to the previous year.
• Brokerages have adjusted their price targets for Viper Energy, with KeyCorp lowering it from $62.00 to $56.00, while Mizuho raised theirs from $54.00 to $55.00, indicating varied market sentiment on the stock's performance.

Aptus Capital Advisors LLC increased its position in shares of Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 11.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 297,171 shares of the oil and gas producer's stock after acquiring an additional 31,173 shares during the quarter. Aptus Capital Advisors LLC owned about 0.14% of Viper Energy worth $13,417,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Segment Wealth Management LLC raised its holdings in Viper Energy by 3.9% in the first quarter. Segment Wealth Management LLC now owns 9,520 shares of the oil and gas producer's stock worth $430,000 after purchasing an additional 360 shares during the period. Private Advisor Group LLC grew its holdings in shares of Viper Energy by 5.1% in the 1st quarter. Private Advisor Group LLC now owns 8,260 shares of the oil and gas producer's stock valued at $373,000 after buying an additional 398 shares during the period. Concurrent Investment Advisors LLC increased its position in shares of Viper Energy by 1.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 20,861 shares of the oil and gas producer's stock valued at $942,000 after buying an additional 399 shares in the last quarter. UMB Bank n.a. raised its stake in Viper Energy by 129.0% during the 1st quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer's stock worth $33,000 after buying an additional 414 shares during the period. Finally, Naples Global Advisors LLC lifted its holdings in Viper Energy by 6.5% during the first quarter. Naples Global Advisors LLC now owns 7,655 shares of the oil and gas producer's stock worth $346,000 after acquiring an additional 465 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

Viper Energy Trading Down 1.5%

Viper Energy stock opened at $37.24 on Tuesday. The company has a market cap of $10.75 billion, a price-to-earnings ratio of 10.76, a P/E/G ratio of 17.58 and a beta of 0.99. The firm has a 50-day moving average of $38.49 and a 200-day moving average of $41.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 6.15 and a quick ratio of 6.15. Viper Energy Inc. has a one year low of $34.71 and a one year high of $56.76.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The oil and gas producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. The firm had revenue of $297.00 million during the quarter, compared to analysts' expectations of $285.35 million. Viper Energy had a return on equity of 3.92% and a net margin of 37.84%. The business's quarterly revenue was up 37.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 earnings per share. On average, equities analysts expect that Viper Energy Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 14th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.12 annualized dividend and a dividend yield of 5.7%. Viper Energy's dividend payout ratio (DPR) is currently 38.15%.

Analysts Set New Price Targets

Several brokerages have issued reports on VNOM. KeyCorp lowered their price target on Viper Energy from $62.00 to $56.00 and set an "overweight" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. lowered their target price on Viper Energy from $49.00 to $47.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Wall Street Zen lowered shares of Viper Energy from a "hold" rating to a "sell" rating in a research note on Saturday. Morgan Stanley initiated coverage on shares of Viper Energy in a report on Monday. They issued an "overweight" rating and a $46.00 price target for the company. Finally, Mizuho raised their price objective on shares of Viper Energy from $54.00 to $55.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.36.

About Viper Energy

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.

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