Apollon Wealth Management LLC Increases Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Apollon Wealth Management LLC boosted its position in Viper Energy, Inc. (NASDAQ:VNOM) by 72.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,707 shares of the oil and gas producer’s stock after buying an additional 6,168 shares during the quarter. Apollon Wealth Management LLC’s holdings in Viper Energy were worth $663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Farther Finance Advisors LLC grew 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 purchasing an additional 450 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Viper Energy by 208.1% during the third 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 during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Viper Energy in the second quarter worth about $36,000. ORG Partners LLC lifted its stake in shares of Viper Energy by 962.3% in the 2nd quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock valued at $107,000 after acquiring an additional 2,550 shares during the last quarter. Finally, Plato Investment Management Ltd boosted its holdings in Viper Energy by 119.2% during the 2nd quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock valued at $106,000 after acquiring an additional 1,541 shares during the period. 87.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. 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. Barclays increased their price target on shares of Viper Energy from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price objective on shares of Viper Energy from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Roth Mkm increased their target price on shares of Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Truist Financial raised their target price on Viper Energy from $57.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.25.

Viper Energy Price Performance

VNOM stock opened at $50.84 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. Viper Energy, Inc. has a 1 year low of $28.55 and a 1 year high of $56.08. The firm has a 50-day moving average of $49.55 and a 200 day moving average of $43.75. The company has a market cap of $8.99 billion, a P/E ratio of 21.82 and a beta of 1.72.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $209.59 million for the quarter, compared to the consensus estimate of $210.54 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The business’s revenue for the quarter was down 28.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 EPS. On average, sell-side analysts forecast that Viper Energy, Inc. will post 2.07 EPS for the current year.

Viper Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, November 14th. Viper Energy’s dividend payout ratio is currently 51.50%.

About Viper Energy

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.