Arizona State Retirement System Has $605,000 Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Arizona State Retirement System increased its position in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,266 shares of the oil and gas producer’s stock after purchasing an additional 812 shares during the quarter. Arizona State Retirement System’s holdings in Viper Energy were worth $605,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of VNOM. JPMorgan Chase & Co. lifted its position in Viper Energy by 88.1% during the first quarter. JPMorgan Chase & Co. now owns 148,739 shares of the oil and gas producer’s stock worth $4,397,000 after purchasing an additional 69,651 shares during the period. Raymond James & Associates lifted its position in Viper Energy by 17.9% during the first quarter. Raymond James & Associates now owns 46,672 shares of the oil and gas producer’s stock worth $1,380,000 after purchasing an additional 7,092 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Viper Energy by 36.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 22,308 shares of the oil and gas producer’s stock worth $660,000 after purchasing an additional 5,985 shares during the period. BlackRock Inc. lifted its position in Viper Energy by 22.2% during the first quarter. BlackRock Inc. now owns 191,522 shares of the oil and gas producer’s stock worth $5,664,000 after purchasing an additional 34,839 shares during the period. Finally, Blair William & Co. IL bought a new position in shares of Viper Energy in the first quarter worth about $226,000. Institutional investors own 87.72% of the company’s stock.

Analyst Ratings Changes

VNOM has been the subject of a number of research reports. StockNews.com cut shares of Viper Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Piper Sandler increased their target price on shares of Viper Energy from $36.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday. Raymond James dropped their target price on shares of Viper Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. Barclays initiated coverage on shares of Viper Energy in a report on Wednesday, April 10th. They issued an “overweight” rating and a $44.00 target price for the company. Finally, Truist Financial increased their target price on shares of Viper Energy from $47.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, April 5th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $40.50.

Viper Energy Stock Performance

Viper Energy stock opened at $39.04 on Friday. The business has a 50 day moving average of $37.07 and a 200-day moving average of $32.58. Viper Energy, Inc. has a 1 year low of $24.48 and a 1 year high of $41.22. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.32 and a quick ratio of 4.32. The company has a market capitalization of $6.90 billion, a P/E ratio of 14.46 and a beta of 1.79.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.20. The business had revenue of $204.70 million during the quarter, compared to the consensus estimate of $204.61 million. Viper Energy had a net margin of 24.17% and a return on equity of 8.29%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. On average, equities research analysts predict that Viper Energy, Inc. will post 1.72 earnings per share for the current year.

Viper Energy Increases Dividend

The company also recently announced a None dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, March 5th were given a dividend of $0.56 per share. This represents a yield of 3%. The ex-dividend date of this dividend was Monday, March 4th. This is an increase from Viper Energy’s previous None dividend of $0.09. Viper Energy’s dividend payout ratio is currently 40.00%.

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.