Teachers Retirement System of The State of Kentucky Makes New Investment in Viper Energy, Inc. (NASDAQ:VNOM)

Teachers Retirement System of The State of Kentucky purchased a new stake in Viper Energy, Inc. (NASDAQ:VNOM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 22,556 shares of the oil and gas producer’s stock, valued at approximately $1,018,000.

Several other large investors have also modified their holdings of VNOM. Farther Finance Advisors LLC increased its holdings in Viper Energy by 328.5% during the third 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 during the period. GAMMA Investing LLC boosted its position in 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 acquiring an additional 460 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Viper Energy during the 2nd quarter valued at $36,000. National Bank of Canada FI increased its holdings in shares of Viper Energy by 524.8% in the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock valued at $63,000 after acquiring an additional 1,165 shares during the period. Finally, Plato Investment Management Ltd raised its position in shares of 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 acquiring an additional 1,541 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Viper Energy Trading Down 3.9 %

NASDAQ VNOM opened at $48.26 on Thursday. Viper Energy, Inc. has a 12-month low of $30.21 and a 12-month high of $56.76. The company has a fifty day simple moving average of $52.40 and a two-hundred day simple moving average of $46.19. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The stock has a market cap of $9.09 billion, a P/E ratio of 20.71 and a beta of 1.71.

Viper Energy (NASDAQ:VNOM) last issued its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $209.59 million during the quarter, compared to analyst estimates of $210.54 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The firm’s quarterly revenue was down 28.5% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. On average, analysts forecast that Viper Energy, Inc. will post 2.01 earnings per share for the current year.

Viper Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Thursday, November 14th. Viper Energy’s dividend payout ratio (DPR) is 51.50%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on VNOM shares. KeyCorp raised Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price objective on the stock in a research report on Friday, December 13th. TD Securities raised their price target on shares of Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, September 12th. The Goldman Sachs Group initiated coverage on shares of Viper Energy in a research note on Monday, December 2nd. They set a “buy” rating and a $70.00 price objective for the company. StockNews.com downgraded shares of Viper Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Finally, Raymond James upped their price target on Viper Energy from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.18.

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.