Teachers Retirement System of The State of Kentucky Acquires Shares of 22,556 Viper Energy, Inc. (NASDAQ:VNOM)

Teachers Retirement System of The State of Kentucky bought a new position in Viper Energy, Inc. (NASDAQ:VNOM) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,556 shares of the oil and gas producer’s stock, valued at approximately $1,018,000.

A number of other hedge funds have also recently modified their holdings of VNOM. Farther Finance Advisors LLC lifted its holdings in Viper Energy by 328.5% in the third quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 450 shares during the period. GAMMA Investing LLC increased 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 purchasing an additional 460 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Viper Energy in the 2nd quarter valued at $36,000. National Bank of Canada FI boosted its holdings in Viper Energy by 524.8% during the third quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock worth $63,000 after buying an additional 1,165 shares in the last quarter. Finally, Plato Investment Management Ltd grew its position in Viper Energy by 119.2% during the second quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock valued at $106,000 after buying an additional 1,541 shares during the period. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Viper Energy Trading Down 3.9 %

Shares of VNOM stock opened at $48.26 on Thursday. Viper Energy, Inc. has a fifty-two week low of $30.21 and a fifty-two week high of $56.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The stock’s fifty day moving average is $52.40 and its two-hundred day moving average is $46.19. The firm has a market capitalization of $9.09 billion, a P/E ratio of 20.71 and a beta of 1.71.

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

Viper Energy Dividend Announcement

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

Wall Street Analyst Weigh In

VNOM has been the subject of a number of analyst reports. Truist Financial upped their price objective on shares of Viper Energy from $57.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Raymond James increased 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. Bank of America began coverage on Viper Energy in a report on Tuesday, November 26th. They issued a “buy” rating and a $64.00 price objective on the stock. Barclays increased their target price on Viper Energy from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Roth Mkm boosted their price target 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. One research analyst has rated the stock with a sell rating and eleven have issued 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 an average price target of $58.18.

Viper Energy Company 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.