Teacher Retirement System of Texas Purchases 6,578 Shares of Viper Energy Inc. (NASDAQ:VNOM)

Teacher Retirement System of Texas raised its position in shares of Viper Energy Inc. (NASDAQ:VNOM) by 54.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,657 shares of the oil and gas producer’s stock after purchasing an additional 6,578 shares during the period. Teacher Retirement System of Texas’ holdings in Viper Energy were worth $842,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. New York State Teachers Retirement System raised its position in Viper Energy by 13.5% during the 1st quarter. New York State Teachers Retirement System now owns 26,779 shares of the oil and gas producer’s stock valued at $1,209,000 after purchasing an additional 3,175 shares in the last quarter. Amalgamated Bank raised its position in Viper Energy by 21.3% during the 1st quarter. Amalgamated Bank now owns 59,901 shares of the oil and gas producer’s stock valued at $2,705,000 after purchasing an additional 10,529 shares in the last quarter. Highland Capital Management LLC bought a new position in shares of Viper Energy in the 1st quarter worth $290,000. Golden State Wealth Management LLC raised its position in shares of Viper Energy by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,000 shares of the oil and gas producer’s stock worth $45,000 after acquiring an additional 500 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Viper Energy in the 1st quarter worth $131,000. 87.72% of the stock is owned by institutional investors.

Viper Energy Stock Down 2.6%

Viper Energy stock opened at $37.55 on Tuesday. The business’s 50-day simple moving average is $40.00 and its two-hundred day simple moving average is $43.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 8.70 and a current ratio of 8.70. The company has a market cap of $10.83 billion, a PE ratio of 9.88, a PEG ratio of 18.72 and a beta of 0.97. Viper Energy Inc. has a fifty-two week low of $34.71 and a fifty-two week high of $56.76.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.09. The business had revenue of $245.00 million for the quarter, compared to analyst estimates of $233.99 million. Viper Energy had a return on equity of 5.41% and a net margin of 43.43%. During the same period in the prior year, the company earned $0.49 earnings per share. Equities analysts anticipate that Viper Energy Inc. will post 2.02 EPS for the current year.

Viper Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Thursday, May 15th. Viper Energy’s dividend payout ratio is presently 31.58%.

Analysts Set New Price Targets

Several research firms have recently commented on VNOM. Raymond James Financial reissued an “outperform” rating and issued a $60.00 price target (up from $54.00) on shares of Viper Energy in a research report on Thursday, June 5th. Bank of America reduced their price target on Viper Energy from $53.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, May 23rd. TD Securities boosted their price target on Viper Energy from $57.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Piper Sandler reduced their price target on Viper Energy from $62.00 to $61.00 and set an “overweight” rating for the company in a research report on Tuesday, May 13th. Finally, Wall Street Zen raised Viper Energy from a “sell” rating to a “hold” rating in a research report on Sunday, June 29th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $57.00.

Viper Energy Profile

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.