Viper Energy Inc. $VNOM Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its position in shares of Viper Energy Inc. (NASDAQ:VNOM) by 3.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,242 shares of the oil and gas producer’s stock after acquiring an additional 1,532 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Viper Energy were worth $1,573,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of VNOM. Vanguard Group Inc. boosted its position in shares of Viper Energy by 28.9% in the first quarter. Vanguard Group Inc. now owns 13,016,792 shares of the oil and gas producer’s stock worth $587,708,000 after buying an additional 2,921,832 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Viper Energy by 21.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,996,351 shares of the oil and gas producer’s stock worth $451,336,000 after buying an additional 1,778,093 shares during the period. Alyeska Investment Group L.P. boosted its position in shares of Viper Energy by 763.4% in the first quarter. Alyeska Investment Group L.P. now owns 1,799,642 shares of the oil and gas producer’s stock worth $81,254,000 after buying an additional 1,591,212 shares during the period. Wellington Management Group LLP boosted its position in shares of Viper Energy by 12.2% in the first quarter. Wellington Management Group LLP now owns 11,953,910 shares of the oil and gas producer’s stock worth $539,719,000 after buying an additional 1,301,933 shares during the period. Finally, Burkehill Global Management LP purchased a new stake in shares of Viper Energy in the first quarter worth about $27,090,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Viper Energy Trading Up 2.5%

Shares of NASDAQ VNOM opened at $39.01 on Friday. The stock’s 50 day moving average price is $38.30 and its two-hundred day moving average price is $39.61. Viper Energy Inc. has a 52-week low of $34.71 and a 52-week high of $56.76. The stock has a market capitalization of $11.26 billion, a P/E ratio of 11.27, a PEG ratio of 17.01 and a beta of 0.92. The company has a quick ratio of 6.15, a current ratio of 6.15 and a debt-to-equity ratio of 0.13.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Viper Energy had a return on equity of 3.92% and a net margin of 37.84%.The firm had revenue of $297.00 million for the quarter, compared to analysts’ expectations of $285.35 million. During the same quarter in the prior year, the firm posted $0.62 earnings per share. Viper Energy’s revenue for the quarter was up 37.1% compared to the same quarter last year. On average, analysts anticipate that Viper Energy Inc. will post 2.02 earnings per share for the current fiscal year.

Viper Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Thursday, August 14th. Viper Energy’s dividend payout ratio is presently 38.15%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. William Blair assumed coverage on Viper Energy in a research report on Monday, August 25th. They issued an “outperform” rating for the company. TD Securities set a $54.00 target price on Viper Energy in a research report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viper Energy in a research report on Saturday, September 27th. Piper Sandler increased their price target on Viper Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $57.00 price target (down previously from $60.00) on shares of Viper Energy in a report on Tuesday, July 29th. Sixteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $55.27.

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.