New York State Teachers Retirement System Buys Shares of 21,804 Viper Energy, Inc. (NASDAQ:VNOM)

New York State Teachers Retirement System bought a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,804 shares of the oil and gas producer's stock, valued at approximately $984,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Viper Energy by 23.3% during the first quarter. Vanguard Group Inc. now owns 8,481,119 shares of the oil and gas producer's stock worth $326,184,000 after buying an additional 1,603,333 shares during the period. Capital World Investors lifted its holdings in shares of Viper Energy by 16.8% during the 1st quarter. Capital World Investors now owns 6,410,968 shares of the oil and gas producer's stock worth $246,566,000 after acquiring an additional 923,276 shares during the period. Epoch Investment Partners Inc. boosted its position in shares of Viper Energy by 19.8% in the first quarter. Epoch Investment Partners Inc. now owns 3,001,411 shares of the oil and gas producer's stock worth $115,434,000 after acquiring an additional 496,131 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Viper Energy by 12.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,085,841 shares of the oil and gas producer's stock valued at $78,282,000 after purchasing an additional 224,021 shares during the period. Finally, Scout Investments Inc. grew its holdings in Viper Energy by 48.8% in the first quarter. Scout Investments Inc. now owns 1,934,469 shares of the oil and gas producer's stock valued at $73,703,000 after purchasing an additional 634,036 shares during the period. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Stock Down 0.6 %

NASDAQ:VNOM traded down $0.33 during mid-day trading on Friday, reaching $54.45. The stock had a trading volume of 824,281 shares, compared to its average volume of 792,801. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 7.06. The company has a market capitalization of $9.63 billion, a price-to-earnings ratio of 23.37 and a beta of 1.72. Viper Energy, Inc. has a 1-year low of $28.55 and a 1-year high of $56.08. The stock's 50 day simple moving average is $48.98 and its two-hundred day simple moving average is $43.34.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. Viper Energy had a return on equity of 6.99% and a net margin of 24.65%. The company had revenue of $209.59 million during the quarter, compared to analyst estimates of $210.54 million. During the same quarter last year, the firm earned $1.10 EPS. The business's revenue was down 28.5% on a year-over-year basis. Equities analysts anticipate that Viper Energy, Inc. will post 2.07 EPS for the current year.

Viper Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 2.20%. Viper Energy's payout ratio is 51.50%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on VNOM shares. Roth Mkm lifted their price target on shares of Viper Energy from $46.00 to $53.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Truist Financial lifted their target price on Viper Energy from $57.00 to $64.00 and gave the company a "buy" rating in a report on Wednesday. Barclays boosted their price target on Viper Energy from $52.00 to $58.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on Viper Energy from $41.00 to $44.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Finally, StockNews.com downgraded shares of Viper Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Viper Energy has a consensus rating of "Moderate Buy" and an average target price of $51.25.

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.