Retirement Systems of Alabama Buys Shares of 287,744 Viper Energy, Inc. (NASDAQ:VNOM)

Retirement Systems of Alabama purchased a new position in shares of Viper Energy, Inc. (NASDAQ:VNOM - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 287,744 shares of the oil and gas producer's stock, valued at approximately $12,980,000. Retirement Systems of Alabama owned approximately 0.15% of Viper Energy as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Fulcrum Equity Management boosted its holdings in shares of Viper Energy by 4.1% during the 3rd quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer's stock worth $430,000 after purchasing an additional 375 shares during the last quarter. Farther Finance Advisors LLC boosted its stake 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 worth $26,000 after buying an additional 450 shares during the last quarter. Arizona State Retirement System grew its holdings in Viper Energy by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 22,600 shares of the oil and gas producer's stock valued at $848,000 after buying an additional 453 shares in the last quarter. Andina Capital Management LLC increased its stake in shares of Viper Energy by 3.8% in the 3rd quarter. Andina Capital Management LLC now owns 12,612 shares of the oil and gas producer's stock worth $569,000 after acquiring an additional 459 shares during the last quarter. Finally, GAMMA Investing LLC raised 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 worth $31,000 after acquiring an additional 460 shares during the period. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Stock Down 0.1 %

VNOM stock traded down $0.03 during trading on Monday, hitting $51.16. 799,630 shares of the company's stock were exchanged, compared to its average volume of 1,062,008. The stock has a market capitalization of $9.64 billion, a price-to-earnings ratio of 21.97 and a beta of 1.71. Viper Energy, Inc. has a 52-week low of $30.21 and a 52-week high of $56.76. 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 business has a 50-day moving average price of $52.46 and a two-hundred day moving average price of $46.00.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, beating 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 business had revenue of $209.59 million during the quarter, compared to analysts' expectations of $210.54 million. During the same quarter in the prior year, the business posted $1.10 EPS. The company's revenue for the quarter was down 28.5% on a year-over-year basis. As a group, equities research analysts expect that Viper Energy, Inc. will post 2.01 EPS for the current year.

Viper Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, November 14th. Viper Energy's dividend payout ratio (DPR) is currently 51.50%.

Analyst Upgrades and Downgrades

VNOM has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Viper Energy from $43.00 to $51.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. TD Securities increased their price target on shares of Viper Energy from $46.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, September 12th. Barclays lifted their price target on shares of Viper Energy from $52.00 to $58.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Bank of America started coverage on Viper Energy in a research report on Tuesday, November 26th. They issued a "buy" rating and a $64.00 price objective for the company. Finally, Roth Mkm raised their target price on Viper Energy from $46.00 to $53.00 and gave the stock a "buy" rating in a research note 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $58.27.

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.