Teacher Retirement System of Texas Has $593,000 Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

Teacher Retirement System of Texas trimmed its position in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 36.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,079 shares of the oil and gas producer's stock after selling 7,022 shares during the period. Teacher Retirement System of Texas' holdings in Viper Energy were worth $593,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. raised its position in Viper Energy by 43.9% in the fourth quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock valued at $34,000 after purchasing an additional 214 shares during the last quarter. Savant Capital LLC raised its holdings in Viper Energy by 2.1% in the 4th quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer's stock valued at $706,000 after buying an additional 293 shares during the last quarter. Andina Capital Management LLC boosted its position in Viper Energy by 2.5% during the 4th quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer's stock worth $634,000 after buying an additional 312 shares during the period. Fulcrum Equity Management boosted its position in 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 buying an additional 375 shares during the period. Finally, Thrivent Financial for Lutherans grew its holdings in Viper Energy by 1.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 24,230 shares of the oil and gas producer's stock worth $1,189,000 after acquiring an additional 397 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

Viper Energy Stock Down 9.5 %

Shares of Viper Energy stock traded down $4.38 during trading on Thursday, reaching $41.56. 1,471,793 shares of the company traded hands, compared to its average volume of 1,242,672. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. The firm has a market capitalization of $8.85 billion, a PE ratio of 17.84 and a beta of 1.69. The company has a 50 day moving average price of $46.10 and a 200-day moving average price of $49.02. Viper Energy, Inc. has a 1-year low of $35.46 and a 1-year high of $56.76.

Viper Energy Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th were given a dividend of $0.65 per share. The ex-dividend date was Thursday, March 6th. This is a boost from Viper Energy's previous dividend of $0.22. Viper Energy's dividend payout ratio is 32.70%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VNOM. Barclays lifted their price target on shares of Viper Energy from $58.00 to $60.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. The Goldman Sachs Group set a $72.00 target price on Viper Energy in a report on Monday, March 3rd. Truist Financial decreased their price target on Viper Energy from $78.00 to $68.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. StockNews.com raised Viper Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, KeyCorp raised shares of Viper Energy from a "sector weight" rating to an "overweight" rating and set a $62.00 target price for the company in a research report on Friday, December 13th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.77.

Viper Energy Company 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.