Teachers Retirement System of The State of Kentucky Buys 12,500 Shares of Viper Energy Inc. $VNOM

Teachers Retirement System of The State of Kentucky grew its stake in Viper Energy Inc. (NASDAQ:VNOM) by 31.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,650 shares of the oil and gas producer’s stock after purchasing an additional 12,500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Viper Energy were worth $1,995,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Ironsides Asset Advisors LLC grew its stake in shares of Viper Energy by 3.7% in the 3rd quarter. Ironsides Asset Advisors LLC now owns 7,841 shares of the oil and gas producer’s stock valued at $300,000 after purchasing an additional 280 shares during the period. HB Wealth Management LLC grew its stake in shares of Viper Energy by 5.3% in the 4th quarter. HB Wealth Management LLC now owns 6,348 shares of the oil and gas producer’s stock valued at $245,000 after purchasing an additional 317 shares during the period. Aurora Investment Counsel grew its stake in shares of Viper Energy by 1.0% in the 3rd quarter. Aurora Investment Counsel now owns 37,746 shares of the oil and gas producer’s stock valued at $1,443,000 after purchasing an additional 359 shares during the period. Moneta Group Investment Advisors LLC grew its position in Viper Energy by 4.6% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 9,239 shares of the oil and gas producer’s stock worth $353,000 after acquiring an additional 409 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its position in Viper Energy by 0.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 128,182 shares of the oil and gas producer’s stock worth $4,952,000 after acquiring an additional 477 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Viper Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Truist Financial initiated coverage on Viper Energy in a research note on Tuesday, March 24th. They issued a “buy” rating and a $54.00 target price for the company. Wells Fargo & Company restated an “overweight” rating and issued a $60.00 target price on shares of Viper Energy in a research note on Monday, April 20th. Citigroup raised their target price on Viper Energy from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Finally, Piper Sandler raised their target price on Viper Energy from $64.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $55.00.

Viper Energy Stock Up 0.1%

NASDAQ VNOM opened at $47.84 on Wednesday. The stock has a fifty day moving average of $46.06 and a 200-day moving average of $41.25. The stock has a market capitalization of $17.11 billion, a P/E ratio of -207.99, a price-to-earnings-growth ratio of 1.00 and a beta of 0.50. Viper Energy Inc. has a 52 week low of $35.10 and a 52 week high of $49.08. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.72 and a current ratio of 3.72.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Monday, February 23rd. The oil and gas producer reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $435.00 million during the quarter, compared to analysts’ expectations of $415.51 million. Viper Energy had a positive return on equity of 2.62% and a negative net margin of 4.87%.The business’s revenue for the quarter was up 87.6% on a year-over-year basis. During the same period last year, the firm earned $2.04 EPS. On average, equities research analysts forecast that Viper Energy Inc. will post 2.33 EPS for the current year.

Viper Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, March 5th were paid a $0.38 dividend. This is an increase from Viper Energy’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $1.52 annualized dividend and a dividend yield of 3.2%. Viper Energy’s payout ratio is -660.87%.

Viper Energy Profile

Viper Energy Partners LP is a publicly traded master limited partnership that owns and intends to acquire mineral and royalty interests in oil and natural gas properties. As a pass-through entity, Viper Energy Partners does not engage in drilling or production operations directly; instead, it generates revenues by holding overriding royalty interests, mineral fee interests and royalty fee interests. These interests entitle the partnership to receive a percentage of the proceeds from hydrocarbons produced and sold by third-party operators.

The partnership’s assets are concentrated in the Permian Basin, with a primary focus on the Delaware Basin region of West Texas and southeastern New Mexico.