Viper Energy, Inc. (NASDAQ:VNOM) Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund raised its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,000 shares of the oil and gas producer’s stock after acquiring an additional 400 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Viper Energy were worth $1,030,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. FMR LLC grew its holdings in shares of Viper Energy by 4,836.9% in the third quarter. FMR LLC now owns 74,596 shares of the oil and gas producer’s stock valued at $3,365,000 after purchasing an additional 73,085 shares in the last quarter. New York State Teachers Retirement System acquired a new position in shares of Viper Energy in the third quarter valued at approximately $984,000. Geode Capital Management LLC grew its holdings in shares of Viper Energy by 16.0% in the third quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer’s stock valued at $76,647,000 after purchasing an additional 234,048 shares in the last quarter. Summit Global Investments acquired a new position in shares of Viper Energy in the third quarter valued at approximately $706,000. Finally, Retirement Systems of Alabama acquired a new position in shares of Viper Energy in the third quarter valued at approximately $12,980,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VNOM has been the subject of a number of research reports. Raymond James restated an “outperform” rating and issued a $58.00 price objective (down previously from $64.00) on shares of Viper Energy in a report on Tuesday, February 4th. KeyCorp upgraded shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price objective for the company in a report on Friday, December 13th. Bank of America started coverage on shares of Viper Energy in a research note on Tuesday, November 26th. They issued a “buy” rating and a $64.00 price target for the company. 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 research note on Monday, February 3rd. Finally, Piper Sandler decreased their price target on shares of Viper Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Viper Energy has a consensus rating of “Moderate Buy” and a consensus target price of $59.55.

Viper Energy Stock Up 2.3 %

Shares of NASDAQ:VNOM opened at $46.57 on Friday. The company has a market capitalization of $9.92 billion, a PE ratio of 19.99 and a beta of 1.71. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a twelve month low of $34.45 and a twelve month high of $56.76. The firm has a 50 day simple moving average of $48.98 and a 200-day simple moving average of $49.51.

Viper Energy Increases Dividend

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

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.