Teacher Retirement System of Texas Decreases Stake in Viper Energy, Inc. (NASDAQ:VNOM)

Teacher Retirement System of Texas cut its holdings in Viper Energy, Inc. (NASDAQ:VNOM) by 36.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC bought a new position in shares of Viper Energy during the fourth quarter valued at approximately $25,000. Assetmark Inc. increased its position in Viper Energy by 321.7% during the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 518 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Viper Energy by 43.9% during the 4th 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 in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Viper Energy in the fourth quarter valued at about $55,000. Finally, National Bank of Canada FI increased its stake in shares of Viper Energy by 524.8% in the third quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock worth $63,000 after acquiring an additional 1,165 shares during the period. 87.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on VNOM shares. Truist Financial decreased their target price on Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Evercore ISI lifted their price objective on Viper Energy from $45.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price target on shares of Viper Energy from $56.00 to $51.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. 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 lowered their target price on shares of Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Viper Energy currently has an average rating of “Moderate Buy” and a consensus price target of $59.00.

Viper Energy Stock Down 0.5 %

Shares of Viper Energy stock opened at $44.19 on Monday. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy, Inc. has a 12-month low of $35.46 and a 12-month high of $56.76. The stock has a 50 day moving average price of $46.53 and a two-hundred day moving average price of $49.06. The stock has a market capitalization of $9.41 billion, a P/E ratio of 18.97 and a beta of 1.69.

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 paid a $0.65 dividend. This is an increase from Viper Energy’s previous dividend of $0.22. The ex-dividend date was Thursday, March 6th. Viper Energy’s dividend payout ratio (DPR) is presently 32.70%.

About Viper Energy

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.