New York State Teachers Retirement System Increases Stock Holdings in Viper Energy, Inc. (NASDAQ:VNOM)

New York State Teachers Retirement System lifted its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,604 shares of the oil and gas producer’s stock after buying an additional 1,800 shares during the quarter. New York State Teachers Retirement System’s holdings in Viper Energy were worth $1,158,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of VNOM. Savant Capital LLC increased its holdings in Viper Energy by 2.1% during the 4th quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer’s stock worth $706,000 after purchasing an additional 293 shares during the last quarter. Andina Capital Management LLC grew its position in shares of Viper Energy by 2.5% in the 4th quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer’s stock worth $634,000 after acquiring an additional 312 shares in the last quarter. Fulcrum Equity Management grew its position in shares of Viper Energy by 4.1% in the 3rd quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer’s stock worth $430,000 after acquiring an additional 375 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Viper Energy by 328.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 450 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in shares of Viper Energy in the 4th quarter worth approximately $25,000. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Price Performance

NASDAQ VNOM opened at $48.33 on Monday. Viper Energy, Inc. has a twelve month low of $34.45 and a twelve month high of $56.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The stock has a market capitalization of $10.30 billion, a PE ratio of 20.74 and a beta of 1.71. The stock has a 50-day simple moving average of $49.30 and a 200 day simple moving average of $49.50.

Viper Energy Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 13th. Investors 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 a boost from Viper Energy’s previous dividend of $0.22. Viper Energy’s payout ratio is currently 51.50%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on VNOM shares. Truist Financial decreased their target price on Viper Energy from $78.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. KeyCorp upgraded 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. Barclays boosted their price objective on Viper Energy from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Evercore ISI boosted their price objective on Viper Energy from $45.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. boosted their price objective on Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.55.

Viper Energy 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.