Public Employees Retirement System of Ohio Boosts Stake in Viper Energy, Inc. (NASDAQ:VNOM)

Public Employees Retirement System of Ohio boosted its stake in Viper Energy, Inc. (NASDAQ:VNOM) by 5.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 37,125 shares of the oil and gas producer’s stock after purchasing an additional 2,073 shares during the period. Public Employees Retirement System of Ohio’s holdings in Viper Energy were worth $1,675,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in shares of Viper Energy by 328.5% in the third quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 450 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Viper Energy by 208.1% during the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 460 shares during the period. International Assets Investment Management LLC purchased a new stake in Viper Energy during the second quarter worth about $36,000. National Bank of Canada FI increased its stake in Viper Energy by 524.8% during the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock worth $63,000 after buying an additional 1,165 shares during the period. Finally, Plato Investment Management Ltd raised its stake in shares of Viper Energy by 119.2% in the second quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock valued at $106,000 after acquiring an additional 1,541 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Analysts Set New Price Targets

VNOM has been the topic of several analyst reports. Bank of America began coverage on shares of Viper Energy in a report on Tuesday, November 26th. They issued a “buy” rating and a $64.00 target price on the stock. KeyCorp upgraded Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price target on the stock in a research note on Friday, December 13th. Truist Financial lifted their price objective on shares of Viper Energy from $57.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Barclays upped their price target on Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group initiated coverage on shares of Viper Energy in a report on Monday, December 2nd. They set a “buy” rating and a $70.00 price target for the company. One analyst has rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $58.18.

Viper Energy Price Performance

Shares of NASDAQ VNOM opened at $48.26 on Thursday. The company’s 50-day moving average price is $52.40 and its 200 day moving average price is $46.19. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of 20.71 and a beta of 1.71. Viper Energy, Inc. has a 52 week low of $30.21 and a 52 week high of $56.76. 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 (NASDAQ:VNOM) last posted its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $209.59 million during the quarter, compared to analysts’ expectations of $210.54 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The firm’s quarterly revenue was down 28.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 EPS. As a group, research analysts forecast that Viper Energy, Inc. will post 2.01 earnings per share for the current fiscal year.

Viper Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 2.49%. Viper Energy’s payout ratio is currently 51.50%.

Viper Energy Company Profile

Viper Energy, Inc owns and acquires mineral and royalty interests in oil and natural gas properties in the Permian Basin, North America. Viper Energy Partners GP LLC operates as the general partner of the company. The company was formerly known as Viper Energy Partners LP and changed its name to Viper Energy, Inc in November 2023.