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

Oregon Public Employees Retirement Fund increased its holdings in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,000 shares of the oil and gas producer’s stock after purchasing 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 large investors have also recently bought and sold shares of the company. FMR LLC boosted its stake in Viper Energy by 4,836.9% during the 3rd quarter. FMR LLC now owns 74,596 shares of the oil and gas producer’s stock worth $3,365,000 after purchasing an additional 73,085 shares during the period. New York State Teachers Retirement System acquired a new stake in Viper Energy during the 3rd quarter worth $984,000. Geode Capital Management LLC boosted its stake in Viper Energy by 16.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer’s stock worth $76,647,000 after purchasing an additional 234,048 shares during the period. Summit Global Investments acquired a new stake in Viper Energy during the 3rd quarter worth $706,000. Finally, Retirement Systems of Alabama purchased a new position in Viper Energy during the 3rd quarter worth $12,980,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on VNOM shares. Barclays upped their price objective on shares of Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. 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 research report on Friday, December 13th. Evercore ISI upped their price objective on shares of Viper Energy from $45.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Truist Financial cut their price objective on shares of Viper Energy from $78.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group started coverage on shares of Viper Energy in a research report on Monday, December 2nd. They set a “buy” rating and a $70.00 price objective for the company. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Viper Energy has an average rating of “Moderate Buy” and a consensus price target of $59.55.

Viper Energy Stock Performance

Shares of VNOM opened at $46.57 on Friday. The company has a 50-day simple moving average of $48.98 and a 200-day simple moving average of $49.51. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $9.92 billion, a PE ratio of 19.99 and a beta of 1.71. Viper Energy, Inc. has a 52-week low of $34.45 and a 52-week high of $56.76.

Viper Energy Increases Dividend

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

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.