Viper Energy, Inc. (NASDAQ:VNOM) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Viper Energy, Inc. (NASDAQ:VNOM) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,743 shares of the oil and gas producer’s stock after buying an additional 381 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Viper Energy were worth $1,116,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp grew its holdings in Viper Energy by 78.2% during the 3rd quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer’s stock worth $172,918,000 after acquiring an additional 1,682,183 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Viper Energy during the fourth quarter valued at approximately $95,505,000. Geode Capital Management LLC lifted its holdings 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 buying an additional 234,048 shares during the last quarter. Horizon Kinetics Asset Management LLC grew its position in shares of Viper Energy by 20.4% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 1,589,404 shares of the oil and gas producer’s stock worth $77,992,000 after acquiring an additional 268,959 shares in the last quarter. Finally, Merewether Investment Management LP increased its holdings in shares of Viper Energy by 22.9% in the 3rd quarter. Merewether Investment Management LP now owns 860,600 shares of the oil and gas producer’s stock valued at $38,822,000 after acquiring an additional 160,600 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.

Wall Street Analysts Forecast Growth

VNOM has been the topic of several research analyst reports. StockNews.com upgraded Viper Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group set a $72.00 price target on shares of Viper Energy in a report on Monday, March 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Viper Energy from $56.00 to $51.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Raymond James restated an “outperform” rating and issued a $58.00 target price (down from $64.00) on shares of Viper Energy in a research note on Tuesday, February 4th. Finally, 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 report on Friday, December 13th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

Viper Energy Stock Performance

VNOM opened at $45.22 on Thursday. Viper Energy, Inc. has a 1 year low of $35.46 and a 1 year 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. The stock’s 50 day simple moving average is $46.80 and its 200-day simple moving average is $49.05. The stock has a market cap of $9.63 billion, a PE ratio of 19.41 and a beta of 1.69.

Viper Energy Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, March 6th were given a dividend of $0.65 per share. The ex-dividend date was Thursday, March 6th. This is an increase from Viper Energy’s previous dividend of $0.22. Viper Energy’s dividend payout ratio (DPR) is 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.