California State Teachers Retirement System Acquires 9,035 Shares of Viper Energy, Inc. (NASDAQ:VNOM)

California State Teachers Retirement System grew its holdings in Viper Energy, Inc. (NASDAQ:VNOM - Free Report) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 96,293 shares of the oil and gas producer's stock after acquiring an additional 9,035 shares during the period. California State Teachers Retirement System's holdings in Viper Energy were worth $4,725,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC bought a new position in Viper Energy in the 4th quarter worth $25,000. Quarry LP bought a new position in shares of Viper Energy in the fourth quarter worth about $32,000. Assetmark Inc. lifted its position in shares of 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. grew its stake in shares of 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 acquiring an additional 214 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Viper Energy in the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 87.72% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on VNOM. Piper Sandler lowered their price target on shares of Viper Energy from $62.00 to $61.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Wells Fargo & Company lowered their target price on shares of Viper Energy from $51.00 to $48.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Wall Street Zen lowered Viper Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Mizuho raised their price target on Viper Energy from $54.00 to $55.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their price objective on Viper Energy from $49.00 to $47.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $56.38.

Viper Energy Price Performance

Shares of NASDAQ:VNOM traded down $1.29 during mid-day trading on Wednesday, reaching $40.14. The stock had a trading volume of 2,541,558 shares, compared to its average volume of 1,339,551. The business's 50 day moving average price is $40.59 and its 200 day moving average price is $45.91. Viper Energy, Inc. has a 1 year low of $34.71 and a 1 year high of $56.76. The company has a market cap of $11.58 billion, a P/E ratio of 17.23 and a beta of 1.05. 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 - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.09. The business had revenue of $245.00 million for the quarter, compared to the consensus estimate of $233.99 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. During the same quarter in the previous year, the company posted $0.49 EPS. Research analysts expect that Viper Energy, Inc. will post 2.02 EPS for the current fiscal year.

Viper Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.99%. The ex-dividend date was Thursday, May 15th. Viper Energy's dividend payout ratio is presently 31.58%.

Viper Energy Company 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.