Viper Energy Inc. (NASDAQ:VNOM) Shares Purchased by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lifted its stake in Viper Energy Inc. (NASDAQ:VNOM - Free Report) by 38.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,600 shares of the oil and gas producer's stock after purchasing an additional 7,100 shares during the period. New Mexico Educational Retirement Board's holdings in Viper Energy were worth $1,156,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new position in Viper Energy during the 4th quarter valued at about $32,000. Assetmark Inc. increased its holdings in 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 acquiring an additional 518 shares in the last quarter. UMB Bank n.a. increased its holdings in Viper Energy by 129.0% during the 1st quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer's stock valued at $33,000 after acquiring an additional 414 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in Viper Energy by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,000 shares of the oil and gas producer's stock valued at $45,000 after acquiring an additional 500 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in Viper Energy during the 4th quarter valued at about $55,000. Institutional investors and hedge funds own 87.72% of the company's stock.

Analysts Set New Price Targets

VNOM has been the subject of several recent research reports. Wells Fargo & Company raised their target price on shares of Viper Energy from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Monday, June 16th. Wall Street Zen upgraded shares of Viper Energy from a "sell" rating to a "hold" rating in a report on Sunday, June 29th. Bank of America lowered their price target on shares of Viper Energy from $53.00 to $50.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Barclays lifted their price target on shares of Viper Energy from $57.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Viper Energy from $49.00 to $47.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Viper Energy presently has an average rating of "Moderate Buy" and a consensus price target of $57.00.

Viper Energy Trading Up 3.9%

VNOM stock traded up $1.45 during midday trading on Friday, reaching $38.57. 2,036,641 shares of the company's stock traded hands, compared to its average volume of 1,409,500. The company has a market capitalization of $11.13 billion, a P/E ratio of 10.15, a PEG ratio of 18.01 and a beta of 0.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 8.70 and a quick ratio of 8.70. Viper Energy Inc. has a fifty-two week low of $34.71 and a fifty-two week high of $56.76. The business has a 50-day moving average price of $40.07 and a two-hundred day moving average price of $43.56.

Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.09. The firm had revenue of $245.00 million for the quarter, compared to analysts' expectations of $233.99 million. Viper Energy had a net margin of 43.43% and a return on equity of 5.41%. During the same period in the previous year, the company posted $0.49 earnings per share. Equities research analysts forecast 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. Shareholders of record on Thursday, May 15th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.11%. Viper Energy's dividend payout ratio (DPR) is 31.58%.

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.