New York State Teachers Retirement System Has $1.06 Million Stock Position in Viper Energy Inc. $VNOM

New York State Teachers Retirement System lifted its stake in shares of Viper Energy Inc. (NASDAQ:VNOM) by 3.7% during the second quarter, HoldingsChannel reports. The firm owned 27,774 shares of the oil and gas producer’s stock after acquiring an additional 995 shares during the quarter. New York State Teachers Retirement System’s holdings in Viper Energy were worth $1,059,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in VNOM. Vanguard Group Inc. grew its stake in shares of Viper Energy by 28.9% in the first quarter. Vanguard Group Inc. now owns 13,016,792 shares of the oil and gas producer’s stock valued at $587,708,000 after buying an additional 2,921,832 shares in the last quarter. Wellington Management Group LLP lifted its stake in Viper Energy by 12.2% in the first quarter. Wellington Management Group LLP now owns 11,953,910 shares of the oil and gas producer’s stock valued at $539,719,000 after acquiring an additional 1,301,933 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Viper Energy by 21.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,996,351 shares of the oil and gas producer’s stock valued at $451,336,000 after acquiring an additional 1,778,093 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Viper Energy by 19.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,751,660 shares of the oil and gas producer’s stock valued at $124,238,000 after acquiring an additional 442,235 shares during the last quarter. Finally, Woodline Partners LP lifted its stake in Viper Energy by 37.4% in the first quarter. Woodline Partners LP now owns 1,980,786 shares of the oil and gas producer’s stock valued at $89,432,000 after acquiring an additional 539,517 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Viper Energy from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Morgan Stanley cut their price target on shares of Viper Energy from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Tuesday, October 14th. Roth Capital set a $50.00 price target on shares of Viper Energy and gave the company a “buy” rating in a research note on Tuesday, August 26th. Barclays cut their price target on shares of Viper Energy from $60.00 to $57.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $57.00 price target (down previously from $60.00) on shares of Viper Energy in a research note on Tuesday, July 29th. Fifteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.21.

Viper Energy Price Performance

Shares of Viper Energy stock opened at $37.49 on Thursday. The company has a quick ratio of 6.15, a current ratio of 6.15 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $10.82 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 16.46 and a beta of 0.92. Viper Energy Inc. has a twelve month low of $34.71 and a twelve month high of $56.76. The company has a 50-day simple moving average of $38.18 and a two-hundred day simple moving average of $38.98.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Viper Energy had a net margin of 37.84% and a return on equity of 3.92%. The firm had revenue of $297.00 million for the quarter, compared to analyst estimates of $285.35 million. During the same quarter in the prior year, the business posted $0.62 EPS. The business’s revenue was up 37.1% compared to the same quarter last year. Analysts forecast that Viper Energy Inc. will post 2.02 EPS for the current year.

Viper Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Thursday, August 14th. Viper Energy’s dividend payout ratio is presently 38.15%.

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.