Louisiana State Employees Retirement System Acquires New Holdings in Viper Energy Inc. $VNOM

Louisiana State Employees Retirement System bought a new stake in shares of Viper Energy Inc. (NASDAQ:VNOMFree Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 53,900 shares of the oil and gas producer’s stock, valued at approximately $2,533,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of VNOM. Los Angeles Capital Management LLC acquired a new stake in shares of Viper Energy in the fourth quarter valued at approximately $27,000. Ameriflex Group Inc. bought a new stake in shares of Viper Energy during the third quarter valued at approximately $38,000. Parallel Advisors LLC boosted its position in shares of Viper Energy by 68.3% during the third quarter. Parallel Advisors LLC now owns 1,400 shares of the oil and gas producer’s stock worth $54,000 after buying an additional 568 shares during the period. UMB Bank n.a. acquired a new position in shares of Viper Energy during the fourth quarter worth approximately $64,000. Finally, Nisa Investment Advisors LLC grew its holdings in Viper Energy by 256.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,794 shares of the oil and gas producer’s stock worth $69,000 after buying an additional 1,291 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Citigroup raised their target price on Viper Energy from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Zacks Research lowered Viper Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Wall Street Zen raised Viper Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Piper Sandler raised their price target on Viper Energy from $64.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Finally, Jefferies Financial Group upgraded shares of Viper Energy from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $58.15.

Check Out Our Latest Stock Analysis on VNOM

Viper Energy Stock Performance

Shares of NASDAQ VNOM opened at $42.41 on Tuesday. The stock’s fifty day simple moving average is $46.11 and its 200 day simple moving average is $43.78. The stock has a market capitalization of $15.23 billion, a price-to-earnings ratio of -132.53 and a beta of 0.38. The company has a quick ratio of 6.17, a current ratio of 6.17 and a debt-to-equity ratio of 0.15. Viper Energy Inc. has a 52-week low of $35.10 and a 52-week high of $51.13.

Viper Energy (NASDAQ:VNOMGet Free Report) last announced its earnings results on Monday, May 4th. The oil and gas producer reported $0.55 EPS for the quarter, beating the consensus estimate of $0.43 by $0.12. Viper Energy had a positive return on equity of 2.64% and a negative net margin of 2.77%.The business had revenue of $511.00 million during the quarter, compared to the consensus estimate of $499.81 million. During the same period in the prior year, the business posted $0.54 earnings per share. Viper Energy’s revenue was up 108.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Viper Energy Inc. will post 2.57 earnings per share for the current fiscal year.

Viper Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.52 dividend on an annualized basis and a yield of 3.6%. Viper Energy’s dividend payout ratio is currently -475.00%.

Viper Energy Profile

(Free Report)

Viper Energy Partners LP is a publicly traded master limited partnership that owns and intends to acquire mineral and royalty interests in oil and natural gas properties. As a pass-through entity, Viper Energy Partners does not engage in drilling or production operations directly; instead, it generates revenues by holding overriding royalty interests, mineral fee interests and royalty fee interests. These interests entitle the partnership to receive a percentage of the proceeds from hydrocarbons produced and sold by third-party operators.

The partnership’s assets are concentrated in the Permian Basin, with a primary focus on the Delaware Basin region of West Texas and southeastern New Mexico.

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Institutional Ownership by Quarter for Viper Energy (NASDAQ:VNOM)

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