Sun Sep 15 10:20:50 UTC 2024: ## Institutional Investors Show Strong Interest in Viper Energy, Inc. (VNOM)
**Phoenix, AZ** – Arizona State Retirement System, a major institutional investor, increased its stake in Viper Energy, Inc. (VNOM) by 2% during the second quarter, according to HoldingsChannel.com. This move follows a trend of increased interest in the oil and gas producer from other institutional investors.
The retirement system now owns 22,600 shares of VNOM, valued at $848,000. Other notable investors include Aurora Investment Counsel, Naples Global Advisors LLC, Adalta Capital Management LLC, and Cambridge Investment Research Advisors Inc., all of whom boosted their holdings in the company during recent quarters.
Several research reports have also contributed to the positive sentiment surrounding VNOM. Barclays, Truist Financial, Piper Sandler, Evercore ISI, and TD Securities have all issued “overweight” or “buy” ratings on the stock, with price targets ranging from $44 to $57. Overall, VNOM currently boasts a “Moderate Buy” consensus rating and an average price target of $48.17, according to MarketBeat.
Viper Energy recently reported strong second-quarter earnings, exceeding analyst expectations and delivering a 34.8% year-over-year revenue increase. The company also declared a quarterly dividend of $0.30 per share, reflecting a dividend yield of 2.79%.
With hedge funds and institutional investors owning a substantial 87.72% of VNOM stock, the company appears well-positioned to benefit from continued strong performance in the oil and gas sector.
First Piper 