Trilogy Capital Inc. Buys Shares of 20,645 Viper Energy Inc. $VNOM

Key Points

• Trilogy Capital Inc. acquired a new position in Viper Energy Inc., purchasing 20,645 shares valued at approximately $787,000 during the second quarter.
• Viper Energy reported a quarterly EPS of $0.41, exceeding analysts' expected $0.34, with revenues up 37.1% year-over-year.
• The company recently announced a quarterly dividend of $0.53 per share, yielding 5.5%, with a payout ratio of 38.15%.

Trilogy Capital Inc. bought a new position in Viper Energy Inc. (NASDAQ:VNOM - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 20,645 shares of the oil and gas producer's stock, valued at approximately $787,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VNOM. UMB Bank n.a. boosted its stake in Viper Energy by 129.0% in the 1st quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer's stock worth $33,000 after purchasing an additional 414 shares during the period. Cullen Frost Bankers Inc. acquired a new position in Viper Energy in the 1st quarter worth $34,000. AlphaQuest LLC acquired a new position in Viper Energy in the 1st quarter worth $41,000. Golden State Wealth Management LLC boosted its stake in Viper Energy by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,000 shares of the oil and gas producer's stock worth $45,000 after purchasing an additional 500 shares during the period. Finally, US Bancorp DE boosted its stake in Viper Energy by 39.1% in the 1st quarter. US Bancorp DE now owns 1,965 shares of the oil and gas producer's stock worth $89,000 after purchasing an additional 552 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Stock Up 1.3%

Shares of VNOM stock opened at $38.73 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 6.15 and a current ratio of 6.15. The firm's 50-day moving average is $38.28 and its 200-day moving average is $39.68. The stock has a market cap of $11.18 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 17.08 and a beta of 0.92. Viper Energy Inc. has a 52-week low of $34.71 and a 52-week high of $56.76.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its earnings results on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. The company had revenue of $297.00 million for the quarter, compared to analysts' expectations of $285.35 million. Viper Energy had a net margin of 37.84% and a return on equity of 3.92%. Viper Energy's quarterly revenue was up 37.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 EPS. Sell-side analysts predict that Viper Energy Inc. will post 2.02 EPS for the current year.

Viper Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Thursday, August 14th. Viper Energy's dividend payout ratio is presently 38.15%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VNOM. William Blair began coverage on shares of Viper Energy in a research note on Monday, August 25th. They issued an "outperform" rating for the company. Raymond James Financial reissued an "outperform" rating and set a $57.00 price target (down from $60.00) on shares of Viper Energy in a research report on Tuesday, July 29th. Barclays boosted their price target on shares of Viper Energy from $57.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. TD Securities set a $54.00 price target on shares of Viper Energy in a research report on Tuesday. Finally, KeyCorp cut their price target on shares of Viper Energy from $56.00 to $54.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 3rd. Sixteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Viper Energy has an average rating of "Buy" and a consensus price target of $55.27.

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.

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