Trilogy Capital Inc. Buys 39,315 Shares of Viper Energy Inc. $VNOM

Trilogy Capital Inc. increased its stake in shares of Viper Energy Inc. (NASDAQ:VNOM) by 190.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 59,960 shares of the oil and gas producer’s stock after acquiring an additional 39,315 shares during the period. Trilogy Capital Inc.’s holdings in Viper Energy were worth $2,292,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Financial Gravity Companies Inc. bought a new stake in Viper Energy during the second quarter worth approximately $27,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Viper Energy in the third quarter worth $31,000. Assetmark Inc. boosted its holdings in shares of Viper Energy by 48.7% during the 2nd quarter. Assetmark Inc. now owns 1,068 shares of the oil and gas producer’s stock worth $41,000 after buying an additional 350 shares during the period. CoreCap Advisors LLC boosted its holdings in shares of Viper Energy by 503.3% during the 3rd quarter. CoreCap Advisors LLC now owns 1,086 shares of the oil and gas producer’s stock worth $42,000 after buying an additional 906 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in Viper Energy by 82.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,181 shares of the oil and gas producer’s stock valued at $45,000 after buying an additional 534 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VNOM has been the subject of a number of research analyst reports. Morgan Stanley cut their target price on shares of Viper Energy from $46.00 to $45.00 and set an “overweight” rating for the company in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Viper Energy in a research note on Wednesday, October 8th. Mizuho increased their target price on Viper Energy from $51.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Jefferies Financial Group assumed coverage on Viper Energy in a report on Thursday, October 23rd. They issued a “hold” rating and a $38.00 target price on the stock. Finally, Wells Fargo & Company upped their price target on Viper Energy from $49.00 to $51.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Fourteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Viper Energy presently has a consensus rating of “Moderate Buy” and an average target price of $54.20.

Viper Energy Stock Up 0.7%

VNOM stock opened at $36.54 on Monday. Viper Energy Inc. has a twelve month low of $34.71 and a twelve month high of $52.03. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The company has a market cap of $13.14 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 21.84 and a beta of 0.48. The business’s 50-day simple moving average is $37.96 and its 200 day simple moving average is $37.96.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, November 3rd. The oil and gas producer reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Viper Energy had a return on equity of 3.09% and a net margin of 20.62%.The company had revenue of $418.00 million during the quarter, compared to the consensus estimate of $389.35 million. During the same quarter last year, the company earned $0.49 EPS. The company’s quarterly revenue was up 98.1% on a year-over-year basis. On average, research analysts anticipate that Viper Energy Inc. will post 2.02 earnings per share for the current year.

Viper Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, November 13th. Viper Energy’s dividend payout ratio (DPR) is 54.55%.

Viper Energy Company Profile

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.