Viper Energy Partners LP (NASDAQ:VNOM) enjoyed a 50.48% run-up in share price since hitting record low of $22.76. The stock managed 4.01% rise and now stands at $34.25 as of 4/22/2019. At a recent session, the prices were hovering between $32.7 and $33.5. This company shares are 21.78% off its target price of $41.71 and the current market capitalization stands at $2.1B. The recent change has given its price a 1.81% lead over SMA 50 and -22.16% deficit over its 52-week high. The stock witnessed 0.76% gains, 11.96% gains and -9.27% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found VNOM’s volatility during a week at 2.93% and during a month it has been found around 3.06%.Viper Energy Partners LP (VNOM) Top Holders
Institutional investors currently hold around $1.39 billion or 66.6% in VNOM stock. Look at its top three institutional owners: Wellington Management Group Llp owns $246.1 million in Viper Energy Partners LP, which represents roughly 11.72% of the company’s market cap and approximately 17.76% of the institutional ownership. Similar statistics are true for the second largest owner, Capital World Investors, which owns 4,009,489 shares of the stock are valued at $132.03 million. The third largest holder is Fmr Llc, which currently holds $118.17 million worth of this stock and that ownership represents nearly 5.63% of its market capitalization.
At the end of December reporting period, 75 institutional holders increased their position in Viper Energy Partners LP (NASDAQ:VNOM) by some 9,761,699 shares, 71 decreased positions by 5,060,641 and 9 held positions by 27,272,424. That puts total institutional holdings at 42,094,764 shares, according to SEC filings. The stock grabbed 31 new institutional investments totaling 2,875,097 shares while 34 institutional investors sold out their entire positions totaling 1,154,527 shares.Viper Energy Partners LP (NASDAQ:VNOM) Insider Trades
Multiple company employees have indulged in significant insider trading. Viper Energy Partners LP disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President Van’t Hof Matthew Kaes has sold 2,300 shares of Viper Energy Partners LP (VNOM) in the trading session dated Mar. 13, 2019. These shares are worth $77,073 and were traded at $33.51 each. The SEC filing shows that Van’t Hof Matthew Kaes performed a sale of 5,000 shares. The President disposed these shares by way of transaction on Dec. 20, 2018. The company’s shares were given away at $25.76 per share worth to an income of some $128,800 to the account of Van’t Hof Matthew Kaes.
Director, Hollis Michael L., purchased 3,000 common shares of Viper Energy Partners LP (VNOM) in the open market. In a transaction dated Nov. 01, 2018, the shares were bought at an average price of $33.68, giving away a sum of $101,040. After this purchase, 81,461 common shares of VNOM are directly owned by the insider, with total stake valued at $2,790,039.
In the transaction dated Sep. 14, 2018, a great number of shares sold came courtesy the President; Van’t Hof Matthew Kaes disposed a total of 14,800 shares at an average price of $38.71, amounting to approximately $572,908. The insider now directly owns 57,673 shares worth $1,975,300.
Several analysts have released their opinion on Viper Energy Partners LP (NASDAQ:VNOM), with 8 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 8 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.5 average brokerage recommendation [T1].