Kayne Anderson Capital Advisors Lp Increased Viper Energy Partners Lp (NASDAQ:VNOM) Stake by $14.76 Million

August 12, 2018 - By Lisa Delgado

Kayne Anderson Capital Advisors Lp increased its stake in Viper Energy Partners Lp (NASDAQ:VNOM) by 31.87% based on its latest 2018Q2 regulatory filing with the SEC. Kayne Anderson Capital Advisors Lp bought 476,000 shares as the company’s stock rose 37.18% while stock markets declined. The hedge fund held 1.97 million shares of the oil & gas production company at the end of 2018Q2, valued at $62.84 million, up from 1.49 million at the end of the previous reported quarter. Kayne Anderson Capital Advisors Lp who had been investing in Viper Energy Partners Lp for a number of months, seems to be bullish on the $7.24B market cap company. The stock decreased 1.17% or $0.44 during the last trading session, reaching $37.09. About 855,308 shares traded or 8.05% up from the average. Viper Energy Partners LP (NASDAQ:VNOM) has risen 84.79% since August 13, 2017 and is uptrending. It has outperformed by 72.22% the S&P500.

Kayne Anderson Capital Advisors Lp, which manages about $18.02 billion and $7.69 billion US Long portfolio, decreased its stake in Spectra Energy Partners Lp (NYSE:SEP) by 334,850 shares to 2.60 million shares, valued at $92.21M in 2018Q2, according to the filing. It also reduced its holding in Cheniere Energy Ptnrs Lp Hld (NYSEMKT:CQH) by 581,510 shares in the quarter, leaving it with 529,700 shares, and cut its stake in Oneok Inc New (NYSE:OKE).

Kayne Anderson Capital Advisors Lp is a California-based hedge fund with more than $18.02 billion AUM in January, 2015. Taken from Kayne Anderson Capital Advisors latest Adv, the fund reported to have 207 full and part-time employees. Among which 96 performing investment advisory and research functions. The hedge fund had between 26-100 clients.

Viper Energy Partners LP (NASDAQ:VNOM) Ratings Coverage

Among 5 analysts covering Viper Energy (NASDAQ:VNOM), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Viper Energy had 8 analyst reports since February 21, 2018 according to SRatingsIntel. Citigroup maintained the stock with “Neutral” rating in Tuesday, July 31 report. The stock of Viper Energy Partners LP (NASDAQ:VNOM) earned “Buy” rating by Piper Jaffray on Tuesday, February 27. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, May 3. The firm earned “Hold” rating on Wednesday, February 21 by Citigroup. The firm has “Buy” rating by SunTrust given on Monday, April 16. The stock has “Buy” rating by Piper Jaffray on Wednesday, April 18. As per Monday, June 4, the company rating was downgraded by Stifel Nicolaus.

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. The company has market cap of $7.24 billion. The firm holds mineral interests covering an area of approximately 43,843 net acres in the Permian Basin, West Texas. It has a 30.25 P/E ratio. As of December 31, 2017, its estimated proved oil and natural gas reserves consisted of 38,246 thousand barrels of crude oil equivalent.

More important recent Viper Energy Partners LP (NASDAQ:VNOM) news were published by: Seekingalpha.com which released: “Viper Energy Partners LP (VNOM) CEO Travis Stice on Q2 2018 Results – Earnings Call Transcript” on August 10, 2018, also Bizjournals.com published article titled: “Houston startup to sell Permian Basin assets to Midland energy co. in $1.2B deal”, Marketwatch.com published: “Nasdaq nails trendline support (again), bullish intraday reversal underway” on August 02, 2018. More interesting news about Viper Energy Partners LP (NASDAQ:VNOM) was released by: Benzinga.com and their article: “26 Stocks Moving In Monday’s Pre-Market Session” with publication date: August 06, 2018.

Viper Energy Partners LP (NASDAQ:VNOM) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.