Monitoring Viper Energy Partners LP (VNOM) after recent insider movements


Viper Energy Partners LP’s filing revealed that its 10% Owner BX SWT ML Holdco LLC unloaded Company’s shares for reported $6.39 million on Nov 07. In the deal valued at $35.48 per share,180,000 shares were sold. As a result of this transaction, BX SWT ML Holdco LLC now holds 10,295,000 shares worth roughly $ 364.65 million.

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Then, Blackstone Holdings III L.P. sold 180,000 shares, generating $6,385,791 in total proceeds. Upon selling the shares at $35.48, the 10% Owner now owns 10,295,000 shares.

Before that, BX SWT ML Holdco LLC sold 205,000 shares. Viper Energy Partners LP shares valued at $7,044,784 were divested by the 10% Owner at a price of $34.36 per share. As a result of the transaction, BX SWT ML Holdco LLC now holds 10,475,000 shares, worth roughly $371.02 million.

KeyBanc Capital Markets initiated its Viper Energy Partners LP [VNOM] rating to an Overweight in a research note published on Monday, September 20, 2022; the price target was $39. PT values the company’s stock at a premium of 9.18 to its Monday closing price. Piper Sandler revised its rating on April 08, 2021. It rated VNOM as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of VNOM

On Monday, Viper Energy Partners LP [NASDAQ:VNOM] saw its stock jump 3.11% to $35.42. On the same session, the stock had its day’s lowest price of $34.69, but rose to a high of $35.85. Over the last five days, the stock has gained 6.21%. Viper Energy Partners LP shares have risen nearly 66.21% since the year began. Nevertheless, the stocks have risen 54.13% over the past one year. While a 52-week high of $35.85 was reached on 11/07/22, a 52-week low of $19.19 was recorded on 01/03/22. SMA at 50 days reached $31.39, while 200 days put it at $29.78. A total of 0.89 million shares were traded, compared to the trading of 0.68 million shares in the previous session.

Levels Of Support And Resistance For VNOM Stock

The 24-hour chart illustrates a support level at 34.79, which if violated will result in even more drops to 34.16. On the upside, there is a resistance level at 35.95. A further resistance level may holdings at 36.48. The Relative Strength Index (RSI) on the 14-day chart is 70.75, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.85%. Stochastics %K at 85.46% indicates the stock is a selling.

How much short interest is there in Viper Energy Partners LP?

A steep rise in short interest was recorded in Viper Energy Partners LP stocks on Jul 14, 2022, dropping by 97530.0 shares to a total of 0.96 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 1.06 million shares. There was a decline of -10.13%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.45% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.26.

Viper Energy Partners LP [VNOM] – Who Are The Largest Shareholders?

In filings from Wellington Management Co. LLP, it is revealed that the company now owns 9,225,017 shares, or roughly 12.27% of the outstanding VNOM shares. In other words, the investor’s shares have risen by 92,810 from its previous 13-F filing of 9132207.0. Additionally, Cardinal Capital Management LLC decreased -2.61% of its stake after which the total value it holdings stand at $84,528,285, while Eagle Asset Management, Inc. added 1.43% of its stake to hold $78.34 million in the firm. Over the last quarter, Horizon Kinetics Asset Management purchased 316,238 shares of Viper Energy Partners LP, while Fred Alger Management LLC bought -572,801 shares. At present, Massachusetts Financial Services is holding 2,031,926 shares valued at $58.23 million. Newton Investment Management Nort owned 1,898,633 shares of the company at the time of its most recent 13F filing, worth $54.41 million.

According to FactSet, Viper Energy Partners LP’s share price will average $37.36 in the next year, based on opinions of analysts polled by the firm. This is up nearly 7.71 percent from its previous closing price of $34.35. Analysts expect Viper Energy Partners LP stock to reach the higher price of $43.00, while the lowest price estimate is $34.00. However, 16 analysts have rated VNOM stock as a Buy in their predictions for 2022.


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