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

August 12, 2018 - By Eula Gilbert

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 $62.84M, 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 Cheniere Energy Ptnrs Lp Hld (NYSEMKT:CQH) by 581,510 shares to 529,700 shares, valued at $16.66M in 2018Q2, according to the filing. It also reduced its holding in Tc Pipelines Lp (NYSE:TCP) by 1.87 million shares in the quarter, leaving it with 940,327 shares, and cut its stake in Spectra Energy Partners Lp (NYSE:SEP).

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. As per Wednesday, February 21, the company rating was downgraded by Citigroup. Piper Jaffray maintained the stock with “Buy” rating in Wednesday, April 18 report. The rating was maintained by Piper Jaffray on Tuesday, February 27 with “Buy”. The rating was maintained by Stifel Nicolaus on Thursday, May 3 with “Buy”. The firm has “Buy” rating given on Monday, April 16 by SunTrust. The stock of Viper Energy Partners LP (NASDAQ:VNOM) earned “Hold” rating by Stifel Nicolaus on Monday, June 4. The stock of Viper Energy Partners LP (NASDAQ:VNOM) has “Neutral” rating given on Tuesday, July 31 by Citigroup.

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: Bizjournals.com which released: “Houston startup to sell Permian Basin assets to Midland energy co. in $1.2B deal” on August 09, 2018, also Benzinga.com published article titled: “26 Stocks Moving In Monday’s Pre-Market Session”, Seekingalpha.com published: “Viper Energy Partners LP (VNOM) CEO Travis Stice on Q2 2018 Results – Earnings Call Transcript” on August 10, 2018. More interesting news about Viper Energy Partners LP (NASDAQ:VNOM) was released by: Marketwatch.com and their article: “Nasdaq nails trendline support (again), bullish intraday reversal underway” with publication date: August 02, 2018.

Viper Energy Partners LP (NASDAQ:VNOM) Ratings Chart

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