Viper Energy Partners Lp (VNOM): Randall J Holder , VP, General Counsel, Secretary of Viper Energy Partners Lp purchased 5,000 shares on Sep 8, 2016. The Insider buying transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were purchased at $16.44 per share for a total value of $82,179.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 9, 2016, Michael L. Hollis (director) purchased 1,245 shares at $16.13 per share price.On Aug 3, 2016, Energy, Inc. Diamondback (10% owner other) purchased 2,000,000 shares at $15.60 per share price.Also, On Dec 22, 2015, Elizabeth Moses (VP – Bus. Dev. and Land) purchased 4,443 shares at $14.02 per share price.
Viper Energy Partners LP: On Monday, Sep 12, 2016 heightened volatility was witnessed in Viper Energy Partners LP which led to swings in the share price. The shares opened for trading at $16.17 and hit $16.65 on the upside , eventually ending the session at $16.5, with a gain of 2.17% or 0.35 points. The heightened volatility saw the trading volume jump to 89,427 shares. The 52-week high of the share price is $20.25 and the company has a market cap of $1,431 M . The 52-week low of the share price is at $12.69.
Company has been under the radar of several Street Analysts.Viper Energy Partners LP is Resumed by Piper Jaffray to Overweight and the brokerage firm has set the Price Target at $22. The Rating was issued on Jul 11, 2016.
Viper Energy Partners LP is a limited partnership that owns acquires and exploits oil and natural gas properties in North America. The Company’s assets consist of mineral interests in oil and natural gas properties in the Permian Basin in West Texas which consists of approximately 85000 square miles centered on Midland Texas. The Company’s initial assets consist of mineral interests underlying approximately 14804 gross (12687 net) acres in Midland County Texas in the Permian Basin. As of December 31 2014 the Company’s total acreage position in the Permian Basin was 24528 gross (15948 net) acres. Diamondback is the operator of approximately 43% of this acreage. The estimated proved oil and natural gas reserves of the Company’s assets as of December 31 2014 were 18510 one thousand barrels of crude oil equivalent (MBOE). The Company’s general partner is Viper Energy Partners GP LLC.