3. Viper Energy Partners LP (NASDAQ:VNOM)
Renaissance Technologies’ Stake Value: $1,772,000
Percentage of Renaissance Technologies’ 13F Portfolio: 0.00%
Number of Hedge Fund Holders: 8
Dividend Yield as of January 5: 6.10%
Viper Energy Partners LP (NASDAQ:VNOM) is a company that owns and acquires oil and natural gas properties in North America. Jim Simons’ Renaissance Technologies holds 81,100 shares of Viper Energy Partners LP (NASDAQ:VNOM), worth $1.77 million as of Q3 2021.
Piper Sandler analyst Pearce Hammond raised the price target on Viper Energy Partners LP (NASDAQ:VNOM) to $25 from $20 and kept an Overweight rating on the shares on October 13. The analyst says the mineral sector remains an “attractive yield vehicle” for investors as higher oil and gas prices largely flow through to the bottom line and are reflected in larger distributions.
In the third quarter of 2021, 8 hedge funds reported owning stakes in Viper Energy Partners LP (NASDAQ:VNOM), down from 12 funds in the preceding quarter. Cardinal Capital is the largest company stakeholder, with 2.78 million shares worth $60.75 million.
