5 Tax-Advantaged MLPs with High Dividend Yields

4. Viper Energy Partners LP (NASDAQ: VNOM)

Number of Hedge Fund Holders: 12
Dividend Yield: 7.3%

Viper Energy Partners LP (NASDAQ: VNOM) is an energy company that owns, acquires, and exploits oil and natural gas properties. The company operates mainly in North America and ranks 4th on our list of tax-advantaged MLPs with high dividend yields. As of December 2020, the company had mineral interests in 24,350 net royalty acres in the Permian Basin and Eagle Ford Shale; and estimated proved oil and natural gas reserves of 99,392 thousand barrels of crude oil equivalent.

Citigroup’s Brian Downey raised his price target on shares of Viper Energy Partners LP (NASDAQ: VNOM) from $20 to $22 this July and also reiterated a Buy rating on the stock.

In the second quarter of 2021, Viper Energy Partners LP (NASDAQ: VNOM) had an EPS of $0.09, beating the previous quarter’s EPS of -$0.08. The company’s revenue was $114.15 million, up 249.41% year over year and beating estimates by $25.32 million. Viper Energy Partners LP (NASDAQ: VNOM) has gained 15.24% in the past 6 months and 48.36% year to date.

By the end of the second quarter of 2021, 12 hedge funds out of the 873 tracked by Insider Monkey held stakes in Viper Energy Partners LP (NASDAQ: VNOM) worth roughly $94 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $59 million.