Should You Now Invest in Viper Energy (VNOM)?

Bernzott Capital Advisors, an investment management firm, published its “US Small Cap Value Fund” third-quarter 2022 investor letter – a copy of which can be downloaded here. During the third quarter of the year, the portfolio fell –9.48% (net), below the R2000V’s decline of –4.6% and the R2500V’s decline of –4.5%. Try to spare some time to check the fund’s top 5 holdings for you to have an idea about their best stock picks this 2022.

In its Q3 2022 investor letter, Bernzott Capital Advisors US Small Cap Value Fund mentioned Viper Energy Partners LP (NASDAQ:VNOM) and explained its insights for the company. Founded in 2013, Viper Energy Partners LP (NASDAQ:VNOM) is a Midland, Texas-based oil and natural gas company with a $5.3 billion market capitalization. Viper Energy Partners LP (NASDAQ:VNOM) delivered a 53.12% return since the beginning of the year, while its 12-month returns are up by 40.65%. The stock closed at $32.63 per share on November 23, 2022.

Here is what Bernzott Capital Advisors US Small Cap Value Fund has to say about Viper Energy Partners LP (NASDAQ:VNOM) in its Q3 2022 investor letter:

“Energy was the leading contributor to the portfolio’s relative returns. Over-allocating to the sector added to returns, as Energy, +7.4%, was the best performing sector in the benchmark. Viper Energy Partners LP  (NASDAQ:VNOM): The company sported good cash flow and dividend growth, attributable to its royalty interests in the Permian Basin.”

Photo by David Thielen on Unsplash

Our calculations show that Viper Energy Partners LP (NASDAQ:VNOM) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Viper Energy Partners LP (NASDAQ:VNOM) was in 13 hedge fund portfolios at the end of the second quarter of 2022, compared to 14 funds in the previous quarter. Viper Energy Partners LP (NASDAQ:VNOM) delivered a 0.52% return in the past 3 months.

In June 2022, we also shared another hedge fund’s views on Viper Energy Partners LP (NASDAQ:VNOM) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q3 page.

Suggested Articles:

• 15 Biggest Gold Mining Companies in the World
• 10 Best Retail Stocks To Buy Now
• 12 Fastest Growing Economies in Africa

Disclosure: None. This article is originally published at Insider Monkey.