Insiders Seeing Green With VNOM At New 52-Week High

In trading on Friday, shares of Viper Energy Partners LP (Symbol: VNOM) touched a new 52-week high of $19.44/share. That’s a 43.68% rise, or $5.91 per share from the 52-week low of $13.53 set back on 11/07/2016. That means at today’s intraday high, any investor who purchased VNOM stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, VNOM has seen 7 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value 05/05/2017 Michael L. Hollis Director 1,389 $18.00 $25,002.00 05/12/2017 Michael L. Hollis Director 2,917 $17.71 $51,657.15 05/17/2017 Steven E. West Director 14,000 $17.83 $249,628.40 05/18/2017 Michael L. Hollis Director 1,328 $17.71 $23,518.48 07/21/2017 Randall J. Holder Exec. VP, General Counsel, Sec 4,622 $14.75 $68,174.50 07/21/2017 Michael L. Hollis Director 6,162 $14.75 $90,889.50 07/21/2017 Hof Matthew Kaes Van’t President 3,080 $14.75 $45,430.00 07/21/2017 Steven E. West Director 30,811 $14.75 $454,462.25 07/21/2017 Energy, INC. Diamondback 700,000 $14.38 $10,066,840.00 07/21/2017 Travis D. Stice Chief Executive Officer 30,811 $14.75 $454,462.25 07/21/2017 Russell Pantermuehl Exec. VP Reservoir Engineering 18,487 $14.75 $272,683.25 07/21/2017 Teresa L. Dick CFO, Exec. VP and Assist. Sec 1,540 $14.75 $22,715.00 08/18/2017 Michael L. Hollis Director 2,500 $16.07 $40,186.25

The chart below shows where VNOM has traded over the past year, with the 50-day and 200-day moving averages included.

Viper Energy Partners LP Moving Averages Chart

In afternoon trading on Friday, VNOM shares are changing hands at $19.32/share, slightly below the new 52-week high.

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