Nemes Rush Group Exits Viper Energy Position, Selling 319,503 Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 29 2025
0mins
Should l Buy VNOM?
Source: NASDAQ.COM
- Divestment Action: Nemes Rush Group sold 319,503 shares of Viper Energy in Q3, with an estimated transaction value of $12.18 million, marking a complete exit from the company and indicating caution towards volatility in energy stocks.
- Holding Change: As of September 30, Nemes Rush reported no holdings in Viper Energy, which previously constituted 1.33% of its reportable AUM, reflecting a strategic response to market fluctuations.
- Stock Performance: Viper Energy shares are currently priced at $38.48, down 20% over the past year, significantly underperforming the S&P 500, which has risen by 15.5% in the same period, highlighting its relative weakness in the market.
- Cash Flow Distribution: Despite Viper Energy producing over 108,000 barrels of oil equivalent per day and generating $165 million in pro forma cash available for distribution in Q3, a net loss was reported due to non-cash impairment charges, indicating challenges in its profitability model.
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Analyst Views on VNOM
Wall Street analysts forecast VNOM stock price to rise
11 Analyst Rating
11 Buy
0 Hold
0 Sell
Strong Buy
Current: 46.540
Low
41.00
Averages
50.80
High
64.00
Current: 46.540
Low
41.00
Averages
50.80
High
64.00
About VNOM
Viper Energy, Inc. owns, acquires and exploits oil and natural gas properties in North America, with a focus on owning and acquiring mineral and royalty interests in oil-weighted basins, primarily the Permian Basin. The Company owns approximately 85,700 net royalty acres in the Permian Basin.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

- Company Announcement: Viper Energy Inc. has launched a secondary public offering of 17.4 million shares of Class A common stock.
- Market Impact: This offering is expected to influence the company's stock performance and provide additional capital for future investments.
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- Offering Details: Viper Energy has announced a public offering of 17.39 million shares of Class A common stock, led by Diamondback Energy, expected to raise approximately $798 million, although Viper will not receive any proceeds, which may impact its capital structure and future financing capabilities.
- Over-Allotment Option: The selling stockholders have granted underwriters a 30-day option to purchase up to 2.61 million additional shares to cover over-allotments, which could enhance market acceptance of the offering.
- Secondary Offering and Unit Purchase: In connection with the secondary offering, Viper will also buy 1 million units in VNOM Holding Company LLC from certain affiliates of Oaktree Capital Management, with the unit price matching the share price for selling stockholders, indicating confidence in its operational strategy.
- Closing Timeline: The offering is set to close on March 4, 2026, pending normal closing conditions, which will affect investor liquidity and market reactions during this period.
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- Offering Size: Viper Energy announced a public offering of 17,391,304 shares of Class A common stock at a par value of $0.000001 per share, with gross proceeds expected to be approximately $798 million, although the company will not receive any proceeds, this move is aimed at strengthening its capital structure.
- Underwriter Arrangement: The offering is being conducted by selling stockholders including Diamondback Energy and certain affiliates of EnCap Investments and Oaktree Capital Management, with J.P. Morgan and Goldman Sachs acting as joint book-running managers, indicating strong market interest in the stock.
- Over-Allotment Option: The selling stockholders have granted underwriters a 30-day option to purchase up to an additional 2,608,696 shares of Class A common stock, providing flexibility that could enhance market liquidity.
- Acquisition-Related Transaction: Viper has also agreed to purchase 1,000,000 units from certain affiliates of Oaktree Capital Management at the same price per share as the offering, although this transaction is not contingent on the completion of the public offering, reflecting the company's proactive strategy in capital operations.
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Announcement of Pricing: Viper Energy has announced the pricing of its secondary common stock offering by Diamondback Energy, Inc.
Involvement of Affiliates: The offering also involves certain affiliates of EnCap Investments, L.P. and Oak Tree Capital Management, L.P.
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- Offering Size: Viper Energy announced the launch of an underwritten public offering of 17,391,304 shares of Class A common stock by Diamondback Energy and certain affiliates of EnCap Investments and Oaktree Capital Management, indicating the company's active engagement in capital markets.
- Proceeds Allocation: The proceeds from the sale will not benefit Viper, suggesting that the company may not see immediate financial gains from this transaction, which could impact its short-term financial outlook.
- Over-Allotment Option: The selling stockholders have granted underwriters a 30-day option to purchase up to an additional 2,608,696 shares to cover over-allotments, providing additional liquidity to the market and potentially stabilizing share prices.
- Unit Purchase Agreement: Viper agreed to purchase 1 million units of VNOM Holding Company from Oaktree affiliates at the secondary offering price, although this purchase is contingent on the completion of the secondary offering, reflecting the company's confidence in future growth prospects.
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- Public Offering Announcement: Viper Energy has announced a public offering of 17,391,304 shares of Class A common stock, initiated by Diamondback Energy and EnCap Investments, indicating the company's active engagement in capital markets.
- Proceeds Allocation: The proceeds from this offering will not benefit Viper directly, reflecting a cautious approach in capital management while prioritizing shareholder interests.
- Over-Allotment Option: The selling stockholders have granted underwriters a 30-day option to purchase an additional 2,608,696 shares, which enhances market liquidity and provides flexibility in the offering process.
- Concurrent Unit Purchase: Viper has agreed to purchase 1,000,000 units in VNOM Holding Company LLC at the offering price, although this purchase is not contingent on the offering's completion, demonstrating confidence in its operational subsidiary.
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