Billionaire Leon Cooperman of Omega Advisors has upped his stake over 88% in a monster dividend paying oil and gas company. Per a recent SEC filing, Cooperman now owns 2.87 million shares, or 7.2% of the outstanding shares, of Atlas Resource Partners (NYSE:ARP), which pays a dividend that yields 8.5%.At the end of the third quarter, Cooperman owned only 1.52 million shares.
Keeping it in the family. Cooperman is actually a big fan of all of the Atlas companies, not just Atlas Resource Partners. Cooperman also owns Atlas Energy (NYSE:ATLS) and Atlas Pipeline Partners(NYSE:APL). At the end of the third quarter Cooperman had Atlas Energy as his 13th largest 13F holding, or 2.67% of his portfolio, and had Atlas Pipeline as his 6th largest, at 3.42% of his portfolio.