RSP Permian, Inc. (RSPP) Holdings Boosted by Russell Investments Group Ltd.
Russell Investments Group Ltd. boosted its holdings in shares of RSP Permian, Inc. (NYSE:RSPP) by 31.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 280,531 shares of the oil and natural gas company’s stock after purchasing an additional 66,601 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.18% of RSP Permian worth $9,703,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Eagle Asset Management Inc. raised its holdings in shares of RSP Permian by 8.1% during the second quarter. Eagle Asset Management Inc. now owns 3,166,539 shares of the oil and natural gas company’s stock valued at $102,184,000 after acquiring an additional 236,985 shares during the last quarter. Cipher Capital LP raised its holdings in shares of RSP Permian by 54.7% during the second quarter. Cipher Capital LP now owns 82,238 shares of the oil and natural gas company’s stock valued at $2,654,000 after acquiring an additional 29,094 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of RSP Permian by 49.2% during the second quarter. Victory Capital Management Inc. now owns 1,214,602 shares of the oil and natural gas company’s stock valued at $39,195,000 after acquiring an additional 400,254 shares during the last quarter. Capital Advisors Inc. OK acquired a new position in shares of RSP Permian during the second quarter valued at approximately $7,907,000. Finally, Rhumbline Advisers raised its holdings in shares of RSP Permian by 5.4% during the second quarter. Rhumbline Advisers now owns 134,423 shares of the oil and natural gas company’s stock valued at $4,338,000 after acquiring an additional 6,870 shares during the last quarter. Institutional investors own 86.24% of the company’s stock.
RSP Permian, Inc. (NYSE:RSPP) traded down $0.34 during mid-day trading on Wednesday, reaching $36.34. The company’s stock had a trading volume of 850,300 shares, compared to its average volume of 2,039,221. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $5,817.42, a PE ratio of 60.13, a price-to-earnings-growth ratio of 1.77 and a beta of 2.15. RSP Permian, Inc. has a one year low of $28.76 and a one year high of $46.92.
RSP Permian (NYSE:RSPP) last posted its earnings results on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $201.70 million during the quarter, compared to analysts’ expectations of $201.34 million. RSP Permian had a return on equity of 2.32% and a net margin of 13.69%. The firm’s quarterly revenue was up 115.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.01) earnings per share. analysts predict that RSP Permian, Inc. will post 0.79 EPS for the current fiscal year.
A number of equities analysts have commented on RSPP shares. Williams Capital set a $47.00 target price on RSP Permian and gave the company a “buy” rating in a report on Tuesday, August 8th. BidaskClub cut RSP Permian from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Morgan Stanley cut their price target on RSP Permian from $45.00 to $41.00 and set an “overweight” rating for the company in a report on Tuesday, August 8th. BMO Capital Markets set a $42.00 price target on RSP Permian and gave the company a “buy” rating in a report on Tuesday, August 8th. Finally, Goldman Sachs Group raised RSP Permian from a “buy” rating to a “conviction-buy” rating and set a $45.00 price target for the company in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. RSP Permian presently has an average rating of “Buy” and an average price target of $47.00.
In other RSP Permian news, Director Ted Collins, Jr. sold 21,000 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $34.78, for a total transaction of $730,380.00. Following the completion of the sale, the director now owns 8,094,851 shares of the company’s stock, valued at $281,538,917.78. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ted Collins, Jr. sold 42,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $35.61, for a total value of $1,495,620.00. Following the sale, the director now directly owns 8,052,851 shares of the company’s stock, valued at approximately $286,762,024.11. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,000 shares of company stock valued at $4,974,900. 15.00% of the stock is owned by insiders.
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About RSP Permian
RSP Permian, Inc is an independent oil and natural gas company. The Company is engaged in the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. The Company’s properties are located on contiguous acreage blocks in the Midland Basin, and the Delaware Basin, both sub-basins of the Permian Basin.
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