Scholtz & Company LLC Has $1.93 Million Stake in RSP Permian, Inc. (RSPP)
Scholtz & Company LLC cut its stake in shares of RSP Permian, Inc. (NYSE:RSPP) by 41.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,930 shares of the oil and natural gas company’s stock after selling 42,840 shares during the quarter. Scholtz & Company LLC’s holdings in RSP Permian were worth $1,934,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its holdings in RSP Permian by 65.7% in the second quarter. BNP Paribas Arbitrage SA now owns 4,301 shares of the oil and natural gas company’s stock valued at $139,000 after purchasing an additional 1,705 shares in the last quarter. Gluskin Sheff & Assoc Inc. acquired a new position in RSP Permian in the second quarter valued at approximately $210,000. GSA Capital Partners LLP acquired a new position in RSP Permian in the second quarter valued at approximately $225,000. Two Sigma Securities LLC acquired a new position in RSP Permian in the first quarter valued at approximately $279,000. Finally, Lucas Capital Management acquired a new position in RSP Permian in the second quarter valued at approximately $290,000. 86.57% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on the company. Williams Capital assumed coverage on RSP Permian in a report on Monday, June 12th. They issued a “buy” rating and a $47.00 price target for the company. Stifel Nicolaus set a $43.00 price target on RSP Permian and gave the company a “buy” rating in a report on Thursday. Northland Securities reaffirmed a “buy” rating and issued a $52.00 price target on shares of RSP Permian in a report on Tuesday, September 26th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $44.00 price target on shares of RSP Permian in a report on Thursday, July 20th. Finally, Wolfe Research assumed coverage on RSP Permian in a report on Thursday, June 15th. They issued an “outperform” rating and a $45.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $47.44.
In other news, Director Ted Collins, Jr. sold 21,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $31.15, for a total value of $654,150.00. Following the sale, the director now owns 8,136,851 shares of the company’s stock, valued at approximately $253,462,908.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Zane W. Arrott sold 47,113 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $31.29, for a total value of $1,474,165.77. Following the completion of the sale, the chief operating officer now directly owns 86,614 shares in the company, valued at approximately $2,710,152.06. The disclosure for this sale can be found here. Insiders sold a total of 185,560 shares of company stock worth $5,870,993 in the last three months. Company insiders own 15.00% of the company’s stock.
RSP Permian, Inc. (NYSE:RSPP) traded down 1.59% on Friday, reaching $34.08. The company’s stock had a trading volume of 380,519 shares. RSP Permian, Inc. has a 52-week low of $28.76 and a 52-week high of $46.92. The firm has a 50-day moving average price of $31.88 and a 200 day moving average price of $35.01. The firm has a market capitalization of $5.41 billion, a P/E ratio of 62.88 and a beta of 2.17.
RSP Permian (NYSE:RSPP) last posted its quarterly earnings data on Monday, August 7th. The oil and natural gas company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. RSP Permian had a return on equity of 1.86% and a net margin of 12.71%. The company had revenue of $183.10 million for the quarter, compared to the consensus estimate of $185.01 million. During the same quarter in the previous year, the business earned ($0.04) EPS. The company’s quarterly revenue was up 124.7% compared to the same quarter last year. Equities analysts anticipate that RSP Permian, Inc. will post $0.74 earnings per share for the current fiscal year.
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RSP Permian Company Profile
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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