Teton Advisors Inc. acquired a new position in shares of RSP Permian, Inc. (NYSE:RSPP) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,411 shares of the oil and natural gas company’s stock, valued at approximately $256,000.

Several other institutional investors and hedge funds have also modified their holdings of RSPP. Eagle Asset Management Inc. boosted its stake in RSP Permian by 8.1% during the 2nd 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 purchasing an additional 236,985 shares during the period. OppenheimerFunds Inc. raised its holdings in shares of RSP Permian by 24.3% during the first quarter. OppenheimerFunds Inc. now owns 13,448 shares of the oil and natural gas company’s stock valued at $557,000 after acquiring an additional 2,627 shares during the period. Victory Capital Management Inc. increased its stake in RSP Permian by 49.2% in the 2nd 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 buying an additional 400,254 shares during the period. Cipher Capital LP increased its stake in RSP Permian by 54.7% in the 2nd quarter. Cipher Capital LP now owns 82,238 shares of the oil and natural gas company’s stock valued at $2,654,000 after buying an additional 29,094 shares during the period. Finally, Capital Advisors Inc. OK acquired a new position in RSP Permian in the 2nd quarter valued at approximately $7,907,000. 86.84% of the stock is owned by institutional investors and hedge funds.

In other RSP Permian news, COO Zane W. Arrott sold 47,113 shares of RSP Permian stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 86,614 shares of the company’s stock, valued at approximately $2,710,152.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ted Collins, Jr. sold 42,000 shares of RSP Permian stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $34.74, for a total value of $1,459,080.00. The disclosure for this sale can be found here. Insiders have sold a total of 248,560 shares of company stock worth $8,060,453 over the last 90 days. Company insiders own 15.00% of the company’s stock.

A number of brokerages have recently issued reports on RSPP. Barclays PLC increased their price objective on shares of RSP Permian from $38.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Jefferies Group LLC restated a “buy” rating and issued a $47.00 price objective on shares of RSP Permian in a research note on Tuesday, October 10th. Northland Securities restated a “buy” rating and issued a $52.00 price objective on shares of RSP Permian in a research note on Tuesday, September 26th. Williams Capital dropped their price objective on shares of RSP Permian from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, October 18th. Finally, Morgan Stanley increased their price objective on shares of RSP Permian from $41.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. RSP Permian has an average rating of “Buy” and an average price target of $46.67.

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RSP Permian, Inc. (NYSE:RSPP) traded up $1.68 during trading hours on Tuesday, hitting $36.91. The stock had a trading volume of 1,822,655 shares, compared to its average volume of 1,860,000. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.93 and a quick ratio of 0.93. RSP Permian, Inc. has a 1-year low of $28.76 and a 1-year high of $46.92. The company has a market cap of $5,770.00, a price-to-earnings ratio of 83.88, a price-to-earnings-growth ratio of 1.50 and a beta of 2.15.

RSP Permian (NYSE:RSPP) last announced its earnings results on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share (EPS) for the quarter, meeting the Zacks’ 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 net margin of 12.71% and a return on equity of 1.86%. RSP Permian’s quarterly revenue was up 115.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.01) earnings per share. analysts expect that RSP Permian, Inc. will post 0.78 earnings per share for the current year.

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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Institutional Ownership by Quarter for RSP Permian (NYSE:RSPP)

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