Capital Fund Management S.A. grew its stake in shares of RSP Permian, Inc. (NYSE:RSPP) by 222.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 328,187 shares of the oil and natural gas company’s stock after acquiring an additional 226,437 shares during the period. Capital Fund Management S.A. owned 0.21% of RSP Permian worth $10,591,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of RSP Permian by 16.4% in the 1st quarter. Vanguard Group Inc. now owns 8,908,920 shares of the oil and natural gas company’s stock valued at $369,096,000 after purchasing an additional 1,256,249 shares during the last quarter. BlackRock Inc. lifted its stake in shares of RSP Permian by 15,355.9% in the 1st quarter. BlackRock Inc. now owns 7,398,913 shares of the oil and natural gas company’s stock valued at $306,537,000 after purchasing an additional 7,351,042 shares during the last quarter. Boston Partners lifted its stake in shares of RSP Permian by 10.3% in the 2nd quarter. Boston Partners now owns 7,291,558 shares of the oil and natural gas company’s stock valued at $235,299,000 after purchasing an additional 681,747 shares during the last quarter. State Street Corp lifted its stake in shares of RSP Permian by 30.2% in the 1st quarter. State Street Corp now owns 3,614,583 shares of the oil and natural gas company’s stock valued at $149,756,000 after purchasing an additional 838,188 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its stake in shares of RSP Permian by 8.1% in 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 last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.
In other RSP Permian news, CEO Steven D. Gray acquired 10,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was acquired at an average price of $29.99 per share, for a total transaction of $299,900.00. Following the purchase, the chief executive officer now directly owns 311,688 shares of the company’s stock, valued at $9,347,523.12. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Zane W. Arrott sold 47,113 shares of RSP Permian stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $31.29, for a total transaction of $1,474,165.77. Following the completion of the sale, the chief operating officer now owns 86,614 shares of the company’s stock, valued at approximately $2,710,152.06. The disclosure for this sale can be found here. Insiders sold a total of 248,560 shares of company stock valued at $7,898,543 in the last quarter. Corporate insiders own 15.00% of the company’s stock.
Several equities research analysts recently issued reports on the stock. Scotiabank set a $43.00 price objective on shares of RSP Permian and gave the company a “buy” rating in a research note on Saturday, July 1st. BMO Capital Markets set a $42.00 price objective on shares of RSP Permian and gave the company a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of RSP Permian from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Northland Securities set a $52.00 target price on shares of RSP Permian and gave the stock a “buy” rating in a research report on Monday, July 17th. Finally, Bank of America Corporation began coverage on shares of RSP Permian in a research report on Wednesday, July 19th. They set a “buy” rating and a $45.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $47.67.
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RSP Permian, Inc. (NYSE:RSPP) traded down 2.72% during mid-day trading on Friday, reaching $29.37. 2,604,134 shares of the company were exchanged. RSP Permian, Inc. has a 12-month low of $28.76 and a 12-month high of $46.92. The company’s 50 day moving average price is $31.78 and its 200-day moving average price is $35.98. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 54.19 and a beta of 2.15.
RSP Permian (NYSE:RSPP) last issued its quarterly earnings data on Monday, August 7th. The oil and natural gas company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. RSP Permian had a net margin of 12.71% and a return on equity of 1.86%. The business had revenue of $183.10 million during the quarter, compared to analysts’ expectations of $185.01 million. During the same quarter in the previous year, the company earned ($0.04) EPS. The business’s revenue was up 124.7% on a year-over-year basis. On average, equities research analysts forecast that RSP Permian, Inc. will post $0.73 earnings per share for the current fiscal 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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