RSP Permian Inc (RSPP) Stake Lessened by Northern Trust Corp

Northern Trust Corp decreased its position in RSP Permian Inc (NYSE:RSPP) by 21.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 830,638 shares of the oil and natural gas company’s stock after selling 228,911 shares during the quarter. Northern Trust Corp owned approximately 0.52% of RSP Permian worth $36,565,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exane Asset Management bought a new position in RSP Permian during the second quarter valued at about $2,113,000. Public Employees Retirement System of Ohio grew its position in RSP Permian by 5.7% during the second quarter. Public Employees Retirement System of Ohio now owns 60,070 shares of the oil and natural gas company’s stock valued at $2,644,000 after buying an additional 3,253 shares during the period. Cowen Inc. bought a new position in RSP Permian during the second quarter valued at about $8,965,000. Soros Fund Management LLC bought a new position in RSP Permian during the second quarter valued at about $4,631,000. Finally, Omni Partners LLP bought a new position in RSP Permian during the second quarter valued at about $36,985,000. Hedge funds and other institutional investors own 89.74% of the company’s stock.

Separately, Guggenheim restated a “buy” rating on shares of RSP Permian in a research report on Monday, July 23rd. Thirteen investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $52.20.

NYSE RSPP opened at $47.83 on Friday. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 58.33, a price-to-earnings-growth ratio of 0.62 and a beta of 1.61. RSP Permian Inc has a 52 week low of $28.76 and a 52 week high of $51.51. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.36.

RSP Permian Profile

RSP Permian, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. It owns interest in contiguous acreage blocks in the core of the Midland Basin primarily in the adjacent counties of Midland, Martin, Andrews, Dawson, Ector, and Glasscock; and in Loving and Winkler counties of the Delaware Basin.

See Also: What are trading strategies for the 52-week high/low?

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

Receive News & Ratings for RSP Permian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RSP Permian and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply