Rhumbline Advisers raised its position in RSP Permian, Inc. (NYSE:RSPP) by 9.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,191 shares of the company’s stock after buying an additional 8,639 shares during the period. Rhumbline Advisers owned approximately 0.08% of RSP Permian worth $3,963,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in RSPP. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of RSP Permian by 82.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 15,600 shares of the company’s stock valued at $544,000 after buying an additional 7,045 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of RSP Permian by 69.6% in the second quarter. Neuberger Berman Group LLC now owns 1,149,800 shares of the company’s stock valued at $40,117,000 after buying an additional 472,000 shares during the last quarter. Airain ltd bought a new position in shares of RSP Permian during the second quarter valued at approximately $812,000. First Trust Advisors LP increased its position in shares of RSP Permian by 81.8% in the second quarter. First Trust Advisors LP now owns 99,085 shares of the company’s stock valued at $3,457,000 after buying an additional 44,580 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of RSP Permian by 27.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 31,396 shares of the company’s stock valued at $1,095,000 after buying an additional 6,765 shares during the last quarter. Hedge funds and other institutional investors own 60.99% of the company’s stock.

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

RSP Permian, Inc. (NYSE:RSPP) opened at 42.41 on Friday. The company’s 50 day moving average is $43.97 and its 200-day moving average is $39.41. RSP Permian, Inc. has a 52-week low of $16.74 and a 52-week high of $46.92. The company’s market capitalization is $5.38 billion.

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Several equities analysts recently commented on RSPP shares. KLR Group set a $55.00 price objective on shares of RSP Permian and gave the company a “buy” rating in a research note on Tuesday, October 18th. Zacks Investment Research raised shares of RSP Permian from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Wednesday, October 12th. Capital One Financial Corporation began coverage on shares of RSP Permian in a research note on Thursday, October 6th. They issued an “overweight” rating for the company. Morgan Stanley upgraded shares of RSP Permian from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 5th. Finally, Wunderlich upped their price target on shares of RSP Permian from $44.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, October 17th. Six equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $43.46.

In related news, VP William Huck sold 6,000 shares of the stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $45.34, for a total transaction of $272,040.00. Following the sale, the vice president now directly owns 333,937 shares of the company’s stock, valued at approximately $15,140,703.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ted Collins, Jr. sold 42,000 shares of the stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $39.37, for a total transaction of $1,653,540.00. Following the sale, the director now directly owns 8,468,088 shares in the company, valued at $333,388,624.56. The disclosure for this sale can be found here. Company insiders own 23.50% of the company’s stock.

RSP Permian Company Profile

RSP Permian, Inc is an independent oil and natural gas company focused on 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 operates through the oil and natural gas exploration and production industry in the United States segment.

5 Day Chart for NYSE:RSPP

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