Lucas Capital Management purchased a new stake in shares of RSP Permian, Inc. (NYSE:RSPP) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 9,000 shares of the oil and natural gas company’s stock, valued at approximately $290,000.

Other large investors also recently bought and sold shares of the company. 1st Global Advisors Inc. boosted its stake in RSP Permian by 1.9% in the first quarter. 1st Global Advisors Inc. now owns 6,594 shares of the oil and natural gas company’s stock valued at $273,000 after buying an additional 121 shares during the period. Two Sigma Securities LLC acquired a new stake in RSP Permian during the first quarter valued at about $279,000. Teacher Retirement System of Texas boosted its stake in RSP Permian by 4.3% in the first quarter. Teacher Retirement System of Texas now owns 8,091 shares of the oil and natural gas company’s stock valued at $335,000 after buying an additional 331 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in RSP Permian during the first quarter valued at about $342,000. Finally, Canada Pension Plan Investment Board acquired a new stake in RSP Permian during the first quarter valued at about $345,000. 77.43% of the stock is owned by hedge funds and other institutional investors.

RSP Permian, Inc. (NYSE RSPP) opened at 31.11 on Monday. The company has a 50-day moving average price of $32.76 and a 200-day moving average price of $38.07. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 121.05 and a beta of 2.13. RSP Permian, Inc. has a 12-month low of $29.67 and a 12-month high of $46.92.

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Several equities research analysts have issued reports on the company. Zacks Investment Research raised RSP Permian from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, April 11th. Goldman Sachs Group, Inc. (The) raised RSP Permian from a “neutral” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Tuesday, April 11th. Barclays PLC reissued an “overweight” rating and set a $46.00 target price (up previously from $44.00) on shares of RSP Permian in a research note on Wednesday, May 17th. Roth Capital set a $65.00 target price on RSP Permian and gave the stock a “buy” rating in a research note on Wednesday, April 12th. Finally, BMO Capital Markets reissued a “buy” rating and set a $50.00 target price on shares of RSP Permian in a research note on Wednesday, April 12th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty-seven have given a buy rating to the company. RSP Permian currently has an average rating of “Buy” and an average target price of $47.49.

In related news, Director Ted Collins, Jr. sold 42,000 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $40.59, for a total value of $1,704,780.00. Following the completion of the sale, the director now directly owns 8,306,651 shares in the company, valued at approximately $337,166,964.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Richard A. Kayne sold 17,250,000 shares of the stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $38.78, for a total value of $668,955,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,397,000 shares of company stock valued at $674,135,910. 15.00% of the stock is owned by insiders.

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.

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

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