Schroder Investment Management Group lifted its position in RSP Permian, Inc. (NYSE:RSPP) by 16.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 577,216 shares of the oil and natural gas company’s stock after purchasing an additional 82,787 shares during the period. Schroder Investment Management Group owned about 0.36% of RSP Permian worth $18,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. 1st Global Advisors Inc. increased its stake in shares of 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 worth $273,000 after purchasing an additional 121 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of 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 worth $335,000 after purchasing an additional 331 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of RSP Permian by 1.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 41,236 shares of the oil and natural gas company’s stock worth $1,708,000 after purchasing an additional 450 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of RSP Permian by 1.0% in the first quarter. Mutual of America Capital Management LLC now owns 58,530 shares of the oil and natural gas company’s stock worth $2,425,000 after purchasing an additional 598 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of RSP Permian by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 27,795 shares of the oil and natural gas company’s stock worth $1,151,000 after purchasing an additional 688 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Shares of RSP Permian, Inc. (RSPP) opened at 31.03 on Thursday. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 57.25 and a beta of 2.15. The stock has a 50 day moving average of $31.59 and a 200 day moving average of $35.75. RSP Permian, Inc. has a 12-month low of $28.76 and a 12-month high of $46.92.

RSP Permian (NYSE:RSPP) last announced its quarterly earnings data on Monday, August 7th. The oil and natural gas company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $183.10 million during the quarter, compared to analyst estimates of $185.01 million. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. RSP Permian’s quarterly revenue was up 124.7% on a year-over-year basis. Equities research analysts predict that RSP Permian, Inc. will post $0.73 earnings per share for the current fiscal year.

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A number of brokerages have recently issued reports on RSPP. Barclays PLC reissued an “overweight” rating and issued a $46.00 price objective (up from $44.00) on shares of RSP Permian in a research note on Wednesday, May 17th. TheStreet raised shares of RSP Permian from a “c” rating to a “b” rating in a research note on Monday, May 22nd. Credit Suisse Group assumed coverage on shares of RSP Permian in a research note on Thursday, June 1st. They issued an “outperform” rating and a $59.00 price objective for the company. Williams Capital assumed coverage on shares of RSP Permian in a research note on Monday, June 12th. They set a “buy” rating and a $47.00 target price for the company. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $44.00 target price on shares of RSP Permian in a research note on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. RSP Permian presently has an average rating of “Buy” and an average target price of $47.67.

In related news, Director Ted Collins, Jr. sold 42,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $32.75, for a total value of $1,375,500.00. Following the sale, the director now owns 8,178,851 shares of the company’s stock, valued at $267,857,370.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ted Collins, Jr. sold 21,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $32.65, for a total transaction of $685,650.00. Following the completion of the sale, the director now directly owns 8,178,851 shares in the company, valued at approximately $267,039,485.15. The disclosure for this sale can be found here. Insiders sold 248,560 shares of company stock worth $7,898,543 in the last ninety days. 15.00% of the stock is currently owned by corporate 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.

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

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