Janney Montgomery Scott LLC purchased a new stake in shares of RSP Permian Inc (NYSE:RSPP) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 11,888 shares of the oil and natural gas company’s stock, valued at approximately $411,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mutual of America Capital Management LLC increased its stake in RSP Permian by 0.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 59,028 shares of the oil and natural gas company’s stock valued at $1,905,000 after purchasing an additional 498 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in RSP Permian by 65.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,301 shares of the oil and natural gas company’s stock valued at $139,000 after purchasing an additional 1,705 shares in the last quarter. Pacer Advisors Inc. increased its stake in RSP Permian by 11.5% during the 3rd quarter. Pacer Advisors Inc. now owns 22,808 shares of the oil and natural gas company’s stock valued at $789,000 after purchasing an additional 2,345 shares in the last quarter. Voya Investment Management LLC increased its stake in RSP Permian by 5.9% during the 2nd quarter. Voya Investment Management LLC now owns 43,784 shares of the oil and natural gas company’s stock valued at $1,413,000 after purchasing an additional 2,420 shares in the last quarter. Finally, QCM Cayman Ltd. increased its stake in RSP Permian by 29.8% during the 2nd quarter. QCM Cayman Ltd. now owns 11,710 shares of the oil and natural gas company’s stock valued at $378,000 after purchasing an additional 2,687 shares in the last quarter. 86.19% of the stock is owned by institutional investors.

Shares of RSP Permian Inc (RSPP) opened at $40.88 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35. The stock has a market cap of $6,370.93, a P/E ratio of 67.02, a P/E/G ratio of 1.88 and a beta of 2.15. 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 earnings results on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $201.70 million during the quarter, compared to analyst estimates of $201.34 million. RSP Permian had a net margin of 13.69% and a return on equity of 2.32%. The firm’s quarterly revenue was up 115.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.01) earnings per share. equities analysts predict that RSP Permian Inc will post 0.81 EPS for the current fiscal year.

A number of analysts have weighed in on RSPP shares. ValuEngine lowered shares of RSP Permian from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. BidaskClub upgraded shares of RSP Permian from a “strong sell” rating to a “sell” rating in a research note on Friday, September 15th. Piper Jaffray Companies reduced their price target on shares of RSP Permian from $49.00 to $37.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Northland Securities reiterated a “buy” rating and issued a $52.00 price target on shares of RSP Permian in a research note on Tuesday, September 26th. Finally, Stifel Nicolaus set a $43.00 price target on shares of RSP Permian and gave the stock a “buy” rating in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. RSP Permian has an average rating of “Buy” and a consensus target price of $45.50.

In related news, Director Ted Collins, Jr. sold 42,000 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $34.74, for a total transaction of $1,459,080.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ted Collins, Jr. sold 21,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $34.78, for a total transaction of $730,380.00. Following the sale, the director now owns 8,094,851 shares of the company’s stock, valued at $281,538,917.78. The disclosure for this sale can be found here. Insiders have sold 191,973 shares of company stock valued at $6,861,844 over the last 90 days. 15.00% of the stock is currently owned by company insiders.

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RSP Permian 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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