Schroder Investment Management Group Acquires 12,564 Shares of RSP Permian, Inc. (RSPP)

Schroder Investment Management Group lifted its holdings in shares of RSP Permian, Inc. (NYSE:RSPP) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 589,780 shares of the oil and natural gas company’s stock after acquiring an additional 12,564 shares during the quarter. Schroder Investment Management Group owned about 0.37% of RSP Permian worth $20,353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Eagle Asset Management Inc. raised its stake in shares of RSP Permian by 8.1% in the 2nd quarter. Eagle Asset Management Inc. now owns 3,166,539 shares of the oil and natural gas company’s stock valued at $102,184,000 after purchasing an additional 236,985 shares in the last quarter. Cipher Capital LP raised its stake in shares of RSP Permian by 54.7% in the 2nd quarter. Cipher Capital LP now owns 82,238 shares of the oil and natural gas company’s stock valued at $2,654,000 after purchasing an additional 29,094 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of RSP Permian by 49.2% in the 2nd quarter. Victory Capital Management Inc. now owns 1,214,602 shares of the oil and natural gas company’s stock valued at $39,195,000 after purchasing an additional 400,254 shares in the last quarter. Capital Advisors Inc. OK acquired a new stake in shares of RSP Permian in the 2nd quarter valued at about $7,907,000. Finally, Rhumbline Advisers raised its stake in shares of RSP Permian by 5.4% in the 2nd quarter. Rhumbline Advisers now owns 134,423 shares of the oil and natural gas company’s stock valued at $4,338,000 after purchasing an additional 6,870 shares in the last quarter. Hedge funds and other institutional investors own 86.24% of the company’s stock.

RSP Permian, Inc. (NYSE RSPP) traded down $1.07 during midday trading on Tuesday, reaching $36.68. 1,777,700 shares of the company’s stock traded hands, compared to its average volume of 2,044,324. RSP Permian, Inc. has a 1 year low of $28.76 and a 1 year high of $46.92. 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 company has a market cap of $5,987.12, a PE ratio of 61.88, a price-to-earnings-growth ratio of 1.82 and a beta of 2.15.

RSP Permian (NYSE:RSPP) last posted its earnings results on Monday, November 6th. The oil and natural gas company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $201.70 million during the quarter, compared to analysts’ expectations of $201.34 million. RSP Permian had a net margin of 13.69% and a return on equity of 2.32%. RSP Permian’s quarterly revenue was up 115.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.01) EPS. equities research analysts anticipate that RSP Permian, Inc. will post 0.79 earnings per share for the current year.

RSPP has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of RSP Permian from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Royal Bank Of Canada upped their target price on shares of RSP Permian from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, November 13th. Northland Securities restated a “buy” rating and issued a $52.00 target price on shares of RSP Permian in a research note on Wednesday, November 1st. BidaskClub raised shares of RSP Permian from a “strong sell” rating to a “sell” rating in a research report on Friday, September 15th. Finally, Roth Capital set a $44.00 price objective on shares of RSP Permian and gave the company a “buy” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. RSP Permian currently has an average rating of “Buy” and an average price target of $47.00.

In related news, Director Ted Collins, Jr. sold 21,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $31.15, for a total value of $654,150.00. Following the completion of the sale, the director now owns 8,136,851 shares in the company, valued at approximately $253,462,908.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ted Collins, Jr. sold 42,000 shares of the company’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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 168,000 shares of company stock valued at $5,629,050. Company insiders own 15.00% of the company’s stock.

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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.

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

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