RSP Permian, Inc. (RSPP) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its holdings in shares of RSP Permian, Inc. (NYSE:RSPP) by 13.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 82,442 shares of the oil and natural gas company’s stock after acquiring an additional 9,604 shares during the period. Asset Management One Co. Ltd. owned 0.05% of RSP Permian worth $2,847,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of RSPP. Aperio Group LLC raised its position in shares of RSP Permian by 27.1% during the 2nd quarter. Aperio Group LLC now owns 17,908 shares of the oil and natural gas company’s stock worth $578,000 after acquiring an additional 3,814 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of RSP Permian by 32.5% during the 2nd quarter. Great West Life Assurance Co. Can now owns 13,234 shares of the oil and natural gas company’s stock worth $426,000 after acquiring an additional 3,245 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of RSP Permian by 19.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 9,670 shares of the oil and natural gas company’s stock worth $312,000 after acquiring an additional 1,579 shares in the last quarter. Rhumbline Advisers raised its position in shares of RSP Permian by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 134,423 shares of the oil and natural gas company’s stock worth $4,338,000 after acquiring an additional 6,870 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of RSP Permian by 35.6% during the 2nd quarter. Legal & General Group Plc now owns 48,410 shares of the oil and natural gas company’s stock worth $1,562,000 after acquiring an additional 12,713 shares in the last quarter. 86.19% of the stock is currently owned by institutional investors and hedge funds.

RSP Permian, Inc. (NYSE:RSPP) opened at $37.98 on Thursday. RSP Permian, Inc. has a 12 month low of $28.76 and a 12 month high of $46.92. The firm has a market capitalization of $5,874.52, a P/E ratio of 60.72, a price-to-earnings-growth ratio of 1.75 and a beta of 2.15. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.35.

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 for the quarter, meeting the consensus estimate of $0.18. RSP Permian had a return on equity of 2.32% and a net margin of 13.69%. The company had revenue of $201.70 million for the quarter, compared to the consensus estimate of $201.34 million. During the same period last year, the business posted ($0.01) EPS. The company’s revenue was up 115.5% on a year-over-year basis. equities research analysts predict that RSP Permian, Inc. will post 0.8 earnings per share for the current fiscal year.

In related news, Director Ted Collins, Jr. sold 42,000 shares of RSP Permian stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $34.74, for a total value of $1,459,080.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Erik B. Daugbjerg sold 19,973 shares of RSP Permian stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $37.27, for a total value of $744,393.71. Following the completion of the sale, the vice president now owns 203,598 shares in the company, valued at $7,588,097.46. The disclosure for this sale can be found here. Insiders sold a total of 191,973 shares of company stock worth $6,861,844 over the last quarter. Company insiders own 15.00% of the company’s stock.

A number of research analysts recently issued reports on the company. Royal Bank of Canada raised their price target on RSP Permian from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. Zacks Investment Research downgraded RSP Permian from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Credit Suisse Group assumed coverage on RSP Permian in a research note on Monday, December 11th. They set an “outperform” rating and a $44.00 price target on the stock. Robert W. Baird assumed coverage on RSP Permian in a research note on Tuesday. They set an “outperform” rating and a $46.00 price target on the stock. Finally, Stifel Nicolaus restated a “buy” rating and set a $46.00 price target (up previously from $45.00) on shares of RSP Permian in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. RSP Permian currently has a consensus rating of “Buy” and a consensus target price of $45.61.

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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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