Cubist Systematic Strategies LLC Decreases Holdings in RSP Permian Inc (RSPP)

Cubist Systematic Strategies LLC lessened its stake in shares of RSP Permian Inc (NYSE:RSPP) by 69.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,624 shares of the oil and natural gas company’s stock after selling 26,220 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in RSP Permian were worth $402,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Third Point LLC lifted its holdings in shares of RSP Permian by 92.5% during the second quarter. Third Point LLC now owns 3,850,000 shares of the oil and natural gas company’s stock worth $124,240,000 after purchasing an additional 1,850,000 shares during the period. Alyeska Investment Group L.P. lifted its holdings in shares of RSP Permian by 208.1% during the third quarter. Alyeska Investment Group L.P. now owns 2,015,071 shares of the oil and natural gas company’s stock worth $69,701,000 after purchasing an additional 1,361,049 shares during the period. Westwood Holdings Group Inc. lifted its holdings in shares of RSP Permian by 38.3% during the second quarter. Westwood Holdings Group Inc. now owns 3,876,462 shares of the oil and natural gas company’s stock worth $125,102,000 after purchasing an additional 1,073,137 shares during the period. Vanguard Group Inc. lifted its holdings in shares of RSP Permian by 11.8% during the second quarter. Vanguard Group Inc. now owns 9,963,201 shares of the oil and natural gas company’s stock worth $321,513,000 after purchasing an additional 1,054,281 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of RSP Permian by 163.2% during the third quarter. JPMorgan Chase & Co. now owns 1,322,262 shares of the oil and natural gas company’s stock worth $45,632,000 after purchasing an additional 819,846 shares during the period. 86.19% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO Scott K. Mcneill sold 25,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $37.05, for a total transaction of $926,250.00. Following the transaction, the chief financial officer now owns 94,477 shares in the company, valued at $3,500,372.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Erik B. Daugbjerg sold 19,973 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $37.27, for a total transaction of $744,393.71. Following the transaction, the vice president now owns 203,598 shares in the company, valued at approximately $7,588,097.46. The disclosure for this sale can be found here. Insiders have sold 191,973 shares of company stock worth $6,861,844 in the last quarter. Company insiders own 15.00% of the company’s stock.

A number of equities analysts have recently commented on the stock. Jefferies Group set a $48.00 price target on shares of RSP Permian and gave the stock a “buy” rating in a report on Wednesday, December 20th. Royal Bank of Canada set a $47.00 price target on shares of RSP Permian and gave the stock a “buy” rating in a report on Wednesday, December 20th. Zacks Investment Research lowered shares of RSP Permian from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Credit Suisse Group assumed coverage on shares of RSP Permian in a report on Monday, December 11th. They set an “outperform” rating and a $44.00 price target on the stock. Finally, Robert W. Baird assumed coverage on shares of RSP Permian in a report on Tuesday, December 19th. They issued an “outperform” rating and a $46.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $45.50.

RSP Permian Inc (RSPP) opened at $40.68 on Monday. The stock has a market cap of $6,451.82, a price-to-earnings ratio of 66.69, a P/E/G ratio of 1.91 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 Inc has a fifty-two week low of $28.76 and a fifty-two week high of $46.92.

RSP Permian (NYSE:RSPP) last announced its quarterly earnings data 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 net margin of 13.69% and a return on equity of 2.32%. The firm had revenue of $201.70 million for the quarter, compared to analyst estimates of $201.34 million. During the same quarter in the prior year, the business earned ($0.01) earnings per share. The business’s quarterly revenue was up 115.5% compared to the same quarter last year. equities analysts expect that RSP Permian Inc will post 0.81 EPS for the current year.

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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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