Pacer Advisors Inc. raised its position in shares of RSP Permian, Inc. (NYSE:RSPP) by 11.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,808 shares of the oil and natural gas company’s stock after purchasing an additional 2,345 shares during the period. Pacer Advisors Inc.’s holdings in RSP Permian were worth $789,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in RSPP. BNP Paribas Arbitrage SA grew its holdings in RSP Permian by 65.7% during the second 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 during the period. Gluskin Sheff & Assoc Inc. bought a new position in RSP Permian during the second quarter valued at $210,000. Sentry Investment Management LLC bought a new position in RSP Permian during the second quarter valued at $210,000. GSA Capital Partners LLP bought a new position in RSP Permian during the second quarter valued at $225,000. Finally, Teton Advisors Inc. bought a new position in RSP Permian during the third quarter valued at $256,000. 83.77% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Steven D. Gray purchased 10,000 shares of the stock in a transaction on Tuesday, August 29th. The shares were acquired at an average price of $29.99 per share, for a total transaction of $299,900.00. Following the completion of the transaction, the chief executive officer now directly owns 311,688 shares of the company’s stock, valued at approximately $9,347,523.12. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ted Collins, Jr. sold 42,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $30.71, for a total value of $1,289,820.00. Following the sale, the director now owns 8,136,851 shares in the company, valued at approximately $249,882,694.21. The disclosure for this sale can be found here. Insiders sold 180,447 shares of company stock worth $6,020,757 in the last quarter. 15.00% of the stock is currently owned by company insiders.
Shares of RSP Permian, Inc. (RSPP) traded up $0.81 during mid-day trading on Monday, hitting $37.29. The company had a trading volume of 747,700 shares, compared to its average volume of 2,051,571. 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 one year low of $28.76 and a one year high of $46.92. The stock has a market capitalization of $5,910.00, a P/E ratio of 61.13, a PEG ratio of 1.83 and a beta of 2.15.
RSP Permian (NYSE:RSPP) last issued its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 quarter last year, the business posted ($0.01) earnings per share. The firm’s revenue was up 115.5% compared to the same quarter last year. sell-side analysts predict that RSP Permian, Inc. will post 0.79 earnings per share for the current fiscal year.
RSPP has been the topic of several recent research reports. Zacks Investment Research upgraded RSP Permian from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Friday, November 3rd. KeyCorp restated a “buy” rating and set a $49.00 target price on shares of RSP Permian in a research report on Tuesday, October 24th. ValuEngine downgraded RSP Permian from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. BidaskClub upgraded RSP Permian from a “sell” rating to a “hold” rating in a research report on Saturday, September 23rd. Finally, Stifel Nicolaus set a $43.00 target price on RSP Permian and gave the stock a “buy” rating in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $47.00.
About RSP Permian
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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