Chicago Equity Partners LLC bought a new position in RSP Permian Inc. (NYSE:RSPP) during the second quarter, Holdings Channel reports. The firm bought 51,990 shares of the company’s stock, valued at approximately $1,814,000.
A number of other large investors have also bought and sold shares of RSPP. BNP Paribas Arbitrage SA increased its position in shares of RSP Permian by 50,766.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,052 shares of the company’s stock worth $106,000 after buying an additional 3,046 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of RSP Permian during the first quarter worth about $248,000. Boothbay Fund Management LLC increased its position in shares of RSP Permian by 0.4% in the first quarter. Boothbay Fund Management LLC now owns 8,887 shares of the company’s stock worth $258,000 after buying an additional 39 shares during the period. Raymond James Trust N.A. increased its position in shares of RSP Permian by 0.4% in the second quarter. Raymond James Trust N.A. now owns 9,201 shares of the company’s stock worth $320,000 after buying an additional 41 shares during the period. Finally, Virginia Retirement System purchased a new position in shares of RSP Permian during the first quarter worth about $299,000. 86.35% of the stock is currently owned by hedge funds and other institutional investors.
Shares of RSP Permian Inc. (NYSE:RSPP) traded down 1.23% during trading on Tuesday, reaching $41.59. 2,428,873 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $38.86 and a 200 day moving average price of $35.12. RSP Permian Inc. has a 12 month low of $16.74 and a 12 month high of $43.30. The firm’s market cap is $4.23 billion.
RSP Permian (NYSE:RSPP) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). The business earned $81.50 million during the quarter, compared to analyst estimates of $71.12 million. RSP Permian had a positive return on equity of 0.31% and a negative net margin of 13.38%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. On average, analysts forecast that RSP Permian Inc. will post ($0.19) EPS for the current year.
RSPP has been the topic of a number of recent analyst reports. Bank of America Corp. restated a “buy” rating and issued a $41.00 price target (up previously from $35.00) on shares of RSP Permian in a research report on Tuesday, June 21st. Canaccord Genuity restated a “buy” rating and issued a $34.00 price target on shares of RSP Permian in a research report on Wednesday, July 6th. Roth Capital restated a “buy” rating on shares of RSP Permian in a research report on Tuesday, July 12th. Zacks Investment Research upgraded shares of RSP Permian from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Wednesday, July 13th. Finally, Piper Jaffray Cos. boosted their price target on shares of RSP Permian from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 13th. Six analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $39.21.
In related news, Director Kenneth V. Huseman purchased 2,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was purchased at an average price of $37.76 per share, with a total value of $75,520.00. Following the transaction, the director now directly owns 19,510 shares in the company, valued at $736,697.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP William Huck sold 6,000 shares of RSP Permian stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $39.79, for a total value of $238,740.00. Following the completion of the transaction, the vice president now directly owns 369,837 shares of the company’s stock, valued at approximately $14,715,814.23. The disclosure for this sale can be found here. 23.50% of the stock is owned by insiders.
RSP Permian Company Profile
RSP Permian, Inc is an independent oil and natural gas company focused on 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 operates through the oil and natural gas exploration and production industry in the United States segment.
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