William Blair Investment Management LLC Sells 7,092 Shares of RSP Permian Inc (RSPP)

William Blair Investment Management LLC lessened its stake in shares of RSP Permian Inc (NYSE:RSPP) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 507,122 shares of the oil and natural gas company’s stock after selling 7,092 shares during the quarter. William Blair Investment Management LLC owned 0.32% of RSP Permian worth $20,630,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of RSPP. Carillon Tower Advisers Inc. acquired a new position in shares of RSP Permian during the fourth quarter worth about $127,821,000. Millennium Management LLC lifted its stake in shares of RSP Permian by 97.9% during the fourth quarter. Millennium Management LLC now owns 4,529,224 shares of the oil and natural gas company’s stock worth $184,249,000 after purchasing an additional 2,240,454 shares in the last quarter. Boston Partners lifted its stake in shares of RSP Permian by 20.1% in the fourth quarter. Boston Partners now owns 8,836,699 shares of the oil and natural gas company’s stock worth $359,476,000 after acquiring an additional 1,475,996 shares in the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of RSP Permian by 208.1% in 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 acquiring an additional 1,361,049 shares in the last quarter. Finally, Tide Point Capital Management LP lifted its stake in shares of RSP Permian by 186.3% in the fourth quarter. Tide Point Capital Management LP now owns 1,963,563 shares of the oil and natural gas company’s stock worth $79,878,000 after acquiring an additional 1,277,690 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Several research firms recently commented on RSPP. Roth Capital boosted their price target on RSP Permian from $44.00 to $50.50 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Robert W. Baird began coverage on RSP Permian in a research note on Tuesday, December 19th. They issued an “outperform” rating and a $46.00 price target on the stock. Credit Suisse Group began coverage on RSP Permian in a research note on Monday, December 11th. They issued an “outperform” rating and a $44.00 price target on the stock. Northland Securities reiterated a “buy” rating and issued a $55.00 price target on shares of RSP Permian in a research note on Thursday, March 1st. Finally, Stephens reiterated a “buy” rating and issued a $53.00 price target on shares of RSP Permian in a research note on Thursday, March 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $49.76.

In other news, Director Ted Collins, Jr. sold 42,000 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $41.47, for a total transaction of $1,741,740.00. Following the completion of the transaction, the director now directly owns 7,968,851 shares of the company’s stock, valued at $330,468,250.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Wallace Family Partnership, Lp sold 29,877 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $42.58, for a total value of $1,272,162.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,500 shares of company stock valued at $4,401,033. 15.00% of the stock is owned by corporate insiders.

Shares of RSP Permian Inc (RSPP) opened at $37.76 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $6,020.51, a PE ratio of 45.49, a P/E/G ratio of 0.51 and a beta of 1.92. RSP Permian Inc has a fifty-two week low of $28.76 and a fifty-two week high of $43.35.

RSP Permian (NYSE:RSPP) last announced its quarterly earnings data on Tuesday, February 27th. The oil and natural gas company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The firm had revenue of $249.02 million during the quarter, compared to analyst estimates of $246.71 million. RSP Permian had a return on equity of 3.07% and a net margin of 28.88%. equities analysts anticipate that RSP Permian Inc will post 2.23 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.

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

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