American Century Companies Inc. boosted its position in RSP Permian, Inc. (NYSE:RSPP) by 25.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 186,191 shares of the oil and natural gas company’s stock after acquiring an additional 37,283 shares during the period. American Century Companies Inc. owned 0.12% of RSP Permian worth $6,440,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Third Point LLC grew 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 in the last quarter. Westwood Holdings Group Inc. grew 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 in the last quarter. Vanguard Group Inc. grew 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 in the last quarter. Artisan Partners Limited Partnership purchased a new position in shares of RSP Permian during the second quarter worth about $25,087,000. Finally, Boston Partners grew its holdings in shares of RSP Permian by 10.3% during the second quarter. Boston Partners now owns 7,291,558 shares of the oil and natural gas company’s stock worth $235,299,000 after purchasing an additional 681,747 shares in the last quarter. Institutional investors and hedge funds own 86.24% of the company’s stock.
In other RSP Permian news, Director Ted Collins, Jr. sold 21,000 shares of the stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $34.78, for a total value of $730,380.00. Following the transaction, the director now owns 8,094,851 shares of the company’s stock, valued at $281,538,917.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ted Collins, Jr. sold 42,000 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $34.74, for a total value of $1,459,080.00. The disclosure for this sale can be found here. Insiders have sold 124,973 shares of company stock worth $4,429,474 over the last ninety days. 15.00% of the stock is currently owned by insiders.
RSP Permian, Inc. (NYSE:RSPP) traded up $0.88 during midday trading on Thursday, hitting $36.45. The stock had a trading volume of 1,384,357 shares, compared to its average volume of 2,034,317. RSP Permian, Inc. has a 52-week low of $28.76 and a 52-week high of $46.92. The stock has a market capitalization of $5,763.50, a PE ratio of 59.57, a P/E/G ratio of 1.75 and a beta of 2.15. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.84 and a current ratio of 0.84.
RSP Permian (NYSE:RSPP) last released its earnings results on Monday, November 6th. The oil and natural gas company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. RSP Permian had a return on equity of 2.32% and a net margin of 13.69%. The firm had revenue of $201.70 million for the quarter, compared to analysts’ expectations of $201.34 million. During the same period in the prior year, the firm posted ($0.01) earnings per share. The company’s quarterly revenue was up 115.5% on a year-over-year basis. equities research analysts expect that RSP Permian, Inc. will post 0.79 earnings per share for the current year.
Several analysts have issued reports on RSPP shares. Goldman Sachs Group raised RSP Permian from a “buy” rating to a “conviction-buy” rating and set a $45.00 target price for the company in a research note on Wednesday, August 9th. Roth Capital set a $44.00 target price on RSP Permian and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Imperial Capital assumed coverage on RSP Permian in a research note on Tuesday, August 15th. They issued an “outperform” rating and a $42.00 target price for the company. Zacks Investment Research upgraded RSP Permian from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Finally, Jefferies Group reiterated a “buy” rating and issued a $46.00 price objective on shares of RSP Permian in a research report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $47.00.
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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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