Swiss National Bank increased its holdings in shares of RSP Permian Inc (NYSE:RSPP) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 202,591 shares of the oil and natural gas company’s stock after purchasing an additional 4,100 shares during the quarter. Swiss National Bank’s holdings in RSP Permian were worth $8,241,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in RSPP. Public Employees Retirement System of Ohio acquired a new stake in RSP Permian in the second quarter valued at $1,892,000. Mutual of America Capital Management LLC lifted its stake in RSP Permian by 2.8% in the third quarter. Mutual of America Capital Management LLC now owns 60,660 shares of the oil and natural gas company’s stock valued at $2,098,000 after acquiring an additional 1,632 shares during the last quarter. Aperio Group LLC lifted its stake in RSP Permian by 16.4% in the third quarter. Aperio Group LLC now owns 20,853 shares of the oil and natural gas company’s stock valued at $721,000 after acquiring an additional 2,945 shares during the last quarter. Heartland Advisors Inc. acquired a new stake in RSP Permian in the third quarter valued at $6,918,000. Finally, Victory Capital Management Inc. lifted its stake in RSP Permian by 13.7% in the third quarter. Victory Capital Management Inc. now owns 1,381,385 shares of the oil and natural gas company’s stock valued at $47,782,000 after acquiring an additional 166,783 shares during the last quarter. Institutional investors and hedge funds own 89.64% of the company’s stock.
In related news, insider Wallace Family Partnership, Lp sold 29,877 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $42.58, for a total transaction of $1,272,162.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ted Collins, Jr. sold 42,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 7,968,851 shares in the company, valued at $330,468,250.97. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 191,473 shares of company stock worth $7,577,796. 15.00% of the stock is owned by insiders.
A number of analysts have commented on RSPP shares. Northland Securities reiterated a “buy” rating and issued a $52.00 price target on shares of RSP Permian in a research note on Wednesday, November 1st. BidaskClub upgraded shares of RSP Permian from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of RSP Permian from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Friday, November 3rd. Royal Bank of Canada increased their price objective on shares of RSP Permian from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, November 13th. Finally, BMO Capital Markets set a $46.00 price objective on shares of RSP Permian and gave the company a “buy” rating in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $47.93.
RSP Permian Inc (NYSE RSPP) opened at $37.23 on Friday. RSP Permian Inc has a 1 year low of $28.76 and a 1 year high of $43.35. The company has a market cap of $5,900.00, a PE ratio of 62.05, a P/E/G ratio of 0.49 and a beta of 1.97. 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 Company 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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