Renaissance Technologies LLC acquired a new position in RSP Permian (NYSE:RSPP) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 105,600 shares of the oil and natural gas company’s stock, valued at approximately $4,296,000. Renaissance Technologies LLC owned 0.07% of RSP Permian at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners grew 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 valued at $359,476,000 after buying an additional 1,475,996 shares in the last quarter. Eagle Asset Management Inc. grew its stake in shares of RSP Permian by 18.2% in the fourth quarter. Eagle Asset Management Inc. now owns 4,534,674 shares of the oil and natural gas company’s stock valued at $183,598,000 after buying an additional 698,647 shares in the last quarter. Carillon Tower Advisers Inc. acquired a new stake in shares of RSP Permian in the fourth quarter valued at about $127,821,000. Dimensional Fund Advisors LP grew its stake in shares of RSP Permian by 15.7% in the third quarter. Dimensional Fund Advisors LP now owns 2,716,237 shares of the oil and natural gas company’s stock valued at $93,954,000 after buying an additional 369,400 shares in the last quarter. Finally, Advisory Research Inc. grew its stake in shares of RSP Permian by 2.8% in the fourth quarter. Advisory Research Inc. now owns 1,447,287 shares of the oil and natural gas company’s stock valued at $58,876,000 after buying an additional 39,457 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.
NYSE:RSPP opened at $48.88 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.72 and a current ratio of 0.72. RSP Permian has a 52 week low of $28.76 and a 52 week high of $49.26. The company has a market cap of $7,622.89, a price-to-earnings ratio of 59.61, a PEG ratio of 0.64 and a beta of 1.67.
RSP Permian (NYSE:RSPP) last released its earnings results on Tuesday, February 27th. The oil and natural gas company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. RSP Permian had a return on equity of 3.07% and a net margin of 28.88%. The company had revenue of $249.02 million for the quarter, compared to the consensus estimate of $246.71 million. research analysts forecast that RSP Permian will post 2.23 earnings per share for the current fiscal year.
In other RSP Permian news, insider Wallace Family Partnership, Lp sold 62,500 shares of the stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $46.81, for a total transaction of $2,925,625.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 15.00% of the company’s stock.
A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada reiterated a “hold” rating and issued a $53.00 target price on shares of RSP Permian in a research note on Friday, April 13th. Stifel Nicolaus set a $49.00 target price on RSP Permian and gave the company a “buy” rating in a research note on Wednesday, March 28th. Roth Capital lowered RSP Permian from a “buy” rating to a “neutral” rating and set a $51.00 target price for the company. in a research note on Monday. ValuEngine lowered RSP Permian from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Finally, Credit Suisse Group lowered RSP Permian from an “outperform” rating to a “hold” rating and lowered their target price for the company from $53.00 to $51.00 in a research note on Tuesday, April 3rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. RSP Permian presently has a consensus rating of “Buy” and a consensus target price of $50.43.
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About RSP Permian
RSP Permian, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. It owns interest in contiguous acreage blocks in the core of the Midland Basin primarily in the adjacent counties of Midland, Martin, Andrews, Dawson, Ector, and Glasscock; and in Loving and Winkler counties of the Delaware Basin.
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