Airain ltd Acquires 115,242 Shares of RSP Permian Inc (RSPP)

Airain ltd raised its position in RSP Permian Inc (NYSE:RSPP) by 1,604.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 122,425 shares of the oil and natural gas company’s stock after buying an additional 115,242 shares during the period. Airain ltd owned approximately 0.09% of RSP Permian worth $5,072,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. BlackRock Fund Advisors boosted its stake in shares of RSP Permian by 7.9% in the third quarter. BlackRock Fund Advisors now owns 2,139,561 shares of the oil and natural gas company’s stock worth $82,972,000 after buying an additional 157,233 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of RSP Permian by 0.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,876,837 shares of the oil and natural gas company’s stock worth $72,784,000 after buying an additional 15,523 shares during the period. Quantbot Technologies LP boosted its stake in shares of RSP Permian by 125.4% in the third quarter. Quantbot Technologies LP now owns 28,478 shares of the oil and natural gas company’s stock worth $1,104,000 after buying an additional 15,846 shares during the period. Cipher Capital LP boosted its stake in shares of RSP Permian by 7.5% in the fourth quarter. Cipher Capital LP now owns 177,426 shares of the oil and natural gas company’s stock worth $7,917,000 after buying an additional 12,401 shares during the period. Finally, Menta Capital LLC acquired a new stake in shares of RSP Permian during the fourth quarter worth $1,665,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

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

RSP Permian Inc (NYSE:RSPP) traded down 1.57% on Friday, reaching $40.05. 9,920,290 shares of the company’s stock traded hands. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 155.84 and a beta of 2.29. The stock has a 50 day moving average price of $39.61 and a 200 day moving average price of $41.21. RSP Permian Inc has a 12-month low of $31.30 and a 12-month high of $46.92.

RSP Permian (NYSE:RSPP) last released its quarterly earnings data on Tuesday, May 2nd. The oil and natural gas company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $169.93 million for the quarter, compared to the consensus estimate of $159.81 million. RSP Permian had a negative net margin of 15.43% and a negative return on equity of 0.47%. Analysts forecast that RSP Permian Inc will post $1.01 EPS for the current year.

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A number of equities research analysts have weighed in on RSPP shares. Scotiabank set a $54.00 price objective on shares of RSP Permian and gave the stock a “buy” rating in a report on Tuesday, February 28th. Deutsche Bank AG cut their price target on shares of RSP Permian to $52.00 and set a “buy” rating on the stock in a report on Tuesday, March 7th. Zacks Investment Research upgraded shares of RSP Permian from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Saturday, March 4th. Goldman Sachs Group Inc upgraded shares of RSP Permian from a “neutral” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Tuesday, April 11th. Finally, Stifel Nicolaus began coverage on shares of RSP Permian in a report on Wednesday, April 12th. They set a “buy” rating and a $46.00 price target on the stock. Two analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. RSP Permian has a consensus rating of “Buy” and an average price target of $48.15.

In other news, Director Ted Collins, Jr. sold 42,000 shares of the company’s stock in a transaction on Thursday, April 6th. The shares were sold at an average price of $40.80, for a total value of $1,713,600.00. Following the sale, the director now directly owns 8,355,451 shares of the company’s stock, valued at approximately $340,902,400.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP William Huck sold 6,000 shares of the company’s stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $41.17, for a total transaction of $247,020.00. Following the completion of the sale, the vice president now directly owns 334,452 shares in the company, valued at $13,769,388.84. The disclosure for this sale can be found here. Insiders sold a total of 147,000 shares of company stock worth $5,876,440 over the last ninety days. Insiders own 23.50% of the company’s stock.

About RSP Permian

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.

12 Month Chart for NYSE:RSPP

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