RSP Permian Inc (RSPP) Stake Decreased by State of Wisconsin Investment Board

State of Wisconsin Investment Board cut its stake in shares of RSP Permian Inc (NYSE:RSPP) by 12.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 505,157 shares of the oil and natural gas company’s stock after selling 72,008 shares during the quarter. State of Wisconsin Investment Board owned about 0.32% of RSP Permian worth $22,237,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Fieldpoint Private Securities LLC grew its stake in RSP Permian by 16.2% in the 1st quarter. Fieldpoint Private Securities LLC now owns 8,126 shares of the oil and natural gas company’s stock valued at $381,000 after acquiring an additional 1,135 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in RSP Permian by 4.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 27,266 shares of the oil and natural gas company’s stock valued at $1,278,000 after acquiring an additional 1,253 shares during the last quarter. Legal & General Group Plc grew its stake in RSP Permian by 2.3% in the 1st quarter. Legal & General Group Plc now owns 73,392 shares of the oil and natural gas company’s stock valued at $3,441,000 after acquiring an additional 1,629 shares during the last quarter. Aperio Group LLC grew its stake in RSP Permian by 7.0% in the 1st quarter. Aperio Group LLC now owns 25,457 shares of the oil and natural gas company’s stock valued at $1,193,000 after acquiring an additional 1,662 shares during the last quarter. Finally, Leavell Investment Management Inc. grew its stake in RSP Permian by 13.4% in the 2nd quarter. Leavell Investment Management Inc. now owns 14,800 shares of the oil and natural gas company’s stock valued at $651,000 after acquiring an additional 1,750 shares during the last quarter. 89.74% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on RSPP shares. Seaport Global Securities cut shares of RSP Permian from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 24th. Roth Capital cut shares of RSP Permian from a “buy” rating to a “neutral” rating and set a $51.00 price target on the stock. in a research note on Monday, April 16th. ValuEngine cut shares of RSP Permian from a “buy” rating to a “hold” rating in a research note on Monday, May 14th. Stifel Nicolaus set a $48.00 price target on shares of RSP Permian and gave the stock a “hold” rating in a research note on Tuesday, April 24th. Finally, Guggenheim reaffirmed a “buy” rating on shares of RSP Permian in a research note on Monday, July 23rd. Thirteen equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $52.20.

Shares of RSP Permian opened at $47.83 on Monday, Marketbeat.com reports. The stock has a market cap of $7.63 billion, a PE ratio of 58.33, a P/E/G ratio of 0.62 and a beta of 1.61. RSP Permian Inc has a 1-year low of $28.76 and a 1-year high of $51.51. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.77 and a current ratio of 0.77.

RSP Permian Company Profile

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

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