BW Gestao de Investimentos Ltda. purchased a new stake in RSP Permian, Inc. (NYSE:RSPP) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 200,000 shares of the oil and natural gas company’s stock, valued at approximately $6,454,000. RSP Permian makes up about 1.7% of BW Gestao de Investimentos Ltda.’s investment portfolio, making the stock its 11th largest holding. BW Gestao de Investimentos Ltda. owned 0.13% of RSP Permian as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Comerica Bank increased its position in shares of RSP Permian by 8.8% during the first quarter. Comerica Bank now owns 11,117 shares of the oil and natural gas company’s stock worth $422,000 after acquiring an additional 902 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of RSP Permian by 7.6% during the first quarter. UBS Asset Management Americas Inc. now owns 72,919 shares of the oil and natural gas company’s stock worth $3,021,000 after acquiring an additional 5,158 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of RSP Permian during the first quarter worth about $584,000. Prudential Financial Inc. increased its position in shares of RSP Permian by 26.2% during the first quarter. Prudential Financial Inc. now owns 18,860 shares of the oil and natural gas company’s stock worth $782,000 after acquiring an additional 3,920 shares in the last quarter. Finally, American International Group Inc. increased its position in shares of RSP Permian by 31.6% during the first quarter. American International Group Inc. now owns 59,546 shares of the oil and natural gas company’s stock worth $2,467,000 after acquiring an additional 14,296 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

In other RSP Permian news, Director Ted Collins, Jr. sold 42,000 shares of RSP Permian stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $32.75, for a total transaction of $1,375,500.00. Following the transaction, the director now owns 8,178,851 shares of the company’s stock, valued at $267,857,370.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ted Collins, Jr. sold 21,000 shares of RSP Permian stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $32.65, for a total transaction of $685,650.00. Following the transaction, the director now directly owns 8,178,851 shares in the company, valued at approximately $267,039,485.15. The disclosure for this sale can be found here. Insiders have sold 248,560 shares of company stock valued at $8,060,453 over the last 90 days. 15.00% of the stock is currently owned by company insiders.

Several equities research analysts have recently commented on the stock. Stifel Nicolaus set a $43.00 target price on shares of RSP Permian and gave the stock a “buy” rating in a research report on Thursday, October 5th. Barclays PLC boosted their target price on shares of RSP Permian from $38.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday. Zacks Investment Research raised shares of RSP Permian from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Wednesday. Jefferies Group LLC reissued a “buy” rating and set a $47.00 target price on shares of RSP Permian in a research report on Tuesday. Finally, Northland Securities reissued a “buy” rating and set a $52.00 target price on shares of RSP Permian in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $47.39.

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RSP Permian, Inc. (NYSE RSPP) traded down 0.98% on Thursday, reaching $34.25. 624,823 shares of the company’s stock were exchanged. RSP Permian, Inc. has a 52-week low of $28.76 and a 52-week high of $46.92. The firm’s 50 day moving average price is $32.29 and its 200 day moving average price is $34.85. The company has a market cap of $5.43 billion, a PE ratio of 63.19 and a beta of 2.17.

RSP Permian (NYSE:RSPP) last announced its earnings results on Monday, August 7th. The oil and natural gas company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The company had revenue of $183.10 million during the quarter, compared to analyst estimates of $185.01 million. RSP Permian had a net margin of 12.71% and a return on equity of 1.86%. The firm’s quarterly revenue was up 124.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) earnings per share. On average, analysts expect that RSP Permian, Inc. will post $0.74 earnings per share for the current year.

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

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