Westfield Capital Management Co. LP acquired a new stake in RSP Permian, Inc. (NYSE:RSPP) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 665,200 shares of the oil and natural gas company’s stock, valued at approximately $23,009,000. Westfield Capital Management Co. LP owned approximately 0.42% of RSP Permian at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of RSPP. Vanguard Group Inc. grew its position in shares of RSP Permian by 11.8% during the 2nd quarter. Vanguard Group Inc. now owns 9,963,201 shares of the oil and natural gas company’s stock worth $321,513,000 after buying an additional 1,054,281 shares during the period. Boston Partners grew its position in shares of RSP Permian by 0.9% during the 3rd quarter. Boston Partners now owns 7,360,703 shares of the oil and natural gas company’s stock worth $254,606,000 after buying an additional 69,145 shares during the period. FMR LLC grew its position in shares of RSP Permian by 5.9% during the 2nd quarter. FMR LLC now owns 5,423,687 shares of the oil and natural gas company’s stock worth $175,023,000 after buying an additional 300,249 shares during the period. Third Point LLC grew its position in shares of RSP Permian by 19.5% during the 3rd quarter. Third Point LLC now owns 4,600,000 shares of the oil and natural gas company’s stock worth $159,114,000 after buying an additional 750,000 shares during the period. Finally, Westwood Holdings Group Inc. grew its position in shares of RSP Permian by 38.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 3,876,462 shares of the oil and natural gas company’s stock worth $125,102,000 after buying an additional 1,073,137 shares during the period. Hedge funds and other institutional investors own 86.24% of the company’s stock.

Several equities research analysts have recently commented on the stock. Roth Capital set a $44.00 price target on shares of RSP Permian and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Goldman Sachs Group raised shares of RSP Permian from a “buy” rating to a “conviction-buy” rating and set a $45.00 price objective on the stock in a research note on Wednesday, August 9th. Imperial Capital assumed coverage on shares of RSP Permian in a research note on Tuesday, August 15th. They set an “outperform” rating and a $42.00 price objective on the stock. Zacks Investment Research raised shares of RSP Permian from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, BidaskClub lowered shares of RSP Permian from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $47.00.

In other news, Director Ted Collins, Jr. sold 21,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $31.15, for a total value of $654,150.00. Following the sale, the director now owns 8,136,851 shares of the company’s stock, valued at $253,462,908.65. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ted Collins, Jr. sold 42,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $35.61, for a total transaction of $1,495,620.00. Following the completion of the sale, the director now directly owns 8,052,851 shares in the company, valued at approximately $286,762,024.11. The disclosure for this sale can be found here. In the last three months, insiders sold 168,000 shares of company stock worth $5,629,050. 15.00% of the stock is currently owned by insiders.

Shares of RSP Permian, Inc. (NYSE:RSPP) traded down $1.07 on Tuesday, reaching $36.68. 1,777,700 shares of the company’s stock were exchanged, compared to its average volume of 2,044,324. 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, Inc. has a 1 year low of $28.76 and a 1 year high of $46.92. The company has a market capitalization of $5,987.12, a price-to-earnings ratio of 61.88, a P/E/G ratio of 1.82 and a beta of 2.15.

RSP Permian (NYSE:RSPP) last announced its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.18 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.18. The business had revenue of $201.70 million for the quarter, compared to analyst estimates of $201.34 million. RSP Permian had a net margin of 13.69% and a return on equity of 2.32%. The firm’s revenue for the quarter was up 115.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. research analysts forecast that RSP Permian, Inc. will post 0.79 EPS for the current year.

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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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