Advisory Research Inc. increased its position in shares of RSP Permian Inc (NYSE:RSPP) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,447,287 shares of the oil and natural gas company’s stock after acquiring an additional 39,457 shares during the quarter. RSP Permian accounts for about 1.0% of Advisory Research Inc.’s holdings, making the stock its 26th largest position. Advisory Research Inc.’s holdings in RSP Permian were worth $58,876,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new position in RSP Permian in the 2nd quarter valued at approximately $225,000. Voya Investment Management LLC increased its stake in RSP Permian by 5.9% in the 2nd quarter. Voya Investment Management LLC now owns 43,784 shares of the oil and natural gas company’s stock valued at $1,413,000 after buying an additional 2,420 shares during the period. Stifel Financial Corp increased its stake in RSP Permian by 217.5% in the 2nd quarter. Stifel Financial Corp now owns 39,667 shares of the oil and natural gas company’s stock valued at $1,279,000 after buying an additional 27,172 shares during the period. State Street Corp increased its stake in RSP Permian by 6.1% in the 2nd quarter. State Street Corp now owns 3,833,760 shares of the oil and natural gas company’s stock valued at $123,714,000 after buying an additional 219,177 shares during the period. Finally, California State Teachers Retirement System increased its stake in RSP Permian by 22.8% in the 2nd quarter. California State Teachers Retirement System now owns 238,042 shares of the oil and natural gas company’s stock valued at $7,681,000 after buying an additional 44,238 shares during the period. Institutional investors and hedge funds own 87.01% of the company’s stock.

RSPP has been the subject of several recent research reports. Williams Capital decreased their target price on shares of RSP Permian from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, October 18th. Morgan Stanley boosted their target price on shares of RSP Permian from $41.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. BidaskClub downgraded shares of RSP Permian from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Zacks Investment Research downgraded shares of RSP Permian from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, KeyCorp reissued a “buy” rating and issued a $49.00 target price on shares of RSP Permian in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $47.93.

In related news, Director Ted Collins, Jr. sold 42,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $35.61, for a total transaction of $1,495,620.00. Following the completion of the transaction, the director now directly owns 8,052,851 shares in the company, valued at approximately $286,762,024.11. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Erik B. Daugbjerg sold 19,973 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $37.27, for a total transaction of $744,393.71. Following the transaction, the vice president now owns 203,598 shares of the company’s stock, valued at $7,588,097.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 233,473 shares of company stock valued at $9,073,416. 15.00% of the stock is owned by insiders.

Shares of RSP Permian Inc (RSPP) opened at $34.22 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $5,335.28, a price-to-earnings ratio of 56.10, a P/E/G ratio of 0.47 and a beta of 1.97. RSP Permian Inc has a 1-year low of $28.76 and a 1-year high of $44.11.

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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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