Nisa Investment Advisors LLC Acquires 3,750 Shares of RSP Permian, Inc. (NYSE:RSPP)

Nisa Investment Advisors LLC boosted its stake in shares of RSP Permian, Inc. (NYSE:RSPP) by 24.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 19,280 shares of the oil and natural gas company’s stock after buying an additional 3,750 shares during the period. Nisa Investment Advisors LLC’s holdings in RSP Permian were worth $668,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. 1st Global Advisors Inc. boosted its stake in shares of RSP Permian by 1.9% in the first quarter. 1st Global Advisors Inc. now owns 6,594 shares of the oil and natural gas company’s stock worth $273,000 after buying an additional 121 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of RSP Permian by 4.3% in the first quarter. Teacher Retirement System of Texas now owns 8,091 shares of the oil and natural gas company’s stock worth $335,000 after buying an additional 331 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of RSP Permian by 1.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 41,236 shares of the oil and natural gas company’s stock worth $1,708,000 after buying an additional 450 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of RSP Permian by 1.0% in the first quarter. Mutual of America Capital Management LLC now owns 58,530 shares of the oil and natural gas company’s stock worth $2,425,000 after buying an additional 598 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. boosted its stake in shares of RSP Permian by 3.1% in the first quarter. Adams Diversified Equity Fund Inc. now owns 20,000 shares of the oil and natural gas company’s stock worth $829,000 after buying an additional 600 shares in the last quarter. 78.60% of the stock is currently owned by institutional investors and hedge funds.

Shares of RSP Permian, Inc. (NYSE:RSPP) opened at 31.32 on Friday. The stock has a 50 day moving average price of $32.65 and a 200 day moving average price of $37.14. RSP Permian, Inc. has a 1-year low of $29.67 and a 1-year high of $46.92. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 57.79 and a beta of 2.13.

RSP Permian (NYSE:RSPP) last posted its earnings results on Monday, August 7th. The oil and natural gas company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $183.10 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) earnings per share. Equities research analysts anticipate that RSP Permian, Inc. will post $0.72 EPS for the current year.

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A number of analysts have recently commented on RSPP shares. Zacks Investment Research cut RSP Permian from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. ValuEngine cut RSP Permian from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Credit Suisse Group started coverage on RSP Permian in a research report on Thursday, June 1st. They issued an “outperform” rating and a $59.00 price target on the stock. Roth Capital set a $44.00 price target on RSP Permian and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $44.00 price target on shares of RSP Permian in a research report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, two have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. RSP Permian presently has an average rating of “Buy” and a consensus target price of $46.56.

In related news, major shareholder Richard A. Kayne sold 17,250,000 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $38.78, for a total transaction of $668,955,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Zane W. Arrott sold 47,113 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $31.29, for a total transaction of $1,474,165.77. Following the transaction, the chief operating officer now owns 86,614 shares of the company’s stock, valued at $2,710,152.06. The disclosure for this sale can be found here. Insiders have sold 17,465,113 shares of company stock valued at $675,966,446 over the last 90 days. 15.00% of the stock is currently owned by insiders.

RSP Permian Company 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.

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

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