TIAA CREF Investment Management LLC raised its position in RSP Permian (NYSE:RSPP) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,522,496 shares of the oil and natural gas company’s stock after buying an additional 419,316 shares during the quarter. TIAA CREF Investment Management LLC owned about 3.48% of RSP Permian worth $224,655,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Carillon Tower Advisers Inc. acquired a new position in shares of RSP Permian in the 4th quarter worth approximately $127,821,000. Boston Partners lifted its position in shares of RSP Permian by 20.1% during the 4th quarter. Boston Partners now owns 8,836,699 shares of the oil and natural gas company’s stock valued at $359,476,000 after acquiring an additional 1,475,996 shares during the period. Alyeska Investment Group L.P. lifted its position in shares of RSP Permian by 208.1% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,015,071 shares of the oil and natural gas company’s stock valued at $69,701,000 after acquiring an additional 1,361,049 shares during the period. Tide Point Capital Management LP increased its stake in RSP Permian by 186.3% during the 4th quarter. Tide Point Capital Management LP now owns 1,963,563 shares of the oil and natural gas company’s stock valued at $79,878,000 after purchasing an additional 1,277,690 shares in the last quarter. Finally, Viking Global Investors LP bought a new stake in RSP Permian during the 4th quarter valued at $46,798,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.
In other RSP Permian news, insider Wallace Family Partnership, Lp sold 62,500 shares of the firm’s stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $46.81, for a total transaction of $2,925,625.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 125,000 shares of company stock valued at $5,584,918. 15.00% of the stock is owned by insiders.
A number of brokerages recently weighed in on RSPP. Williams Capital set a $58.00 price target on shares of RSP Permian and gave the stock a “buy” rating in a report on Wednesday, March 28th. Royal Bank of Canada lowered RSP Permian from an “outperform” rating to a “hold” rating and set a $50.00 price target for the company. in a research note on Thursday, March 29th. KLR Group lowered RSP Permian from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Raymond James Financial reissued a “market perform” rating on shares of RSP Permian in a research report on Monday, April 2nd. Finally, Stifel Nicolaus set a $49.00 price target on RSP Permian and gave the company a “buy” rating in a report on Wednesday, March 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $50.41.
NYSE RSPP opened at $41.47 on Friday. The company has a market capitalization of $7,048.90, a PE ratio of 50.57, a PEG ratio of 0.60 and a beta of 1.67. RSP Permian has a 1-year low of $28.76 and a 1-year high of $47.17. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.35.
RSP Permian (NYSE:RSPP) last announced its quarterly earnings data on Tuesday, February 27th. The oil and natural gas company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.04. RSP Permian had a return on equity of 3.07% and a net margin of 28.88%. The firm had revenue of $249.02 million for the quarter, compared to the consensus estimate of $246.71 million. research analysts predict that RSP Permian will post 2.23 earnings per share for the current fiscal year.
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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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