Wallace Family Partnership, Lp Sells 62,500 Shares of RSP Permian (RSPP) Stock

RSP Permian (NYSE:RSPP) insider Wallace Family Partnership, Lp sold 62,500 shares of the stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $48.95, for a total transaction of $3,059,375.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Wallace Family Partnership, Lp also recently made the following trade(s):

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  • On Thursday, March 29th, Wallace Family Partnership, Lp sold 62,500 shares of RSP Permian stock. The stock was sold at an average price of $46.81, for a total transaction of $2,925,625.00.
  • On Monday, January 22nd, Wallace Family Partnership, Lp sold 29,877 shares of RSP Permian stock. The stock was sold at an average price of $42.58, for a total transaction of $1,272,162.66.

RSPP traded down $0.20 during midday trading on Friday, hitting $48.94. 2,052,580 shares of the company traded hands, compared to its average volume of 3,611,009. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.35. The company has a market cap of $7,793.50, a price-to-earnings ratio of 59.68, a PEG ratio of 0.65 and a beta of 1.67. RSP Permian has a 52-week low of $28.76 and a 52-week high of $50.00.

RSP Permian (NYSE:RSPP) last posted its quarterly earnings data on Tuesday, February 27th. The oil and natural gas company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The business had revenue of $249.02 million for the quarter, compared to the consensus estimate of $246.71 million. RSP Permian had a net margin of 28.88% and a return on equity of 3.07%. research analysts forecast that RSP Permian will post 2.25 EPS for the current year.

RSPP has been the topic of a number of research reports. Credit Suisse Group set a $51.00 price objective on shares of RSP Permian and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Stifel Nicolaus lowered shares of RSP Permian from a “buy” rating to a “hold” rating and set a $46.00 price target on the stock. in a research report on Monday, April 9th. Morgan Stanley raised their price target on shares of RSP Permian from $46.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Zacks Investment Research upgraded shares of RSP Permian from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Tuesday, January 23rd. Finally, Roth Capital raised their price target on shares of RSP Permian from $44.00 to $50.50 and gave the company a “buy” rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and sixteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $50.43.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Boston Partners lifted its holdings in RSP Permian by 20.1% during the fourth quarter. Boston Partners now owns 8,836,699 shares of the oil and natural gas company’s stock valued at $359,476,000 after purchasing an additional 1,475,996 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of RSP Permian by 8.2% in the fourth quarter. TIAA CREF Investment Management LLC now owns 5,522,496 shares of the oil and natural gas company’s stock worth $224,655,000 after buying an additional 419,316 shares in the last quarter. Eagle Asset Management Inc. lifted its stake in shares of RSP Permian by 18.2% in the fourth quarter. Eagle Asset Management Inc. now owns 4,534,674 shares of the oil and natural gas company’s stock worth $183,598,000 after buying an additional 698,647 shares in the last quarter. Millennium Management LLC lifted its stake in shares of RSP Permian by 97.9% in the fourth quarter. Millennium Management LLC now owns 4,529,224 shares of the oil and natural gas company’s stock worth $184,249,000 after buying an additional 2,240,454 shares in the last quarter. Finally, Teachers Advisors LLC lifted its stake in shares of RSP Permian by 21.8% in the fourth quarter. Teachers Advisors LLC now owns 3,632,271 shares of the oil and natural gas company’s stock worth $147,761,000 after buying an additional 650,443 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

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About RSP Permian

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.

Insider Buying and Selling by Quarter for RSP Permian (NYSE:RSPP)

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