TradeLink Capital LLC Buys New Stake in RSP Permian Inc (RSPP)

TradeLink Capital LLC bought a new position in shares of RSP Permian Inc (NYSE:RSPP) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 35,300 shares of the oil and natural gas company’s stock, valued at approximately $1,554,000. RSP Permian accounts for approximately 7.5% of TradeLink Capital LLC’s holdings, making the stock its 5th biggest holding.

Several other institutional investors also recently bought and sold shares of RSPP. UBS Group AG lifted its holdings in shares of RSP Permian by 963.7% during the 1st quarter. UBS Group AG now owns 1,675,016 shares of the oil and natural gas company’s stock valued at $78,525,000 after purchasing an additional 1,517,550 shares in the last quarter. IndexIQ Advisors LLC bought a new position in shares of RSP Permian during the 2nd quarter valued at about $26,476,000. BNP Paribas Arbitrage SA lifted its holdings in shares of RSP Permian by 41,353.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 449,353 shares of the oil and natural gas company’s stock valued at $19,781,000 after purchasing an additional 448,269 shares in the last quarter. Scout Investments Inc. bought a new position in shares of RSP Permian during the 1st quarter valued at about $17,188,000. Finally, Neuberger Berman Group LLC lifted its holdings in shares of RSP Permian by 22.4% during the 1st quarter. Neuberger Berman Group LLC now owns 1,914,319 shares of the oil and natural gas company’s stock valued at $89,743,000 after purchasing an additional 350,105 shares in the last quarter. Institutional investors own 89.74% of the company’s stock.

Several equities analysts have recently weighed in on the company. Roth Capital cut RSP Permian from a “buy” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a report on Monday, April 16th. Stephens set a $69.00 price objective on RSP Permian and gave the company a “buy” rating in a report on Tuesday, April 24th. Seaport Global Securities cut RSP Permian from a “buy” rating to a “neutral” rating in a report on Tuesday, April 24th. Stifel Nicolaus set a $48.00 price objective on RSP Permian and gave the company a “hold” rating in a report on Tuesday, April 24th. Finally, ValuEngine cut RSP Permian from a “buy” rating to a “hold” rating in a report on Monday, May 14th. Thirteen research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. RSP Permian has a consensus rating of “Buy” and a consensus target price of $52.20.

RSP Permian opened at $47.83 on Friday, according to MarketBeat Ratings. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of 58.33, a PEG ratio of 0.62 and a beta of 1.61. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.36. RSP Permian Inc has a 52 week low of $28.76 and a 52 week high of $51.51.

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

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