Key Square Capital Management LLC Invests $18.19 Million in RSP Permian Inc (RSPP)

Key Square Capital Management LLC bought a new stake in shares of RSP Permian Inc (NYSE:RSPP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 447,228 shares of the oil and natural gas company’s stock, valued at approximately $18,193,000. RSP Permian accounts for 1.7% of Key Square Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. Key Square Capital Management LLC owned 0.28% of RSP Permian at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in RSPP. Principal Financial Group Inc. raised its stake in RSP Permian by 49.0% during the 2nd quarter. Principal Financial Group Inc. now owns 23,842 shares of the oil and natural gas company’s stock valued at $769,000 after purchasing an additional 7,840 shares during the period. UBS Asset Management Americas Inc. raised its stake in RSP Permian by 54.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 112,976 shares of the oil and natural gas company’s stock valued at $3,646,000 after purchasing an additional 40,057 shares during the period. GSA Capital Partners LLP acquired a new stake in RSP Permian during the 2nd quarter valued at $225,000. Voya Investment Management LLC raised its stake in RSP Permian by 5.9% during 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 purchasing an additional 2,420 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of RSP Permian by 217.5% in the second quarter. Stifel Financial Corp now owns 39,667 shares of the oil and natural gas company’s stock worth $1,279,000 after acquiring an additional 27,172 shares during the last quarter. 87.01% of the stock is currently owned by institutional investors.

Shares of RSP Permian Inc (NYSE:RSPP) traded down $0.75 during trading hours on Thursday, reaching $35.21. 652,882 shares of the company were exchanged, compared to its average volume of 2,315,016. The company has a market capitalization of $5,427.27, a PE ratio of 57.75, a PEG ratio of 0.48 and a beta of 1.97. RSP Permian Inc has a 12-month low of $28.76 and a 12-month high of $44.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.84.

In other RSP Permian news, insider Wallace Family Partnership, Lp sold 29,877 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $42.58, for a total transaction of $1,272,162.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Erik B. Daugbjerg sold 19,973 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $37.27, for a total transaction of $744,393.71. Following the sale, 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. Insiders sold 191,473 shares of company stock valued at $7,577,796 over the last quarter. 15.00% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently weighed in on RSPP shares. Royal Bank of Canada upped their price target on shares of RSP Permian from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. Northland Securities reaffirmed a “buy” rating and issued a $52.00 price target on shares of RSP Permian in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of RSP Permian from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Friday, November 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $46.00 price target (up from $45.00) on shares of RSP Permian in a research note on Tuesday, December 19th. Finally, BidaskClub raised shares of RSP Permian from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $47.93.

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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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