Segall Bryant & Hamill LLC Buys New Stake in RSP Permian Inc (RSPP)

Segall Bryant & Hamill LLC bought a new stake in shares of RSP Permian Inc (NYSE:RSPP) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,833 shares of the oil and natural gas company’s stock, valued at approximately $1,914,000.

Several other large investors have also made changes to their positions in the business. Highland Capital Management LP boosted its position in shares of RSP Permian by 47.4% during the first quarter. Highland Capital Management LP now owns 210,767 shares of the oil and natural gas company’s stock valued at $9,881,000 after buying an additional 67,767 shares during the period. Point72 Asset Management L.P. boosted its position in shares of RSP Permian by 31.2% during the first quarter. Point72 Asset Management L.P. now owns 901,969 shares of the oil and natural gas company’s stock valued at $42,284,000 after buying an additional 214,369 shares during the period. Guggenheim Capital LLC raised its stake in shares of RSP Permian by 10.8% during the first quarter. Guggenheim Capital LLC now owns 76,966 shares of the oil and natural gas company’s stock valued at $3,609,000 after acquiring an additional 7,527 shares in the last quarter. Bluefin Trading LLC bought a new stake in shares of RSP Permian during the first quarter valued at approximately $4,221,000. Finally, Ancora Advisors LLC bought a new stake in shares of RSP Permian during the first quarter valued at approximately $498,000. Institutional investors and hedge funds own 89.73% of the company’s stock.

Shares of RSP Permian opened at $40.83 on Tuesday, MarketBeat reports. The company has a market capitalization of $6.36 billion, a P/E ratio of 49.79, a price-to-earnings-growth ratio of 0.51 and a beta of 1.61. RSP Permian Inc has a 52 week low of $28.76 and a 52 week high of $51.51. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.36.

RSP Permian (NYSE:RSPP) last issued its quarterly earnings data on Wednesday, May 2nd. The oil and natural gas company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. The company had revenue of $276.32 million during the quarter, compared to the consensus estimate of $279.97 million. RSP Permian had a net margin of 31.07% and a return on equity of 4.30%. RSP Permian’s revenue for the quarter was up 62.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 earnings per share. sell-side analysts predict that RSP Permian Inc will post 2.33 EPS for the current fiscal year.

In other RSP Permian news, insider Wallace Family Partnership, Lp sold 62,500 shares of RSP Permian stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $48.95, for a total value of $3,059,375.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 15.00% of the company’s stock.

RSPP has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of RSP Permian from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Williams Capital set a $55.00 price target on shares of RSP Permian and gave the company a “buy” rating in a research note on Wednesday, February 28th. Credit Suisse Group set a $53.00 price target on shares of RSP Permian and gave the company a “buy” rating in a research note on Wednesday, February 28th. Imperial Capital reaffirmed an “outperform” rating and set a $53.00 price target (up previously from $46.00) on shares of RSP Permian in a research note on Thursday, March 1st. Finally, Northland Securities reaffirmed a “buy” rating and set a $55.00 price target on shares of RSP Permian in a research note on Thursday, March 1st. Thirteen research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $51.86.

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.

Want to see what other hedge funds are holding RSPP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RSP Permian Inc (NYSE:RSPP).

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

Receive News & Ratings for RSP Permian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RSP Permian and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply