Sentry Investment Management LLC raised its position in shares of RSP Permian Inc (NYSE:RSPP) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,785 shares of the oil and natural gas company’s stock after acquiring an additional 3,804 shares during the period. Sentry Investment Management LLC owned approximately 0.06% of RSP Permian worth $4,100,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Cerebellum GP LLC acquired a new stake in shares of RSP Permian in the fourth quarter valued at approximately $130,000. Cadence Capital Management LLC acquired a new stake in shares of RSP Permian in the fourth quarter valued at approximately $206,000. CIBC Asset Management Inc acquired a new stake in shares of RSP Permian in the fourth quarter valued at approximately $217,000. GSA Capital Partners LLP acquired a new stake in shares of RSP Permian in the second quarter valued at approximately $225,000. Finally, Fieldpoint Private Securities LLC acquired a new stake in shares of RSP Permian in the third quarter valued at approximately $233,000. Institutional investors own 87.01% of the company’s stock.
In other news, 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 transaction, the vice president now owns 203,598 shares in the company, valued at $7,588,097.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Scott K. Mcneill sold 25,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $37.05, for a total transaction of $926,250.00. Following the transaction, the chief financial officer now owns 94,477 shares in the company, valued at approximately $3,500,372.85. The disclosure for this sale can be found here. Insiders have sold 233,473 shares of company stock worth $9,073,416 in the last quarter. Company insiders own 15.00% of the company’s stock.
A number of equities research analysts have recently weighed in on RSPP shares. Royal Bank of Canada lifted their price target on shares of RSP Permian from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, November 13th. Northland Securities restated a “buy” rating and set a $52.00 price objective on shares of RSP Permian in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of RSP Permian from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Friday, November 3rd. Stifel Nicolaus restated a “buy” rating and set a $46.00 price objective (up from $45.00) on shares of RSP Permian in a research report on Tuesday, December 19th. Finally, BidaskClub upgraded shares of RSP Permian from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $47.93.
RSP Permian Inc (RSPP) opened at $33.64 on Monday. RSP Permian Inc has a fifty-two week low of $28.76 and a fifty-two week high of $44.11. The firm has a market cap of $5,335.28, a PE ratio of 55.15, a PEG ratio of 0.47 and a beta of 1.97. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35.
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RSP Permian 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.
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