RSP Permian Inc. (NYSE:RSPP) Director Ted Collins, Jr. sold 21,000 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $42.34, for a total transaction of $889,140.00. Following the transaction, the director now directly owns 8,422,088 shares of the company’s stock, valued at approximately $356,591,205.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of RSP Permian Inc. (NYSE:RSPP) opened at 42.66 on Friday. RSP Permian Inc. has a 12 month low of $16.74 and a 12 month high of $43.30. The firm’s 50-day moving average price is $39.87 and its 200-day moving average price is $36.83. The company’s market cap is $5.42 billion.

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

RSPP has been the topic of a number of recent analyst reports. Nomura restated a “buy” rating and set a $17.00 price objective on shares of RSP Permian in a research note on Monday, September 26th. RBC Capital Markets set a $46.00 price objective on shares of RSP Permian and gave the company a “buy” rating in a research note on Tuesday, August 9th. BMO Capital Markets set a $40.00 price objective on shares of RSP Permian and gave the company a “buy” rating in a research note on Tuesday, August 9th. Deutsche Bank AG lifted their price objective on shares of RSP Permian from $39.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. Finally, Wunderlich lifted their price objective on shares of RSP Permian from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $40.68.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Group LTD raised its position in RSP Permian by 29.1% in the first quarter. BlackRock Group LTD now owns 50,522 shares of the company’s stock valued at $1,466,000 after buying an additional 11,382 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in RSP Permian by 60.3% in the first quarter. UBS Asset Management Americas Inc. now owns 63,814 shares of the company’s stock worth $1,854,000 after buying an additional 23,998 shares in the last quarter. Geode Capital Management LLC raised its stake in RSP Permian by 2.2% in the first quarter. Geode Capital Management LLC now owns 441,248 shares of the company’s stock worth $12,813,000 after buying an additional 9,339 shares in the last quarter. Renaissance Technologies LLC raised its stake in RSP Permian by 33.9% in the first quarter. Renaissance Technologies LLC now owns 441,200 shares of the company’s stock worth $12,812,000 after buying an additional 111,800 shares in the last quarter. Finally, Barclays PLC raised its stake in RSP Permian by 91,032.5% in the first quarter. Barclays PLC now owns 36,453 shares of the company’s stock worth $1,059,000 after buying an additional 36,413 shares in the last quarter. 69.67% of the stock is currently owned by hedge funds and other institutional investors.

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RSP Permian Company Profile

RSP Permian, Inc is an independent oil and natural gas company focused on 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 operates through the oil and natural gas exploration and production industry in the United States segment.

5 Day Chart for NYSE:RSPP

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