RSP Permian Inc. (NYSE:RSPP) Director Ted Collins, Jr. sold 17,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $42.21, for a total transaction of $717,570.00. Following the sale, the director now owns 8,405,688 shares in the company, valued at approximately $354,804,090.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

RSP Permian Inc. (NYSE:RSPP) opened at 42.03 on Friday. The stock’s market capitalization is $5.34 billion. The firm’s 50-day moving average is $39.94 and its 200 day moving average is $36.92. RSP Permian Inc. has a 1-year low of $16.74 and a 1-year high of $43.30.

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

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A number of research firms have commented on RSPP. Goldman Sachs Group Inc. cut shares of RSP Permian from a “buy” rating to a “neutral” rating and raised their target price for the stock from $38.00 to $39.00 in a research note on Wednesday, August 10th. Barclays PLC raised their target price on shares of RSP Permian from $35.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Monday, August 15th. RBC Capital Markets set a $46.00 target price on shares of RSP Permian and gave the stock a “buy” rating in a research note on Tuesday, August 9th. BMO Capital Markets set a $40.00 target price on shares of RSP Permian and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Finally, Wunderlich raised their target price on shares of RSP Permian from $44.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, October 17th. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $40.68.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BOKF NA bought a new position in shares of RSP Permian during the second quarter worth about $102,000. BNP Paribas Arbitrage SA increased its position in shares of RSP Permian by 50,766.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,052 shares of the company’s stock valued at $106,000 after buying an additional 3,046 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of RSP Permian by 121.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,191 shares of the company’s stock valued at $124,000 after buying an additional 1,750 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of RSP Permian by 3,330.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,459 shares of the company’s stock valued at $156,000 after buying an additional 4,329 shares during the last quarter. Finally, Comerica Bank acquired a new position in shares of RSP Permian during the second quarter valued at $205,000. 69.67% of the stock is owned by institutional investors.

About RSP Permian

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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