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

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

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

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RSPP has been the subject of several research analyst reports. Royal Bank Of Canada increased their target price on RSP Permian from $41.00 to $46.00 and gave the company an “outperform” rating in a research note on Tuesday, August 9th. BMO Capital Markets set a $40.00 target price on RSP Permian and gave the company a “buy” rating in a research note on Tuesday, August 9th. RBC Capital Markets set a $46.00 target price on RSP Permian and gave the company a “buy” rating in a research note on Tuesday, August 9th. Goldman Sachs Group Inc. cut RSP Permian from a “buy” rating to a “neutral” rating and increased their target price for the company from $38.00 to $39.00 in a research note on Wednesday, August 10th. Finally, Wunderlich increased their target price on RSP Permian from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $40.68.

A number of hedge funds and other institutional investors have recently modified their holdings of RSPP. Dimensional Fund Advisors LP increased its position in shares of RSP Permian by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 5,442,447 shares of the company’s stock valued at $189,887,000 after buying an additional 705,142 shares in the last quarter. Vanguard Group Inc. increased its position in shares of RSP Permian by 9.2% in the second quarter. Vanguard Group Inc. now owns 4,965,931 shares of the company’s stock valued at $173,261,000 after buying an additional 416,576 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of RSP Permian by 7.3% in the third quarter. TIAA CREF Investment Management LLC now owns 4,217,059 shares of the company’s stock valued at $163,538,000 after buying an additional 288,500 shares in the last quarter. State Street Corp increased its position in shares of RSP Permian by 10.3% in the second quarter. State Street Corp now owns 2,401,441 shares of the company’s stock valued at $83,785,000 after buying an additional 223,969 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its position in shares of RSP Permian by 5.9% in the second quarter. Westwood Holdings Group Inc. now owns 2,340,197 shares of the company’s stock valued at $81,650,000 after buying an additional 130,236 shares in the last quarter. 69.67% of the stock is currently 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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