Macquarie Group Ltd. grew its position in shares of RSP Permian, Inc. (NYSE:RSPP) by 14.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,024,123 shares of the oil and natural gas company’s stock after acquiring an additional 131,508 shares during the quarter. Macquarie Group Ltd. owned about 0.65% of RSP Permian worth $33,048,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of RSP Permian by 11.8% during the 2nd quarter. Vanguard Group Inc. now owns 9,963,201 shares of the oil and natural gas company’s stock valued at $321,513,000 after acquiring an additional 1,054,281 shares during the last quarter. BlackRock Inc. boosted its position in shares of RSP Permian by 15,355.9% during the 1st quarter. BlackRock Inc. now owns 7,398,913 shares of the oil and natural gas company’s stock valued at $306,537,000 after acquiring an additional 7,351,042 shares during the last quarter. Boston Partners boosted its position in shares of RSP Permian by 10.3% during the 2nd quarter. Boston Partners now owns 7,291,558 shares of the oil and natural gas company’s stock valued at $235,299,000 after acquiring an additional 681,747 shares during the last quarter. FMR LLC boosted its position in shares of RSP Permian by 5.9% during the 2nd quarter. FMR LLC now owns 5,423,687 shares of the oil and natural gas company’s stock valued at $175,023,000 after acquiring an additional 300,249 shares during the last quarter. Finally, Third Point LLC boosted its position in shares of RSP Permian by 92.5% during the 2nd quarter. Third Point LLC now owns 3,850,000 shares of the oil and natural gas company’s stock valued at $124,240,000 after acquiring an additional 1,850,000 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Shares of RSP Permian, Inc. (RSPP) traded down 0.26% during trading on Monday, hitting $33.98. The stock had a trading volume of 60,545 shares. The company’s 50 day moving average price is $31.98 and its 200 day moving average price is $34.97. RSP Permian, Inc. has a 12 month low of $28.76 and a 12 month high of $46.92. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 62.69 and a beta of 2.17.

RSP Permian (NYSE:RSPP) last posted its quarterly earnings data on Monday, August 7th. The oil and natural gas company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The firm had revenue of $183.10 million for the quarter, compared to the consensus estimate of $185.01 million. RSP Permian had a return on equity of 1.86% and a net margin of 12.71%. The company’s quarterly revenue was up 124.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) EPS. Equities research analysts expect that RSP Permian, Inc. will post $0.74 earnings per share for the current fiscal year.

In related news, COO Zane W. Arrott sold 47,113 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $31.29, for a total value of $1,474,165.77. Following the sale, the chief operating officer now owns 86,614 shares in the company, valued at approximately $2,710,152.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP James E. Mutrie sold 12,447 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $31.47, for a total value of $391,707.09. Following the completion of the sale, the vice president now owns 38,005 shares in the company, valued at approximately $1,196,017.35. The disclosure for this sale can be found here. Insiders sold a total of 248,560 shares of company stock worth $8,060,453 in the last quarter. Company insiders own 15.00% of the company’s stock.

RSPP has been the subject of a number of research reports. Zacks Investment Research downgraded RSP Permian from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. ValuEngine lowered RSP Permian from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Roth Capital set a $44.00 price target on RSP Permian and gave the company a “buy” rating in a report on Wednesday, August 9th. BidaskClub upgraded RSP Permian from a “strong sell” rating to a “sell” rating in a report on Friday, September 15th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $44.00 price target on shares of RSP Permian in a report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $47.44.

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About RSP Permian

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.

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

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