Caymus Capital Partners L.P. reduced its stake in shares of RSP Permian, Inc. (NYSE:RSPP) by 7.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,064,550 shares of the oil and natural gas company’s stock after selling 161,450 shares during the period. RSP Permian makes up approximately 9.0% of Caymus Capital Partners L.P.’s holdings, making the stock its 4th biggest holding. Caymus Capital Partners L.P. owned 1.30% of RSP Permian worth $71,413,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Mutual of America Capital Management LLC raised its holdings in shares of RSP Permian by 0.9% in the second quarter. Mutual of America Capital Management LLC now owns 59,028 shares of the oil and natural gas company’s stock valued at $1,905,000 after purchasing an additional 498 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of RSP Permian by 2.7% in the first quarter. Legal & General Group Plc now owns 35,697 shares of the oil and natural gas company’s stock valued at $1,476,000 after purchasing an additional 945 shares during the last quarter. Denver Investment Advisors LLC raised its holdings in shares of RSP Permian by 8.3% in the second quarter. Denver Investment Advisors LLC now owns 12,365 shares of the oil and natural gas company’s stock valued at $399,000 after purchasing an additional 950 shares during the last quarter. Geneva Advisors LLC raised its holdings in shares of RSP Permian by 3.2% in the second quarter. Geneva Advisors LLC now owns 37,276 shares of the oil and natural gas company’s stock valued at $1,203,000 after purchasing an additional 1,139 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of RSP Permian by 19.5% in the second quarter. Teacher Retirement System of Texas now owns 9,670 shares of the oil and natural gas company’s stock valued at $312,000 after purchasing an additional 1,579 shares during the last quarter. Hedge funds and other institutional investors own 87.02% of the company’s stock.

RSPP has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of RSP Permian from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Royal Bank Of Canada lifted their price objective on shares of RSP Permian from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Monday. Northland Securities reiterated a “buy” rating and issued a $52.00 price objective on shares of RSP Permian in a report on Wednesday, November 1st. Roth Capital set a $44.00 target price on shares of RSP Permian and gave the stock a “buy” rating in a report on Wednesday, August 9th. Finally, BidaskClub upgraded shares of RSP Permian from a “strong sell” rating to a “sell” rating in a report on Friday, September 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. RSP Permian currently has an average rating of “Buy” and an average price target of $46.71.

Shares of RSP Permian, Inc. (NYSE:RSPP) traded down $0.83 during trading on Tuesday, hitting $37.14. 3,403,300 shares of the stock were exchanged, compared to its average volume of 2,068,820. The company has a market capitalization of $5,740.00, a PE ratio of 62.25, a PEG ratio of 1.90 and a beta of 2.15. RSP Permian, Inc. has a 52 week low of $28.76 and a 52 week high of $46.92. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.84 and a current ratio of 0.84.

RSP Permian (NYSE:RSPP) last announced its earnings results on Monday, November 6th. The oil and natural gas company reported $0.18 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.18. The company had revenue of $201.70 million during the quarter, compared to analysts’ expectations of $201.34 million. RSP Permian had a net margin of 13.69% and a return on equity of 2.32%. RSP Permian’s quarterly revenue was up 115.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.01) earnings per share. equities analysts anticipate that RSP Permian, Inc. will post 0.77 EPS for the current year.

In related news, Director Ted Collins, Jr. sold 42,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $30.71, for a total transaction of $1,289,820.00. Following the completion of the sale, the director now owns 8,136,851 shares of the company’s stock, valued at $249,882,694.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Zane W. Arrott sold 47,113 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $31.29, for a total transaction of $1,474,165.77. Following the sale, the chief operating officer now directly owns 86,614 shares of the company’s stock, valued at approximately $2,710,152.06. The disclosure for this sale can be found here. In the last three months, insiders sold 185,560 shares of company stock valued at $5,999,303. 15.00% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION NOTICE: “RSP Permian, Inc. (RSPP) Holdings Reduced by Caymus Capital Partners L.P.” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another site, it was stolen and reposted in violation of US & international copyright law. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/11/14/rsp-permian-inc-rspp-holdings-reduced-by-caymus-capital-partners-l-p.html.

RSP Permian Company 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.

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

Receive News & Stock Ratings for RSP Permian Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RSP Permian Inc. and related stocks with our FREE daily email newsletter.