RSP Permian, Inc. (RSPP) Director Ted Collins, Jr. Sells 42,000 Shares
RSP Permian, Inc. (NYSE:RSPP) Director Ted Collins, Jr. sold 42,000 shares of RSP Permian stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $35.86, for a total transaction of $1,506,120.00. Following the completion of the transaction, the director now directly owns 8,010,851 shares in the company, valued at $287,269,116.86. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
RSP Permian, Inc. (NYSE RSPP) traded up $0.18 during trading on Friday, hitting $36.63. 1,274,721 shares of the company traded hands, compared to its average volume of 1,647,883. RSP Permian, Inc. has a 1-year low of $28.76 and a 1-year high of $46.92. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The stock has a market cap of $5,780.94, a price-to-earnings ratio of 59.75, a PEG ratio of 1.76 and a beta of 2.15.
RSP Permian (NYSE:RSPP) last released its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. RSP Permian had a net margin of 13.69% and a return on equity of 2.32%. The business had revenue of $201.70 million for the quarter, compared to analyst estimates of $201.34 million. During the same period in the previous year, the firm earned ($0.01) EPS. The business’s revenue for the quarter was up 115.5% compared to the same quarter last year. research analysts forecast that RSP Permian, Inc. will post 0.79 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in RSP Permian by 11.8% in 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 purchasing an additional 1,054,281 shares in the last quarter. Boston Partners lifted its holdings in RSP Permian by 0.9% in the 3rd quarter. Boston Partners now owns 7,360,703 shares of the oil and natural gas company’s stock valued at $254,606,000 after purchasing an additional 69,145 shares in the last quarter. FMR LLC lifted its holdings in RSP Permian by 5.9% in 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 purchasing an additional 300,249 shares in the last quarter. Third Point LLC lifted its holdings in RSP Permian by 19.5% in the 3rd quarter. Third Point LLC now owns 4,600,000 shares of the oil and natural gas company’s stock valued at $159,114,000 after purchasing an additional 750,000 shares in the last quarter. Finally, Westwood Holdings Group Inc. lifted its holdings in RSP Permian by 38.3% in the 2nd quarter. Westwood Holdings Group Inc. now owns 3,876,462 shares of the oil and natural gas company’s stock valued at $125,102,000 after purchasing an additional 1,073,137 shares in the last quarter. Institutional investors and hedge funds own 86.24% of the company’s stock.
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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.
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