First Mercantile Trust Co. decreased its stake in shares of RSP Permian Inc (NYSE:RSPP) by 40.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,161 shares of the oil and natural gas company’s stock after selling 2,800 shares during the period. First Mercantile Trust Co.’s holdings in RSP Permian were worth $169,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Cerebellum GP LLC acquired a new stake in RSP Permian in the 4th quarter worth about $130,000. CIBC Asset Management Inc acquired a new stake in RSP Permian in the 4th quarter worth about $217,000. Sentry Investment Management LLC acquired a new stake in RSP Permian in the 2nd quarter worth about $210,000. Fieldpoint Private Securities LLC acquired a new stake in RSP Permian in the 3rd quarter worth about $233,000. Finally, GSA Capital Partners LLP acquired a new stake in RSP Permian in the 2nd quarter worth about $225,000. 87.01% of the stock is owned by institutional investors and hedge funds.

Several analysts have weighed in on the stock. Zacks Investment Research upgraded shares of RSP Permian from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Tuesday, January 23rd. Credit Suisse Group set a $51.00 price objective on shares of RSP Permian and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. BMO Capital Markets reiterated a “buy” rating and issued a $51.00 price objective on shares of RSP Permian in a research note on Thursday, January 11th. Stifel Nicolaus set a $48.00 price objective on shares of RSP Permian and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, Jefferies Group set a $50.00 price objective on shares of RSP Permian and gave the stock a “buy” rating in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.93.

In other news, Director Ted Collins, Jr. sold 42,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $35.86, for a total value 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 approximately $287,269,116.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Erik B. Daugbjerg sold 19,973 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $37.27, for a total transaction of $744,393.71. Following the completion of the transaction, the vice president now owns 203,598 shares of the company’s stock, valued at $7,588,097.46. The disclosure for this sale can be found here. Insiders sold a total of 191,473 shares of company stock valued at $7,577,796 over the last 90 days. Corporate insiders own 15.00% of the company’s stock.

RSP Permian Inc (NYSE RSPP) opened at $35.96 on Thursday. The company has a market cap of $5,700.00, a P/E ratio of 59.93, a PEG ratio of 0.49 and a beta of 1.97. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. RSP Permian Inc has a 12-month low of $28.76 and a 12-month high of $44.11.

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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.

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

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