Rsp Permian, Inc: Wallace Family Partnership Disclosed Stake

February 14, 2018 - By Migdalia James

 Rsp Permian, Inc: Wallace Family Partnership Disclosed Stake

Investors sentiment decreased to 1.28 in 2017 Q3. Its down 0.39, from 1.67 in 2017Q2. It dropped, as 35 investors sold RSP Permian, Inc. shares while 59 reduced holdings. 36 funds opened positions while 84 raised stakes. 133.37 million shares or 0.04% less from 133.41 million shares in 2017Q2 were reported.

Tiaa Cref Invest Mgmt Ltd, New York-based fund reported 5.10M shares. Morgan Stanley has 0% invested in RSP Permian, Inc. (NYSE:RSPP) for 141,895 shares. 56,824 were accumulated by Nuveen Asset Mgmt. 6,602 are owned by Confluence Investment Mngmt. Bluecrest Cap Ltd reported 240,722 shares. Ftb Advisors holds 0% or 313 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% in RSP Permian, Inc. (NYSE:RSPP). Swiss Bank reported 0.01% of its portfolio in RSP Permian, Inc. (NYSE:RSPP). 1.32M are owned by Jpmorgan Chase &. 14,000 are owned by Dekabank Deutsche Girozentrale. California State Teachers Retirement has 0.02% invested in RSP Permian, Inc. (NYSE:RSPP) for 215,555 shares. California-based Reilly Advsr Limited Liability Company has invested 0% in RSP Permian, Inc. (NYSE:RSPP). Susquehanna Int Llp, a Pennsylvania-based fund reported 133,742 shares. Hsbc Holding Public Limited stated it has 17,723 shares or 0% of all its holdings. Moreover, Pub Employees Retirement Association Of Colorado has 0.01% invested in RSP Permian, Inc. (NYSE:RSPP) for 20,527 shares.

Since August 17, 2017, it had 0 insider purchases, and 7 insider sales for $8.47 million activity. On Thursday, August 31 Mutrie James E. sold $391,707 worth of RSP Permian, Inc. (NYSE:RSPP) or 12,447 shares. Arrott Zane W. also sold $1.47 million worth of RSP Permian, Inc. (NYSE:RSPP) on Thursday, August 17. $926,250 worth of stock was sold by McNeill Scott K. on Monday, December 11. The insider Collins Ted Jr sold 42,000 shares worth $1.74 million.

The New Wallace Family Partnership Holding in Rsp Permian, Inc

Wallace Family Partnership reported SC 13G/A form with the SEC for Rsp Permian, Inc. Access it here: 000119312518042601. As reported by Wallace Family Partnership, the filler owns 11.7% or 18,533,208 shares of the Energy–company.

Rsp Permian, Inc stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Wallace Family Partnership’s positive view for Rsp Permian, Inc.

Rsp Permian, Inc Institutional Sentiment

Filings show 139 investors own Rsp Permian, Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 13379297. 79292109 were owned by these investors. 25 funds opened new Rsp Permian, Inc stakes, 77 increased positions. There were 33 that closed positions and 29 reduced them.

6 investors had the stock in their top 10. Some are: Brenham Capital Management L.P., Teachers Insurance & Annuity Association Of America, Caymus Capital Partners L.P., Cambrian Capital Limited Partnership, Beaconlight Capital Llc, Wexford Capital Lp, Scholtz & Company Llc, Two Creeks Capital Management Lp..

Teachers Insurance & Annuity Association Of America is an investor bullish on Rsp Permian, Inc, owning 7940524 shares as of Q3 2015 for 5.98% of its portfolio. Brenham Capital Management Lp owns 3000000 shares or 13.06% of its portfolio. TX Hodges Capital Management Inc have 0.97% of its portfolio for 1165089 shares. Further, Alta Advisers Ltd reported stake worth 4.34% of its portfolio. The CA Ami Asset Management Corp owns 274853 shares. Rsp Permian, Inc is 0.43% of its portfolio.

Business 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. The Midland Basin properties are primarily in the adjacent counties of Midland, Martin, Andrews, Ector, Glasscock and Dawson. The Delaware Basin properties are in Loving and Winkler counties. The Company has drilled Lower Spraberry horizontal well and a Middle Spraberry horizontal well in the Permian Basin. In addition, it has also drilled a Wolfcamp B horizontal well in the North Midland Basin.

SEC Form 13G.

Analysts await RSP Permian, Inc. (NYSE:RSPP) to report earnings on February, 26. They expect $0.28 EPS, up 180.00 % or $0.18 from last year’s $0.1 per share. RSPP’s profit will be $44.41M for 30.55 P/E if the $0.28 EPS becomes a reality. After $0.18 actual EPS reported by RSP Permian, Inc. for the previous quarter, Wall Street now forecasts 55.56 % EPS growth.

The stock decreased 2.09% or $0.73 during the last trading session, reaching $34.22. About 2.26M shares traded or 10.70% up from the average. RSP Permian, Inc. (NYSE:RSPP) has risen 25.82% since February 14, 2017 and is uptrending. It has outperformed by 9.12% the S&P500.

RSP Permian, Inc., an independent oil and natural gas company, engages 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 has market cap of $5.43 billion. It owns interest in contiguous acreage blocks in the core of the Midland Basin primarily in the adjacent counties of Midland, Martin, Andrews, Dawson, Ector, and Glasscock. It has a 54.75 P/E ratio.

RSP Permian, Inc. (NYSE:RSPP) Ratings Coverage

Among 36 analysts covering RSP Permian (NYSE:RSPP), 34 have Buy rating, 0 Sell and 2 Hold. Therefore 94% are positive. RSP Permian has $63 highest and $21 lowest target. $43.34’s average target is 26.65% above currents $34.22 stock price. RSP Permian had 129 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Monday, May 15 with “Buy”. The rating was initiated by FBR Capital with “Outperform” on Tuesday, September 13. The firm has “Buy” rating by Northland Capital given on Monday, December 11. The rating was initiated by Wells Fargo with “Outperform” on Wednesday, August 24. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, July 21. FBR Capital maintained RSP Permian, Inc. (NYSE:RSPP) on Tuesday, December 6 with “Outperform” rating. Goldman Sachs upgraded RSP Permian, Inc. (NYSE:RSPP) on Friday, March 11 to “Buy” rating. As per Thursday, April 13, the company rating was maintained by BMO Capital Markets. The stock of RSP Permian, Inc. (NYSE:RSPP) earned “Buy” rating by KeyBanc Capital Markets on Sunday, January 21. JP Morgan initiated RSP Permian, Inc. (NYSE:RSPP) rating on Wednesday, December 9. JP Morgan has “Neutral” rating and $30 target.

More news for RSP Permian, Inc. (NYSE:RSPP) were recently published by: Nasdaq.com, which released: “RSP Permian (RSPP) Shares Cross Below 200 DMA” on February 08, 2018. Businesswire.com‘s article titled: “RSP Permian, Inc. Announces Passing of Director Ted Collins, Jr.” and published on January 29, 2018 is yet another important article.

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