Marshall Wace LLP lifted its position in RSP Permian Inc (NYSE:RSPP) by 265.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 262,801 shares of the oil and natural gas company’s stock after purchasing an additional 190,936 shares during the period. Marshall Wace LLP owned about 0.16% of RSP Permian worth $11,569,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. King Luther Capital Management Corp purchased a new stake in RSP Permian in the first quarter worth $220,000. AMP Capital Investors Ltd purchased a new stake in RSP Permian in the second quarter worth $229,000. Gamco Investors INC. ET AL purchased a new stake in RSP Permian in the first quarter worth $248,000. Element Capital Management LLC purchased a new stake in RSP Permian in the first quarter worth $248,000. Finally, First Allied Advisory Services Inc. purchased a new stake in RSP Permian in the first quarter worth $253,000. Hedge funds and other institutional investors own 89.74% of the company’s stock.
RSP Permian stock traded down $101.64 on Friday, hitting $47.83. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 58.33, a PEG ratio of 0.62 and a beta of 1.61. RSP Permian Inc has a 1-year low of $28.76 and a 1-year high of $51.51.
Separately, Guggenheim reaffirmed a “buy” rating on shares of RSP Permian in a research note on Monday, July 23rd. Thirteen investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $52.20.
RSP Permian Company Profile
RSP Permian, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. 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; and in Loving and Winkler counties of the Delaware Basin.
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