RSP Permian, Inc. Common Stock (NYSE:RSPP) has been the object of insider buying and selling activity recently. Ted Jr Collins, Director let go of $1,481,340 worth of shares at a price of $35.27 on Tue the 27th. That brings the Director’s holdings to $299,269,054 as reported to the SEC. VP William Huck let go of 6,000 shares at an average price of $37.64 on Wed the 21st. Huck now owns $14,146,505 of stock as recorded in a recent Form 4 SEC filing.
Yesterday Director Kenneth V. Huseman disclosed the purchase of 2,000 shares of RSPP stock. The shares were purchased at an average price of $37.76. The Director now owns $736,698 of the stock according to the SEC filing.
Here are some other firms who have updated their holdings. Macquarie Group Ltd expanded its investment by buying 118,618 shares an increase of 21.4% from 03/31/2016 to 06/30/2016. Macquarie Group Ltd claims 673,493 shares with a value of $23,498,000. The value of the position overall is up by 45.8%. As of the end of the quarter Northwestern Mutual Wealth Management Co had bought 86 shares growing its position 44.8%. The value of the investment in RSPP increased from $6,000 to $10,000 a change of 66.7% quarter to quarter.
As of quarter end Royal Bank Of Canada had disposed of a total of 71 shares trimming its stake by 2.3%. The value in dollars went from $89,000 to $105,000 increasing 18.0% since the last quarter. Ifp Advisors, Inc cut its ownership by shedding 57 shares a decrease of 47.5% as of 06/30/2016. Ifp Advisors, Inc controls 63 shares worth $2,000. The total value of its holdings decreased 33.3%.
Equity analyst FBR Capital began coverage of the stock by announcing an initial rating of “Outperform” and establishing a price target of $55.00. On August 24 analysts at Wells Fargo started covering RSPP setting a rating of “Outperform”.
August 15 investment analysts at Barclays held the stock rating at “Equal-weight” but raised the price expectation to $43.00 from $24.00. Morgan Stanley added RSPP to its research portfolio giving it an initial rating of “Equal-weight” and a price target of $43.00.
On June 14 Deutsche Bank held the company rating at “Buy” and raised the price target from $26.00 to $39.00. On May 4 the company was set at “Strong Buy” according to a Raymond James report up from the previous “Outperform” rating.
The company is now up by 8.86% since yesterday’s close of $34.33. It is trading at $37.37 which is a tad under the 50 day moving average of $38.35 and just a bit higher than the 200 day moving average of $33.99. The 50 day moving average was down by -2.56% and the 200 day average went up by +9.95%.
In the last earnings report the EPS was $-0.40 and is projected to be $-0.18 for the current year with 101,642,000 shares outstanding. Next quarter’s EPS is expected be $0.03 with next year’s EPS anticipated to be $0.63.