Trade Report: Today, 17,000 Shares of Stock are sold by RSP Permian Inc. (RSPP) Director Ted Collins, Jr.

Today, 17,000 Shares of Stock are sold by RSP Permian Inc. (RSPP) Director Ted Collins, Jr.

RSP Permian Inc. (NYSE:RSPP) Director Ted Collins, Jr. sold 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $42.21, for a total value of $717,570.00. Following the transaction, the director now directly owns 8,405,688 shares of the company’s stock, valued at $354,804,090.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

RSP Permian Inc. (NYSE:RSPP) opened at 42.03 on Friday. The stock’s 50 day moving average price is $39.94 and its 200-day moving average price is $36.92. RSP Permian Inc. has a 12-month low of $16.74 and a 12-month high of $43.30. The stock’s market capitalization is $5.34 billion.

Several research analysts have recently weighed in on RSPP shares. Royal Bank Of Canada upped their target price on RSP Permian from $41.00 to $46.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 9th. BMO Capital Markets set a $40.00 target price on RSP Permian and gave the stock a “buy” rating in a research note on Tuesday, August 9th. RBC Capital Markets set a $46.00 target price on RSP Permian and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Goldman Sachs Group Inc. downgraded RSP Permian from a “buy” rating to a “neutral” rating and upped their target price for the stock from $38.00 to $39.00 in a research note on Wednesday, August 10th. Finally, Wunderlich upped their target price on RSP Permian from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $40.68.

A number of institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of RSP Permian during the third quarter valued at about $31,509,000. Dimensional Fund Advisors LP boosted its position in shares of RSP Permian by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 5,442,447 shares of the company’s stock valued at $189,887,000 after buying an additional 705,142 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of RSP Permian by 87.6% in the second quarter. Bank of New York Mellon Corp now owns 1,060,580 shares of the company’s stock valued at $37,002,000 after buying an additional 495,224 shares in the last quarter. Schroder Investment Management Group purchased a new position in shares of RSP Permian during the third quarter valued at about $18,528,000. Finally, Neuberger Berman Group LLC boosted its position in shares of RSP Permian by 69.6% in the second quarter. Neuberger Berman Group LLC now owns 1,149,800 shares of the company’s stock valued at $40,117,000 after buying an additional 472,000 shares in the last quarter. 69.67% of the stock is owned by hedge funds and other institutional investors.

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