Bp Capital Fund Advisors buys $8.5 Million stake in RSP Permian Inc (RSPP)

RSP Permian Inc (RSPP) : Bp Capital Fund Advisors scooped up 39,480 additional shares in RSP Permian Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 264,019 shares of RSP Permian Inc which is valued at $8.5 Million.RSP Permian Inc makes up approximately 4.06% of Bp Capital Fund Advisors’s portfolio.

Other Hedge Funds, Including , Lombardia Capital Partners added RSPP to its portfolio by purchasing 300,004 company shares during the most recent quarter which is valued at $9.6 Million. RSP Permian Inc makes up approx 0.58% of Lombardia Capital Partners’s portfolio. Thrivent Financial For Lutherans added RSPP to its portfolio by purchasing 132,900 company shares during the most recent quarter which is valued at $4.3 Million. RSP Permian Inc makes up approx 0.02% of Thrivent Financial For Lutherans’s portfolio.Cipher Capital Lp boosted its stake in RSPP in the latest quarter, The investment management firm added 43,698 additional shares and now holds a total of 58,741 shares of RSP Permian Inc which is valued at $1.9 Million. RSP Permian Inc makes up approx 0.18% of Cipher Capital Lp’s portfolio. Numeric Investors added RSPP to its portfolio by purchasing 15,300 company shares during the most recent quarter which is valued at $468,180. RSP Permian Inc makes up approx 0.01% of Numeric Investors’s portfolio. Diam Ltd. added RSPP to its portfolio by purchasing 58,179 company shares during the most recent quarter which is valued at $1.8 Million. RSP Permian Inc makes up approx 0.03% of Diam Ltd.’s portfolio.

RSP Permian Inc opened for trading at $32.78 and hit $33.28 on the upside on Wednesday, eventually ending the session at $33.09, with a gain of 2.32% or 0.75 points. The heightened volatility saw the trading volume jump to 9,40,733 shares. Company has a market cap of $3,363 M.

On the company’s financial health, RSP Permian Inc reported $-0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 2, 2016. Analyst had a consensus of $-0.13. The company had revenue of $55.82 million for the quarter, compared to analysts expectations of $58.61 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on RSP Permian Inc. Company shares were Reiterated by Wunderlich on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $29 .RSP Permian Inc was Upgraded by Raymond James to ” Strong Buy” on May 4, 2016. Company shares were Reiterated by Deutsche Bank on May 3, 2016 to “Buy”, Firm has raised the Price Target to $ 36 from a previous price target of $34 .

RSP Permian Inc. is an independent oil and natural gas Company focused on 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 a sub-basin of the Permian Basin primarily in the adjacent counties of Midland Martin Andrews Dawson Ector and Glasscock. As of December 31 2014 the Company has participated in the completion of 92 horizontal wells 45 of which the Company operated. Of these operated horizontal wells three are Wolfcamp A wells 17 are Wolfcamp B wells two are Wolfcamp D wells nine are Middle Spraberry wells 14 are Lower Spraberry wells.

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