Cullinan Associates Has Lifted Intel (INTC) Holding By $851,961; RSP Permian (RSPP)’s Sentiment Is 1.67

December 8, 2017 - By Linda Rogers

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 $5.78 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 58.32 P/E ratio.

Cullinan Associates Inc increased Intel Corp (INTC) stake by 8.54% reported in 2017Q2 SEC filing. Cullinan Associates Inc acquired 25,817 shares as Intel Corp (INTC)’s stock declined 2.96%. The Cullinan Associates Inc holds 328,245 shares with $11.08M value, up from 302,428 last quarter. Intel Corp now has $201.61B valuation. The stock decreased 0.85% or $0.37 during the last trading session, reaching $43.08. About 32.71M shares traded or 22.06% up from the average. Intel Corporation (NASDAQ:INTC) has risen 19.47% since December 8, 2016 and is uptrending. It has outperformed by 2.77% the S&P500.

Brenham Capital Management L.P. holds 16.8% of its portfolio in RSP Permian, Inc. for 2.86 million shares. Caymus Capital Partners L.P. owns 2.23 million shares or 8.24% of their US portfolio. Moreover, Teachers Insurance & Annuity Association Of America has 5.58% invested in the company for 4.99 million shares. The Connecticut-based Scoria Capital Partners Lp has invested 5.11% in the stock. Two Creeks Capital Management Lp, a New York-based fund reported 2.23 million shares.

Analysts await RSP Permian, Inc. (NYSE:RSPP) to report earnings on February, 26. They expect $0.25 earnings per share, up 150.00% or $0.15 from last year’s $0.1 per share. RSPP’s profit will be $39.65M for 36.45 P/E if the $0.25 EPS becomes a reality. After $0.18 actual earnings per share reported by RSP Permian, Inc. for the previous quarter, Wall Street now forecasts 38.89% EPS growth.

Ratings analysis reveals 100% of RSP Permian’s analysts are positive. Out of 10 Wall Street analysts rating RSP Permian, 10 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $46.0 while the high is $55.0. The stock’s average target of $50.50 is 38.55% above today’s ($36.45) share price. RSPP was included in 10 notes of analysts from August 24, 2016. The firm has “Overweight” rating given on Monday, December 5 by Morgan Stanley. The firm has “Buy” rating given on Monday, October 17 by Wunderlich. The firm earned “Buy” rating on Monday, December 19 by Guggenheim. FBR Capital initiated the stock with “Outperform” rating in Tuesday, September 13 report. The rating was upgraded by JP Morgan on Thursday, December 8 to “Overweight”. Goldman Sachs upgraded RSP Permian, Inc. (NYSE:RSPP) on Tuesday, April 11 to “Buy” rating. The stock of RSP Permian, Inc. (NYSE:RSPP) earned “Buy” rating by Canaccord Genuity on Monday, October 17. The stock of RSP Permian, Inc. (NYSE:RSPP) has “Overweight” rating given on Thursday, October 6 by CapitalOne. The stock of RSP Permian, Inc. (NYSE:RSPP) has “Buy” rating given on Thursday, April 13 by Stifel Nicolaus. The firm has “Outperform” rating given on Wednesday, August 24 by Wells Fargo.

The stock increased 2.47% or $0.88 during the last trading session, reaching $36.45. About 1.38 million shares traded. RSP Permian, Inc. (RSPP) has risen 25.82% since December 8, 2016 and is uptrending. It has outperformed by 9.12% the S&P500.

Cullinan Associates Inc decreased Procter & Gamble Co (NYSE:PG) stake by 17,015 shares to 317,203 valued at $27.64M in 2017Q2. It also reduced Thermo Fisher Scientific (NYSE:TMO) stake by 2,900 shares and now owns 25,480 shares. Ameriprise Financial (NYSE:AMP) was reduced too.