Insider Selling in RSP Permian (RSPP) Shares Continues

Friday, August 11, 2017 10:15 PM ET

Insider Selling in RSP Permian (RSPP) Shares Continues

There was a notable sale of shares of RSP Permian by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Ted Collins Jr, 10% Owner and Director — sold 42,000 shares in the company having a market value of approximately $1,375,290. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 17,500 company shares and the sale of 34,584,000 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 34,608,500 shares and have averaged 5,773,917 shares per transaction over this time period.

In relation to the peer group over the last 90 days, insider buy/sell trading at RSP Permian is higher than the 175-company peer group average. Oil & Gas Exploration and Production peer group saw 119 buy/sell trades during this period for an average of 0.7 transactions per company. The number of shares per buy/sell trade for RSP Permian insiders was also higher. Within the peer group there were 6,822,957 shares purchased and 124,799,370 shares sold with company insiders having sold 991,398 shares on average.

To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data used to create and write this story.

Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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